FDI up 15% to $30 billion during April-September 2020: Government data
Sectors which attracted maximum foreign inflows during April-September 2020-21 included computer software and hardware (USD 17.55 billion), services (USD 2.25 billion), trading (USD 949 billion), chemicals (USD 437 million) and automobile (USD 417 million).
ET View: Q2 GDP suggests stronger-than-expected recovery in economic output
As the recovery gathers momentum and Corona-virus infections show...
Indian economy probably picked up in September quarter as hopes grow for vaccine: Poll
Economists have marginally raised forecasts this month...
Business optimism for October-December quarter rises 57%: Survey
The Dun & Bradstreet Composite Business Optimism Index stood at 46.2 for October-December 2020, registering an increase of 57.4 per cent as compared to the third quarter.
Economy improving fast, growth to turn positive in Q3, Q4 of FY21: Ashima Goyal
Goyal in an interview to PTI said the management of the COVID-19 pandemic and gradual unlocks announced by the government have helped in avoiding multiple COVID-19 peaks. The growth estimates by different agencies are being continuously revised, she said.
India's energy growth set to be back after Covid impact reduces: Report
India has manged to increase integration of renewable energy and focus on improving energy efficiency in the past that is set to benefit the country, the report by Srinivasa Rao Patnana, Partner, IGH, KPMG India said.
India's business activity hits another post-lockdown high but pandemic revival a key risk: Nomura
The Nomura India Business Resumption Index (NIBRI) touched 87.1 for the week ended November 22, against 84.4 of the previous week, which was revised downward from 85.3, the firm said in a note on Monday. The jump in the weekly tracker of indicators of business activity was mobility-driven, led by a sharp rise in the Apple driving index, the note said.
October spike unlikely to trigger upgrade in growth forecasts
Experts view the recent pick up in the economy as a blip that is likely to subside after riding out the wave of festive demand, stating it was too early to term it as a broad-based recovery.
Indian economy to start showing strong growth from April next year: Morgan Stanley
“We maintain a constructive view on the economy and expect the growth recovery to gain strength from 2Q21,” the Insight: 2021 Global Macro Outlook report said. The report said that the growth would be accompanied with inflation under control.
Over 90% businesses adversely impacted by Covid pandemic, recovery expected by end of 2022: Survey
Majority (92%) of the respondents reported that their businesses are adversely impacted by the pandemic. An almost identical percentage of respondents expect recovery in their businesses by the end of 2022.
GDP contraction likely to have narrowed to 9.5 per cent in September quarter: Icra
In a report on Thursday, rating agency Icra said the Year-on-Year (YoY) contraction in Indian GDP (at constant 2011-12 prices) is estimated to have narrowed appreciably to 9.5 per cent in Q2 FY2021 from 23.9 per cent in Q1 FY2021, as the economy recovered from the lows of the pandemic-induced lockdown.
India's October factory growth at decade high as demand bounces back
Asia's third-largest economy is healing after shrinking a record 23.9% in the April-June quarter. The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, rose to 58.9 in October from September's 56.8.
September eight core industries growth at -0.8% vs -7.3% in August
Output at infrastructure industries shrank 8.5% in August from a year ago and was slightly worse than the revised 8% decline in July. The sector, which makes up 40% of the industrial production index, had contracted by a record 37.9% in April.
IIP grows at 0.2% in September, enters positive territory after a six-month contraction
The swift recovery is supported by a turnaround in the core sector output which contracted at it slowest pace this fiscal at 0.8%.
India in historic technical recession, signals RBI in its first-ever nowcast
Gross domestic product contracted 8.6% in the quarter ended September, the Reserve Bank of India showed in its first ever published ‘nowcast,’ which is an estimate based on high-frequency data. The economy had slumped about 24% in April to June.