India's IIP grows 11.9 per cent in August, shows improvement
New Delhi: The Index of Industrial Production (IIP) rose 11.9 per cent year-on-year in August, 2021 as compared to 11.5 per cent in July showing economic recovery on firm footing post the deadly second wave of pandemic.
No relief in sight from high fuel prices, FM Nirmala Sitharaman blames UPA-era oil bonds for it
New Delhi/UNI: There seems to be no relief in sight for consumers feeling the heat of higher fuel prices with the government insisting that it has to pay dues on account of oil bonds issued during UPA era to keep diesel and petrol prices in check.
Policy reforms in last one and half years driven by hope: Govt's Chief Economic Advisor
Kolkata/IBNS: Government choices are clearly driven by hope at a time when the economy is coming back to normal, according to Government of India’s Chief Economic Advisor Dr. Krishnamurthy Subramanian.
IMF cuts India growth to 9.5%, but it remains fastest-growing large economy
New Delhi: The COVID-19 second wave has shaved off 3 per cent from the International Monetary Fund's (IMF) previous projection for India's economic growth for this fiscal year, pegging it now at 9.5 per cent, but the country still remains the world's fastest-growing large economy.
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.