PM Modi reviews impact of Covid-19 on economy

PM Modi on Thursday reviewed the impact of Covid-19 on the Indian economy and a possible second stimulus to boost sectors hit hard by the pandemic. Modi held discussions with…

‘India’s GDP may dip to 1.6% in FY21’

India’s GDP growth is estimated to plunge to 1.6% for fiscal year 2021 due to the impact of the Covid-19 pandemic, down from the earlier projection of 3.3%, Goldman Sachs…

S&P sees GDP growth slowing to 5.2% in 2020

Global ratings agency S&P on Wednesday lowered India’s GDP (gross domestic product) growth forecast for 2020 to 5.2% from the earlier 5.7% against the backdrop of the Covid 19 outbreak.

Current account deficit narrows to $1.4bn

The country’s current account deficit (CAD) narrowed sharply to $1.4 billion, or 0.2 per cent of GDP (gross domestic product), for the December 2019 quarter, the Reserve Bank of India…

Coronavirus may impact Q4 GDP by 0.2%: Report

The coronavirus epidemic can impact India’s March quarter GDP (gross domestic product) growth by 0.20 per cent as imports from China for crucial sectors have got affected, a foreign brokerage…

Economy not in recession: Anurag Thakur

In a written reply to a question in the Lok Sabha, minister of state for finance Anurag Thakur said that according to the IMF (International Monetary Fund) estimates, India continues…