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Govt to study Covid data to decide on economic intervention
Sanjeev Sanyal made the statement amid criticism of the government for its alleged poor planning which led to hardship to people and the economy
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S&P cuts India’s FY22 growth forecast to 9.5%
GDP growth in the current FY was estimated to be in double digits initially, but second Covid wave has led to various agencies cut growth projections
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Moody’s cuts India growth forecast for 2021 to 9.6%
Indian economy contracted by 7.3 per cent in fiscal 2020-21 as the country battled the first wave of Covid, as against a 4 per cent growth in 2019-20
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Economy recovery tracker up for the fifth consecutive week: QuantEco
There is a gradual but steady decline in the CMIE unemployment index mirroring expanding economic activity
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'Market rally despite falling GDP poses fin stability risk'
It can be noted that in the past, the Reserve Bank has also expressed risks of financial stability because of the fast growth in stock markets
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Is $600 billion forex reserve adequate for Indian economy?
Though higher reserves help in cushioning domestic economy from external shocks, we must be mindful of the opportunity costs associated with them
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Indications of revival in economic activity: Survey
About 60% of 212 companies, which participated in the survey, said there was a high impact on their businesses due to the state-level lockdowns
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Need calibrated steps to support economic recovery: PHDCCI
Trade and industry have to be rejuvenated for achieving a high economic growth trajectory in 2021-22, PHDCCI President Sanjay Aggarwal said
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India receives $64 billion FDI in 2020: UN
The report noted that the second wave of the Covid-19 outbreak in India weighs heavily on the country’s overall economic activities
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Government open to more measures to boost economy: CEA KV Subramanian
According to an assessment by the Reserve Bank of India, the second wave has cost the nation about Rs 2 lakh crore in terms of output lost
