India’s exports in April jumped nearly three-folds to USD 30.21 billion from USD 10.17 billion in the same month last year, according to commerce ministry’s preliminary data released on Sunday. Imports too rose to USD 45.45 billion last month as against USD 17.09 billion in April 2020. “India is thus a net importer in April … Read more
Organization for Economic Co-operation and Development (OECD) interim economic outlook has pegged India’s gross domestic product (GDP) growth to rebound to 12.6% in FY22, which will be the fastest in the world, followed by China at 7.8% growth. India’s GDP is expected to grow at 5.4% in the following financial year, owing to faster rebound … Read more
The Economic Survey 2020-21 tabled today acknowledged the role of infrastructure as the foundation of growth of the country in no uncertain terms. The importance of basic infrastructure facilities can never be overstated, the survey noted. “In the absence of adequate infrastructure, the economy operates at a suboptimal level,” it said. Just putting in money … Read more
The economic outlook has improved with the Q2 gross domestic product (GDP) print, which indicates faster normalisation of the activities during the quarter with a stronger than expected pickup. Overall, India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent. … Read more
By Partha Chatterjee That the Indian economy is in bad shape was known, the extent was revealed by the announcement that Indian GDP contracted by 23.9% in Q1 of FY 2020-21. The impact is being felt by every segment, across the length and the breadth of the country. However, the most impacted are probably the … Read more
NEW DELHI: India’s economy may have contracted by as much as a fourth in the June quarter because of Covid-19 and the lockdown that ensued, according to a poll of 11 economists conducted by ET. They warned that a recovery may take a while as the virus spreads and infection numbers rise, prompting further localised … Read more