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Economy

Govt appoints three members on RBI's monetary policy panel

Economy

06 October, 2020

Govt appoints three members on RBI's monetary policy panel

The Indian government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank’s monetary policy ......

RBI likely to keep rates on hold, defers monetary policy meeting

Economy

28 September, 2020

RBI likely to keep rates on hold, defers monetary policy meeting

The Reserve Bank of India is expected to keep key rates unchanged at its upcoming monetary policy review, but may ......

India's recovery not entrenched, will only be gradual: RBI chief

Economy

16 September, 2020

India's recovery not entrenched, will only be gradual: RBI chief

Some high frequency indicators are pointing towards stabilisation in economic activity in India but the recovery is still not entrenched ......

‘Developing Asia' to shrink for first time in nearly six decades: ADB

Economy

15 September, 2020

‘Developing Asia' to shrink for first time in nearly six decades: ADB

The coronavirus pandemic will cause economic output in "developing Asia" to shrink for the first time in nearly six decades ......

S&P expects India's economy to contract 9% in FY21

Economy

14 September, 2020

S&P expects India's economy to contract 9% in FY21

S&P Global Ratings said on Monday that it was expecting India's economy to shrink by 9% in the fiscal year ......

Govt likely to borrow more to tide over revenue shortfall

Economy

10 September, 2020

Govt likely to borrow more to tide over revenue shortfall

Revenue shortfalls in India, the major economy hardest hit by the coronavirus pandemic, are likely to force the government to ......

Indian economy projected to contract 11.8% in FY21: Fitch arm

Economy

08 September, 2020

Indian economy projected to contract 11.8% in FY21: Fitch arm

India's economy is projected to contract 11.8% on the year in the current fiscal year beginning from April, before bouncing ......

India's services activity shrinks for sixth month in August, job losses mount

Economy

03 September, 2020

India's services activity shrinks for sixth month in August, job losses mount

Activity in India's crippled services industry fell for a sixth straight month in August as coronavirus restrictions continued to hurt ......

Indian economy shrinks record 23.9% in April-June quarter

Economy

31 August, 2020

Indian economy shrinks record 23.9% in April-June quarter

India's economy contracted at its steepest pace on record of 23.9% in the June quarter as the pandemic lockdown cut ......

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

Economy

31 August, 2020

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

India's federal fiscal deficit in the four months to end July stood at 8.21 trillion rupees ($111.7 billion), or 103.1% ......