India's rate cut cycle is over, for now, say experts
The predominant view of the market is that if the economy recovers faster than what was projected earlier, then RBI may not tinker with rates given the price pressure.
India’s industrial production up by 2.8% in October: Morgan Stanley
Indian economy saw a fall in its gross domestic product (GDP) in two cons...
Industry, experts say RBI's status quo on policy rates to aid economic recovery
"There has been a substantial upgrade to the overall growth f...
India's GDP 11 times more than Bangladesh in PPP terms: Government sources
In 2019, India's GDP in Purchasing Power Parity (PPP) terms was 11 times more than that of Bangladesh while population was eight times more. In PPP terms, India's per capita GDP in 2020 is estimated by IMF at USD 6,284 as compared to USD 5,139 for Bangladesh, according to the sources.
RBI projects 6.8 per cent retail inflation in December quarter
RBI Governor Shaktikanta Das said the Monetary Policy Committee (MPC) is of the view that inflation is likely to remain elevated, barring transient relief in the winter months from prices of perishables.
Bangladesh is about to beat India in regional per capita GDP sweepstakes
In per capita GDP terms, India was significantly above Bangladesh till a few years ago, but the gap has been substantially closed owing to the country's rapidly-rising exports. Besides, during the intervening period, while India's savings and investments remained lukewarm, the corresponding numbers for Bangladesh saw a sizeable surge.
Indian economy is gradually recovering: IMF
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 and held out hopes for further improvement on better consumer demand. "India has indeed been severely affected by the pandemic but is gradually recovering," IMF chief spokesperson Gerry Rice said.
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Economic activity is slowing down after phase of quick recovery, Nomura data shows
The index has recorded a downtrend after a post-lockdown high of 82.3 in mid-September. The tracker was at 82.9 in the week ended March 22 before a drastic fall to 44.7 in April.
High foreign exchange reserves, strong stock market indicate recovery in coming months: PHD Chamber of Commerce and Industry
As per a report by PHDCCI, some indicators show that India could be on a recovery path. High foreign exchange reserves, strong stock market, improvement in employment scenario indicate that recovery to become stronger in the coming months, it said.
Service activity expands for the second straight month; employment up for first time in 9 months
Asia's third-largest economy, which fell into recession last quarter for the first time since at least 2012, is expected to recover only modestly early next year and won't reach pre-COVID-19 levels any time soon.
Festive season supports India Inc’s return to normalcy: ICRA
As per an analysis by the ratings firm, after the unprecedented sharp degree of contraction in Q1 FY2021 due to the lockdown, pace of revenue contraction reduced to 6.5% at the end of September from 32.6% in the first quarter.
India Inc on gradual recovery path, most sectors intend to ramp up hiring: Report
Moreover, a comprehensive study analyzing hiring intent across different sectors, cities and hierarchies noted that the overall intent to hire seems to be moving in upward direction. The intent to hire has registered a 3 per cent jump, it said.
Covid-19 crisis to inflict massive downward pressure on wages in the near future: ILO
The Global Wage Report 2020/21, released on Wednesday, also said the wages of women and low-paid workers have been disproportionately affected by the crisis. The report looks at wage trends in 136 countries in the four years preceding the pandemic.
The worst is behind us; India's GDP growth will turn positive in Q4, says Deepak Parekh
"Based on a series of high frequency data, there is a distinct trend of sequential month-on-month improvement. There is a lot of catch up required but suffice to say that worst is behind us," he said at a virtual conference organised by the Canada-India Business Council.