Sunday, 2 October, 2022
TopicIndia economy

Topic: India economy

India’s economy likely lost speed on Covid curbs before Ukraine war

Data due Tuesday is likely to show GDP in the year to March 2022 grew 8.7% from a year ago, slower than the 8.9% expansion projected by the Statistics Ministry three months ago.

Wider reopening from pandemic, strong demand takes India past inflation for now

RBI Governor Shaktikanta Das, who is due to lead a meeting of the policy panel next month, has signalled more tightening to keep inflation from denting household spending power.

Fitch Ratings cut India’s growth forecast to 10% from estimate of 12.8% for current fiscal

New Delhi: Fitch Ratings on Wednesday cut India's growth forecast to 10 per cent for the current fiscal, from 12.8 per cent estimated earlier,...

From worst, to best: Rupee becomes Asia’s top currency as India’s Covid crisis begins easing

The revival in the rupee’s fortunes reflects the country's efforts to tackle the pandemic, with local lockdowns helping to rein in daily cases which were the world’s highest in April.

India’s Covid crisis shows lack of foresight, complacency, says Raghuram Rajan

Former RBI governor Rajan says India’s relative success with first wave likely led to a sense that vaccines could be rolled out slowly, adds that the govt is now in 'emergency mode'.

IMF projects 12.5% growth rate for India in 2021, 6.9% in 2022

China, on the other hand which was the only major economy to have a positive growth rate of 2.3 per cent in 2020, is expected to grow by 8.6 per cent in 2021 and 5.6 per cent in 2022.

Indian economy grows by 0.4% in October-December quarter, official data shows

The GDP had expanded by 3.3% in the corresponding period of 2019-20, according to the data released by the National Statistical Office (NSO).

India expects V-shaped recovery, growth likely next year, Economic Affairs Secretary says

Tarun Bajaj, Secretary, Economic Affairs said advance tax collection numbers indicate contraction forecast for this year might not be as bad as anticipated.

Indian economy seen contracting 0.4% in 2020-21 under Covid impact, Bloomberg survey shows

Economic activity in India came to a virtual standstill after PM Modi ordered a lockdown starting March 25 to stem the spread of the coronavirus.

Coronavirus lockdown subdued ‘animal spirits’ of Indian economy in March

A sharp contraction in exports & decline in services sector activity weighed on the economy, with half of 8 high-frequency indicators showing weakness.

On Camera

YourTurn

Mohan Bhagwat

Mohan Bhagwat’s right — no word wounds Hindus like kafir does

In South Africa, the word kaffir, as the blacks were pejoratively called, has been outlawed. It's time India too bans 'kafir'.
A man counts Indian currency notes inside a shop in Mumbai, India | Reuters/Francis Mascarenhas

RBI tells state refiners to reduce dollar buying in spot market, contain sharp fall in rupee

RBI has ensured that $9 billion has been made available at overseas branches of some Indian banks for the country's three state-run refiners to tap, according to sources.

Defence

File photo of former Air Chief Marshal RKS Bhadauria after flying a MiG-21 of 51 Squadron at the Srinagar airbase | ANI

Famed IAF pilot Abhinandan Varthaman’s MiG-21 Squadron bows out from Srinagar today

Known as the ‘Sword Arms’, number-plating of the squadron was done Friday. It has made way for MiG-29s to be the new 'guardian of the Valley'.

India’s hijab supporters will lose even if they win SC battle. Because the real war is political

In a highly polarised time, cornered minorities tend to lean back and protect the roots and fundamentals of what is so dear to them. Politically, it can often be a bad trap.
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