While acknowledging that present situation has become far more difficult than it was in past due to rising coronavirus infections, Kumar remained hopeful that India's economy will grow 11 per cent in current fiscal ending March 31, 2022.
IMF MD Georgieva said this is adding to exceptional and coordinated actions taken over the past year.
The Indian Railways has rolled out the first prototype Linke Hofmann Busch (LHB) AC three-tier economy class coach.
Japan's economy surged in the fourth quarter of 2020 but it was not enough to keep the world's third-largest economy away from negative growth for the year as the economy shrank 4.8 percent due to Covid-triggered crises -- the first contraction since 2009.
Key equity indices see-sawed between gains and losses on Wednesday and closed in the red zone as investors turned cautious over the sustainability of a recent risk rally.
Equity benchmark indices closed over one per cent higher on Monday amid upbeat news on corporate earnings, economic data and updates on vaccination drive.
Equity benchmark indices dipped marginally during early hours on Thursday amid mixed global cues with Nifty private bank lowering by 1.2 per cent.
There was no big bang increase in the overall defence budget, but India did spend an additional unbudgeted Rs 20,776 crore on emergency arms procurements in the current fiscal in face of China's ongoing belligerence on the northern border, especially in Eastern Ladakh.
India's GDP is within the striking distance of attaining positive growth, the Reserve Bank said observing that the letter "V" in the V-shaped recovery stands for the vaccine.
Passenger vehicle wholesales in India increased 13.59 per cent to 2,52,998 units last month on a very low sales base of December 2019, auto industry body SIAM said on Thursday. Passenger vehicle sales in December 2019 stood at 2,22,728 units.
India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday.
The covid-19 induced turmoil showed weakness as well as resilience of India's economy in 2020, as the country's GDP recorded abysmal fall and breathtaking recovery.
Prime Minister Narendra Modi on Saturday said that recovery is faster than expected and economic indicators are encouraging.
The GDP at constant (2011-12) prices in Q2 of 2020-21 is estimated at Rs 33.14 lakh crore.
Addressing a joint press conference in the national capital on November 12, Union Finance Minister Nirmala Sitharaman spoke about predictions on Indian economy's trajectory in coming days.
Department of Economic Affairs Secretary Tarun Bajaj said that India's economy is moving much faster than it was anticipated by economists.
Finance Secretary Ajay Bhushan Pandey said that the economy has almost reached pre-COVID level in most sectors and also said that COVID-19 pandemic has not ended yet but signs of recovery (of the economy) can be seen.
Ficci President Sangita Reddy on Sunday said India's strategy of dealing with the COVID-19 crisis has paid off and the country's economy is set to bounce back and emerge stronger.
Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal.
The government is preparing for a second stimulus package as country is exiting from the lockdown amid signs that the pr day coronavirus cases are also falling, Reuters quoted a finance ministry official saying.
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