India needs to grow faster to make up for contraction during Covid-19 pandemic: IMF – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr WASHINGTON: India, which is projected to grow at an impressive rate of 12.5 per cent this year, needs to grow at a much faster pace to make up for the unprecedented contraction of eight per cent that it clocked during the Covid-19 pandemic in 2020, according to a senior IMF official. The International […]

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India GDP: How state budgets are becoming precursor for better GDP growth | India Business News – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: The coronavirus-induced lockdown and gradual reopening have dealt a historic blow to the Indian economy. For the first time in history, India entered into a technical recession with gross domestic product (GDP) growth remaining in negative territory for two successive quarters in 2020-21. However, with a quarterly growth of 0.4 per […]

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Finance minister urges industry to unleash animal spirits; make India fastest growing economy – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Finance minister Nirmala Sitharaman on Saturday exhorted India Inc to unleash animal spirits and bring in fresh investment to make India one of the fastest growing economies of the world. Speaking to industry leaders at an All India Management Association (AIMA) event, she said the government has taken several steps including […]

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Reform measures in budget to help India become $5 trillion economy: CEA – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: The reform measures announced in budget 2021-22 will play a big role in India becoming a $5 trillion economy and beyond, chief economic adviser K V Subramanian said on Friday. He also said the country’s economy is expected to grow at 15.5 per cent in nominal terms in 2021-22 and contract […]

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India economy: RBI sees V-shaped recovery: State of Indian economy explained in 10 charts – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: With domestic activity gradually returning to pre-Covid levels, the Reserve Bank of India (RBI) sees a phoenix-like recovery for the Indian economy. According to a recent report published by the central bank, the country’s gross domestic product (GDP) is not far from attaining positive growth. It observed that the economy will […]

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Imports go up for 1st time since last Feb, exports dip 0.8% – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Indicating a pick-up in economic activity, imports went up for the first time since February, rising 7.6% to $42.6 billion in December, while exports were 0.8% lower at $26.9 billion on account of lower shipment of oil products to the UAE and parts of Europe. As a result, trade deficit widened […]

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Budget to set course for economic pick up after Covid carnage – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Indian economy is now expected to see a faster turnaround given the impending rollout of vaccine, increased mobility and less disruptions to business operations as the economy opens up but a lot will also depend on the upcoming Budget for 2021-22 to steer its course. India, which had in 2019 overtaken […]

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Economic indicators are encouraging, situation improving swiftly: PM Modi – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Prime Minister Narendra Modi on Saturday said that the Indian economy is recovering at a swift pace and economic indicators are encouraging. Addressing the 93rd annual general meeting (AGM) and convention of Federation of Indian Chambers of Commerce and Industry (Ficci) virtually, PM noted that India has been through ups and […]

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Indian economy to struggle with effects of virus through 2025: Report – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: India will be worst-affected among the world’s major economies even after the pandemic wanes, with output 12% below pre-virus levels through the middle of the decade, according to Oxford Economics. Balance sheet stress that had been building before the coronavirus outbreak will probably worsen, Priyanka Kishore, head of economics for South […]

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PM Modi: India well on its way towards urban transformation | India Business News – Times of India

Share this…FacebookPinterestTwitterLinkedinTumblr NEW DELHI: Prime Minister Narendra Modi on Tuesday said that India provides great investment opportunities for the world and is moving towards urban transformation. Addressing the 3rd annual Bloomberg New Economy Forum, PM said: “India has exciting opportunities for investment in urbanisation, mobility, innovation and sustainable solutions. These opportunities come along with a […]

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