While this downgrade will not affect the sovereign as it does not borrow overseas, it will however affect Indian companies borrowing from abroad
In the services sector, growth in the hotels and financial services sectors fell to 2.6 per cent and 2.4 per cent in the fourth quarter
In an interview, Pronab Sen tells Business Standard that the resource crunch of the Centre is over-stated and it should now come out with more stimulus to spur the economy
India's economy was already slowing down before it entered the Covid-19 year of 2020-21, writes D K Srivastava.
According to Subbarao, the country is going to face its worst recession in the current financial year
The economic wounds will be "deeper than anything we've seen since World War Two", says chief economist at JP Morgan
Efforts are on to develop vaccine for the coronavirus, Gadkari said, adding "we will have to learn the art of living with coronavirus"
The first Advance Estimates, released in January for the purpose of Budget preparations, pegged the economic growth rate at 5 per cent in 2019-20.
The poll of 52 economists, taken May 20-25, indicated India's economy grew at 2.1 per cent in the March quarter from a year ago, its weakest.
Earlier, the second advance estimates of the government pegged the growth at 5 per cent in 2019-20, but analysts had doubted that number
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
In its macroeconomic report, the finance ministry did not reveal its projections for 20120-21
The report, prepared by the Economic Affairs Division of the Finance Ministry, took comfort from an IMF note which projected a growth rate of 1.9 per cent for the current fiscal
Calling her stint as FM during the pandemic "the most challenging assignment yet", Sitharaman said she was not upset with the criticism that the recent stimulus package was too little
Unveiling the contours of the Rs 20-trillion stimulus package, Finance Minister Nirmala Sitharaman had last last week announced a change in the definition of MSMEs
Analysts say the Rs 20-trn stimulus package by govt a lost opportunity
The financial markets is expected to behave in a measured manner, given the cautious environment and weakening sentiments
Sen said that on the face of it, the package looked good, with roughly the kind of damage that has happened to the economy
'Self-reliant India' package is around 10% of GDP; lockdown 4.0 is on with new guidelines
According to the Reserve Bank of India (RBI) data, state governments' gross market borrowings stood at Rs 6.08 trillion in 2019-20, up from Rs 4.78 trillion in 2018-19.