Page 17 - India Gdp

Centre has walked the talk on capex, shows official data

Data from Controller General of Accounts shows capital expenditure for April-June 2020, at Rs 88,273 crore, was 40% higher than a year ago, though the gap narrowed to just 4% by July-end

Power generation, rail freight show gains among weekly economic indicators

Gains seen compared to the previous week, besides improvement relative to 2019

Experts advise caution on stagflation fears amid 24% GDP contraction

Say Centre, RBI should ensure their policies don't stoke inflation

Statsguru: 24% GDP contraction and enormity of Centre's fiscal challenge

If annual expenditure is kept unchanged from the budgeted Rs 30 trillion, a worst-case scenario can push Centre's fiscal deficit to 8.1 per cent of GDP

Increase infrastructure spending to revive economy: P Chidambaram

Chidambaram has advised the government to increase spending in infrastructure to revive the Indian economy, as the GDP has contracted by 23.9 per cent in the first quarter of the 2020-21 fiscal.

Need long-term roadmap to improve automobile contribution to GDP: NRI India

A long-term regulatory roadmap is required for the automobile industry to grow and increase its contribution to GDP to 12 per cent from the current 7 per cent

India witnessing V-shaped recovery; lockdown led to drop in economy: FinMin

The finance ministry on Friday said the country is witnessing a V-shaped economic recovery and attributed the steep 23.9 per cent contraction of the economy in the June quarter to "stringent lockdown" that was put in place to curb spreading of coronavirus infections. Among the major economies, India witnessed the steepest decline in the GDP growth in the April-June quarter following the outbreak of the coronavirus pandemic. "The higher contraction has resulted from the stringent lockdown that India enforced in the April-June quarter. India enforced the most stringent lockdown as reflected in the Government Response Stringency Index developed by Oxford University," the ministry said in its Monthly Economic Review for August. US economy contracted by 9.1 per cent while UK and France witnessed a contraction of 21.7 per cent and 18.9 per cent, respectively. Spain, Italy and Germany saw their economies contract 22.1 per cent, 17.7 per cent and 11.3 per cent, respectively, in the June ...

India reeling under 'Modi-made disasters': Rahul on economic slowdown

Chief Economic Adviser K V Subramanian has said the economy was "experiencing a V-shaped recovery" after the lockdown was eased

India among large EMs set for highest debt burden by 2021, says Moody's

Large emerging market sovereigns will have higher debt burdens for the next few years, says ratings agency.

India's fiscal deficit crosses full-year budgeted target in four months

Net tax receipts were Rs 2.03 trillion, while total expenditure was Rs 10.5 trillion

India GDP numbers out today: Facts and analyses

Fiscal deficit to touch 7% in FY21 as Covid hits revenue: Brickwork Ratings

Revenue from income taxes (personal income tax and corporate income taxes) was lower by 30.5 per cent, and the GST by almost 34 per cent during the period

India will need to find jobs for additional 90 mn, says McKinsey report

The figures do not include 55 million women who may come back to the labour force to "partially correct the historical underrepresentation"

Govt debt set to hit historic high of 91% of GDP in FY21, says report

General government debt-to-GDP ratio stood at 75 per cent in FY20, according to the report by economists of Motilal Oswal Financial Services

Government debt likely to stand at 80% of GDP by FY30: Motilal Oswal

The government's debt rose to 75% of GDP in FY20 from 70% in FY18 and is likely to reach 91% in FY21, according to estimates from the EcoScope report of Motilal Oswal Financial Services.

Top headlines: Slower revenue growth for TCS, Jio unlikely to raise tariffs

From S&P Ratings predicting slower revenue growth for TCS, states to pitch for timely GST compensation at Council meet to cinemas getting ready to open in September, here are top headlines of the day

Lockdown effect: India's GDP to see contraction of 25% in Q1, say analysts

Manufacturing, construction, and trade, hotels, transport and communication will be the worst-affected segments in the official set of numbers to be announced by the government on Aug 31, they said

India's Q1FY21 GDP may shrink by 25%, says ICRA; flags distress in MSMEs

India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday

India Coronavirus Dispatch: The 'weekend effect' of RT-PCR testing

The story of a heroic migrant, UP' share in national testing rises, and how the world's two largest democracies fared--a roundup of news on how India is dealing with the pandemic

Does govt have plans to tackle declining GDP, unemployment, asks Congress

"This government cannot be a 'Ram bharose' government, because even Ram helps only those who help themselves," Congress said