Indian economy will have double digit growth in 2021-22, says Niti Aayog vice-chairman: Report
New Delhi/IBNS: Indian economy will achieve a double digit growth in the current fiscal 2020-21,Niti Aayog Vice-Chairman Rajiv Kumar has said, adding that the country's disinvestment also looks better.
Stimulus helps Indian firms boost financial health post COVID-19 second wave
New Delhi: Unprecedented stimulus spending seems to be helping in the recovery of the financial health of Indian companies after a deadly second wave of the COVID-19 pandemic, media reports said.
India will remain second-fastest growing economy; expected to grow at 8.3%
The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April estimate by almost 2 per cent.
Indian Economy: Sensex falls by 31.12 pts
Mumbai/UNI: The BSE Sensex remained weak for the third straight session on Tuesday as it fell by 31.12 pts to settle at 50,363.96 as selling was seen in Bankex, Metal, Finance and Capital Goods stocks.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said that while the Union Budget 2021-22 provides for enhanced capital expenditure by the Government, it also envisages private sector participation in a big way.
Economic Survey rightly sees economy 'homecoming to normalcy': ASSOCHAM
Kolkata/IBNS: The Economic Survey presented in Parliament has hit the nail right on its head by stating that the Indian economy's ''homecoming'' to normalcy is leading to hopes of a robust recovery in services and consumption; emphasizing forcefully that the reforms must continue to realise the full growth potential, ASSOCHAM has said.
Economic Survey says overall inflation is expected to moderate
New York: The Economic Survey 2020-21 says that going forward, as food inflation eases further, overall inflation is expected to moderate.
New Delhi: India’s agricultural sector has shown its resilience amid the adversities of COVID-19 induced lockdowns.
India to grow at 11.5 pc in FY 21-22, predicts Economic Survey
New Delhi/UNI: India's gross domestic product will grow at 11.5 per cent in fiscal 2021-22, projects the Economic Survey 2020-21 that Finance Minister Nirmala Sitharaman tabled in Parliament on Friday.
Kolkata/IBNS: Union Minister of Law and Justice, Electronics and Information Technology and Communications Ravi Shankar Prasad on Friday stated that there is a robust future for the manufacturing of electronics and smartphone sector in India.
Kolkata/IBNS: The World Trade Organisation is an important institution for global trade and economy, but India's salvation lies in strengthening its domestic economy by attracting new investments by schemes like production-linked incentives, Commerce Secretary Dr Anup Wadhawan said at an EEPC-EXIM book release function Wednesday.
New Delhi/IBNS: Assuring '' vibrancy" in her forthcoming Budget, Union Finance Minister Nirmala Sitharaman Tuesday said the Government would ensure that public spending on infrastructure development would be sustained even as the prospects of vaccine against Covid-19 have brought in additional confidence for revival of the economy.
India has ability to become world’s number one economy in next 25 years: Piyush Goyal
Kolkata/UNI: With the capabilities of India’s business people, entrepreneurs, start-ups, skilled manpower, the country has the ability to become world’s number one economy in the next 25 years, said Piyush Goyal, Minister of Railways, Commerce and Industry & Consumer Affairs, Food and Public Distribution, on Tuesday.
Indian economy will be among top economies in the world: NITI Aayog Vice Chairman
New Delhi: Vice-Chairman, NITI Aayog, Dr. Rajiv Kumar, emphasised that the Indian economy will be among the top economies in the world in the next few years using science, technology, and innovation in all sectors, bouncing back soon from the after effects of COVID 19, at a webinar organized to celebrate 50 years of the Department of Science and Technology (DST) recently.
Govt allocates Rs 900 crore for r & d of Covid-19 vaccine
New Delhi/IBNS: Finance Minister Nirmala Sitharaman on Thursday announced Rs 900 crore for research and development for Covid-19 while also assuring that the funds will be allocated for the cost of vaccine and logistics as per requirement.