NEW DELHI: Expectations that the country’s GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said on Saturday. It said out of the 10 indicators of QET (Quick Economic Trends) of economic and business … Read more
The positive story of the rural sector has softened the pandemic-induced blow to the economy so far, said economists, but the “only silver lining” in the ongoing fiscal year is unlikely to move the needle any further. While improvements in rural demand will increase the sector’s share in quarterly figures of gross domestic product, those … Read more
By shifting to a ‘full potential’ trajectory starting in 2022, over the subsequent decade, we can pull ourselves out of this mess — made messier by a pandemic — by the bootstraps Synopsis Recreating growth in the medium term is likely to come from sectoral strategies across 10 key sectors constituting most of India’s GDP. … Read more
Factory output contraction slowed further in the month of June as the economy gradually began opening up. The Index of Industrial Production contracted by 16.6 per cent in June compared to a 33.9 per cent contraction seen in the month of May when restrictions had started easing. The slowing of contraction is in line with … Read more