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Indian economy to see ‘substantial slack’ in FY22 despite growth: RBI

Indian economy to see ‘substantial slack’ in FY22 despite growth: RBI

🕔07:27, 16.Jul 2021

Mumbai, July 16  Although the Indian economy is poised to recover and witness positive growth in the current fiscal, the Reserve Bank of India (RBI) has said that there will be “substantial slack” in it. The RBI Bulletin for July

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High GST collection shows resilience of Indian economy: Anurag Thakur

High GST collection shows resilience of Indian economy: Anurag Thakur

🕔15:41, 1.Jul 2021

New Delhi, July 1  Minister of State for Finance and Corporate Affairs Anurag Thakur said that the record high GST collections in the past few months despite the pandemic show India’s economic resilience and the sincerity of businesses towards nation

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Full recovery of Indian economy likely only by Q3FY22: Brickwork

Full recovery of Indian economy likely only by Q3FY22: Brickwork

🕔16:01, 11.Jun 2021

New Delhi, June 11  As the second wave of Covid-19 and the resultant lockdowns have severely impacted the livelihoods and the economy, a report by Brickwork Ratings said that in the current situation full recovery of the economy may become

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As India battles Covid, World Bank forecasts growth at 8.3%

As India battles Covid, World Bank forecasts growth at 8.3%

🕔07:53, 9.Jun 2021

United Nations, June 9  The World Bank has forecast that the Indian economy would grow by 8.3 per cent during the current fiscal year, an increase of nearly 3 per cent from its January projection, but lower than the April

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India’s last mile delivery to become $6B profitable market by 2024

India’s last mile delivery to become $6B profitable market by 2024

🕔11:17, 31.May 2021

New Delhi, May 31  India’s last mile delivery market is set to touch a market size of $6-7 billion by 2024, moving in a similar direction to markets like China and the US where the penetration has reached more than

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GDP still likely to grow in double digits during 2021: Moody’s

GDP still likely to grow in double digits during 2021: Moody’s

🕔06:17, 14.Apr 2021

Mumbai, April 14  Impact on India’s economic activity is expected to be less severe than that seen in 2020 due to the focus on “micro-containment zones” to deal with the current wave of Covid infections as opposed to a nationwide

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Most economies won’t return to pre-pandemic levels until 2022: Moody’s

Most economies won’t return to pre-pandemic levels until 2022: Moody’s

🕔13:49, 11.Mar 2021

New Delhi, March 11  Although businesses and economic activities around the world have resumed post the pandemic-related lockdowns, most countries are unlikely to return to their pre-pandemic activity levels until 2022, a report by Moody’s Investors Service said. As per

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Sharper contraction of India’s GDP expected in FY21

Sharper contraction of India’s GDP expected in FY21

🕔07:16, 11.Feb 2021

New Delhi, Feb 11  The Indian economy is likely to witness a sharper contraction in the current fiscal as the Global Economic Conditions Survey shows that it is likely to contract by around 10 per cent, higher than the official

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NE will work as ‘new engine’ for post Covid economy: DoNER Minister

NE will work as ‘new engine’ for post Covid economy: DoNER Minister

🕔11:52, 20.Dec 2020

New Delhi, Dec 20  Union DoNER Minister Jitendra Singh on Saturday assured that the northeastern region will emerge as a favourite tourist and trade destination in India in the post-Covid era and will work as a new engine of growth

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Indian economy exhibited stronger pick up than expected: RBI Guv

Indian economy exhibited stronger pick up than expected: RBI Guv

🕔19:23, 26.Nov 2020

Mumbai, Nov 26  The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday. Addressing the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI),

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Indian economy exhibited stronger pick up than expected : RBI Governor

Indian economy exhibited stronger pick up than expected : RBI Governor

🕔16:31, 26.Nov 2020

Mumbai, Nov 26 (IANS) The Indian economy has exhibited stronger pick up in momentum of recovery than expected, said Reserve Bank of India Governor Shaktikanta Das on Thursday. Addressing the 4th Annual Day of Foreign Exchange Dealers’ Association of India (FEDAI),

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Centre to soon announce another round of stimulus: Official

Centre to soon announce another round of stimulus: Official

🕔07:04, 4.Nov 2020

New Delhi, Nov 4  The Finance Ministry will soon come up with a fresh round of economic stimulus, Economic Affairs Secretary Tarun Bajaj said on Tuesday. Addressing the media here, he said that the Department of Finance has received suggestions

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Centre open to further economic stimulus: Econ Affairs Secy

Centre open to further economic stimulus: Econ Affairs Secy

🕔06:58, 22.Oct 2020

New Delhi, Oct 22  Days after Finance Minister Nirmala Sitharaman indicated that a further economic stimulus is not off the table, Secretary, Economic Affairs, Tarun Bajaj on Wednesday said the Centre is open for further measures to boost the economy.

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Focus on reforms will help economy bounce back: CII President Uday Kotak

Focus on reforms will help economy bounce back: CII President Uday Kotak

🕔09:17, 8.Oct 2020

New Delhi, Oct 8 Continued focus on reform measures ushered in by the government even as the country faces one of its toughest crises during the pandemic, will trigger a faster recovery of the economy with the industry reposing confidence of

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Economies across the globe witnessed Covid-led contraction

Economies across the globe witnessed Covid-led contraction

🕔08:12, 1.Sep 2020

New Delhi, Sept 01  While India reported a contraction of 23.9 per cent in the first quarter GDP, the economies across the globe also witnessed a contraction, replicating a negative trend. Here is a look at the global economies. The

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India Inc on fund raising spree amid Covid, garners Rs 3.46 lakh cr

India Inc on fund raising spree amid Covid, garners Rs 3.46 lakh cr

🕔07:21, 1.Sep 2020

New Delhi, Sept 01  In the midst of a difficult economic environment caused by the Covid-19 pandemic, India Inc has raised a massive Rs 3.46 lakh crore in the five months between April and August. An analysis by Antique Stock

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India’s monetary and fiscal frameworks need recasting: EY

India’s monetary and fiscal frameworks need recasting: EY

🕔18:16, 29.Aug 2020

New Delhi [India], August 29 — India’s monetary and fiscal frameworks are marked with several inconsistencies and certain structures need to be recast to pace up the growth, global consultancy firm Ernst & Young (EY) has said. On a positive

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Banks see meaningful credit growth recovery only after 18 months

Banks see meaningful credit growth recovery only after 18 months

🕔17:30, 25.Aug 2020

New Delhi, Aug 25  Even though the unlock phases have kickstarted economic activities in various sectors, most banks believe that meaningful credit growth recovery is likely only after 18 months, while near-term uncertainty on asset quality remains, brokerages tracking the

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World Bank may project steeper contraction of Indian economy for FY21

World Bank may project steeper contraction of Indian economy for FY21

🕔17:59, 19.Aug 2020

New Delhi, Aug 19 As coronavirus cases continue to surge in India, restricting several economic activities, the World Bank may project a steeper contraction of the Indian economy for the current financial year, revised from the previous estimate of 3.2 per

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Single window clearance system for industry soon: Goyal

Single window clearance system for industry soon: Goyal

🕔07:10, 28.Jul 2020

New Delhi, July 28  The government will soon set up a single window system for clearances and approvals for industries in the country, Commerce and Industry Minister Piyush Goyal said on Monday. In an interaction with sovereign wealth funds, foreign

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