India has denounced attempts to link climate issues to economic recovery amid the coronavirus pandemic at the forthcoming G20 talks, saying it will impose a huge developmental cost on developing countries. The US administration has been pushing for a strong climate agenda as part of the process of recovery from the pandemic. According to a […]
The second wave of Covid infections poses a risk to India’s economic growth, but the impact will be less severe than last year, a Moody’s report said on Tuesday. It added that a focus on “micro containment” zones to deal with the current wave of infections, as opposed to a nationwide lockdown, would mitigate the economic […]
The International Monetary Fund (IMF) projected a stronger recovery for the global economy in its latest World Economic Outlook, but said the future was still daunting as the world still faces extreme social and economic strain one year into the Covid-19 pandemic. “We are now projecting a stronger recovery for the global economy compared with our […]
China has set a GDP growth target for 2021 of “above 6%,” below the market consensus of 7%-9%, indicating that stable economic growth, deleveraging and decarbonizing of the economy will be priorities for the year, rather than maintaining high GDP growth, which is set to adversely impact infrastructure and property steel demand, as well as […]
The Reserve Bank of India (RBI) projected the country’s economic growth rate at 10.5% for the next financial year starting April 1, predicting a rebound following a year of contraction in the wake of the Covid-19 pandemic. The central bank had estimated the economic growth during the current financial year at -7.5%. India was the […]
India’s economy is expected to contract by 7.7% during the financing year ending March 31, despite a sharp rebound seen in the second half of the year following a contraction of 15.7% in the first half, according to the annual Economic Survey. It estimated the contraction in the second half of the fiscal year at […]
The Reserve Bank of India on Friday decided to keep the repo rate unchanged at 4% while pledging to keep its accommodative monetary stance unchanged for as long as necessary to cope with covid’s impact. The reverse repo rate was also kept at the the current leve of 3.35%. It noted that tbe global economy […]
The Indian economy shrunk for the second straight quarter — three months to September — technically entering into recession for the first time, but the rate of contraction was slower than anticipated raising hopes for a quick revival. According to a government statement, the gross domestic product (GDP) fell 7.5 percent from a year ago […]
India’s latest round of stimulus measures shifted focus back to longer-term growth by focusing on manufacturing and job creation, global rating agency Moody’s said, as it predicted a 10.6% contraction in the country’s real GDP in FY21, against a 11.5% drop forecast earlier. India’s economy has started to heal as is evident by a significant […]
India’s GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal with two successive quarters of negative growth due to the COVID-19 pandemic, as per an RBI official reported by the Press Trust […]
