New Delhi. A threat in the form of Omicron is again looming in the country, and it seems to have started affecting the country’s economy as well. The country’s gross ‘Goods and Service Tax (GST)’ collection, which was increasing continuously…
Tag: Economy
Industrial production up 11.9 percent in August
New Delhi. Good news has come for the government on the economy front. The country’s industrial production (IIP) grew by 11.9 per cent in August. Significantly, in August 2020, industrial production declined by 7.1 percent. The National Statistical Office (NSO)…
Good news for the economy, IMF estimates 9.5 percent growth rate this year
New Delhi. There is good news for the economy. The International Monetary Fund (IMF) has projected a growth rate of 9.5 per cent for India in 2021 and 8.5 per cent in 2022. The IMF said this in its latest…
Goldman Sachs cuts China’s growth forecast on power shortage and production cuts
New Delhi. In China, the world’s second largest economy, the impact of power shortage and declining production can affect the growth rate of its gross domestic product (GDP). Global securities and investment management company Goldman Sachs on Tuesday lowered its…
Economy will reach pre-Covid level by October-December quarter: Principal Economic Advisor
New Delhi. Principal Economic Adviser Sanjeev Sanyal today discussed in detail about the condition and future of the country’s economy. Sanjeev Sanyal said that if the third wave of Corona does not knock in the country, then by the October-December…
RBI’s initiative after 17 years, increased chances of getting permission to open new Urban Co-operative Bank
Mumbai. With the improvement in the situation of Corona, the country’s economy is also showing good progress. Inspired by these reforms and with the aim of accelerating the country’s economy, India’s largest bank Reserve Bank of India (RBI) has come…
Domestic trade lost to Kovid by Rs 6.25 lakh crore in April
New Delhi. The Confederation of All India Traders (CAT) has described domestic trade in the country as a loss of Rs 6.25 lakh crore in the month of April due to Corona epidemic. The central and state governments are also…
Traders square worried amid rising Corona cases, Sensex slips 1.99 percent
Mumbai | The impact of the Corona epidemic is being seen somewhere on the economy. The Indian equity markets witnessed a slump in the trading session on Monday afternoon, with new restrictions on movement to prevent the spread of the…
‘Economy may come down by 7.7 percent’
new Delhi. According to the government’s advance estimate, the Indian economy is expected to decline by 7.7% in the current financial year. According to the National Statistics Office (NSO) in the advance GDP estimates released on Thursday, the major reason…
Industrial production up 0.2% in September after 6 months
new Delhi. There are signs of improvement in the economy. The country’s industrial production has reached a positive range after 6 months. Industrial production has registered a growth of 0.2 per cent in September due to better performance of mining…