Second quarter GDP numbers to be released today
Business | November 30, 2021 11:44 ISTIndia Ratings said that the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.
India Ratings said that the economy to grow 8.3 per cent in Q2 and close the year with 9.4 per cent in FY'22, which is 10 bps lower than the consensus forecast.
Prime Minister Narendra Modi said banks have to now adopt a partnership model to help businesses thrive and move away from the idea of being a loan approver to a loan applicant.
I firmly believe that India has the potential to grow at a reasonably high pace in the post-pandemic scenario, said Reserve Bank of India Governor Shaktikanta Das.
Chouhan pointed out that the BJP government in MP has created several cowsheds or 'gaushalas' in MP.
The Economic Survey 2020-21, released in January this year, had projected GDP growth of 11 per cent during the current financial year ending March 2022.
Reserve Bank Governor Shaktikanta Das said that there is a need to improve the quality and depth of audit as it instils confidence among citizens.
On Air India privatisation, minister Hardeep Puri said given the fact that both the bids were higher than the reserved price, only proved that Air India was a first-rate asset.
FM Sitharaman said much before 2nd Covid wave struck, her govt had extended a stimulus and was waiting for the economy to revive.
Finance Minister Nirmala Sitharaman has emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
Low base effect, along with a rise in demand, pushed India's industrial output higher by 11.9 per cent in August, on a year-on-year basis.
India’s growth projection released by the latest World Economic Outlook remains unchanged from its previous WEO (World Economic Outlook) update of July this summer but is a three-percentage point in 2021 and 1.6 percentage point drop from its April projections.
During the current fiscal, CEA KV Subramanian said that growth would be in double-digits and it could moderate to 6.5 - 7 per cent in the next financial year.
During the first half, the government has raised Rs 7.02 lakh crore by issuing bonds, the finance ministry said in a statement.
The Indian economy grew by a record 20.1 per cent in the April-June quarter, helped by a very weak base of last year and a sharp rebound in the manufacturing and services sectors in spite of a devastating second wave of COVID-19 case.
The UN report said that India suffered a contraction of 7 per cent in 2020 and is expected to grow 7.2 per cent in 2021.
Union Finance Minister Nirmala Sitharaman on Thursday said that the government is "ready to do everything required" to revive and support economic growth.
"In just the first six months of 2021, India has been to see 15 more unicorns," Piyush Goyal said.
SBI Ecowrap report has suggested that the space for monetary accommodation is over, and the Reserve Bank of India (RBI) will face multiple challenges in terms of boosting India's growth rate.
National Conference (NC) vice president Omar Abdullah on Monday said the economy of Jammu and Kashmir is on the “brink of collapse” as every sector in the union territory has suffered losses in the last two years
The Union Minister said that in the recent past, due to the rapid rise in COVID-19 cases, industrial production was severely impacted due to lockdowns, non-availability of oxygen, migration of workers, and the spread of the Coronavirus amongst the workforce.
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