In India, corona-Virus disaster has left deep scars on country’s economy as a surge in people losing their jobs and defaulting on debt suggest a more halting recovery. According to Economists, government is sticking with a forecast that the economy will grow 10.5% in fiscal year that started ...

Economy experts say that India's already fragile economy is declining day by day under Modi regime amid Corona pandemic. Talking to Indian Media, Centre for Monitoring Indian Economy Chief Mahesh Vyas expressed his deep concern about the situation and revealed that India has lost over 22 million ...

NEW DELHI – India’s economy is on a sharp decline with its gross domestic product (GDP) shrinking by at least 7.7%, lowest since 1952. According to economists surveyed by Bloomberg, the decline in GDP for the year ending in March 2021 will be steeper than the 7.5% drop forecast by the Reserve ...

NEW DELHI: India’s federal fiscal deficit in the five months to end August stood at 8.7 trillion rupees ($117.98 billion), or 109.3pc of the budgeted target for the current fiscal year, government data showed on Wednesday. Net tax receipts were 2.84 trillion rupees, while total expenditure ...

NEW DELHI: India posted a trade deficit of $6.77 billion in goods in August, data released by the government showed on Tuesday. Merchandise imports contracted 26.04pc in August to $29.47 billion from a year ago while exports fell 12.66pc to $22.70 billion, data released by the Ministry of ...

NEW DELHI: India’s economy is projected to contract 11.8pc on the year in the current fiscal year beginning from April, before bouncing back in the next fiscal year, India Ratings and Research, a domestic arm of ratings agency Fitch, said on Tuesday. “All indicators, be it mobility or ...

ISLAMABAD-The IMF on Wednesday projected a sharp contraction of 4.5 per cent for the Indian economy in 2020, a "historic low," citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities, but said the country is expected to bounce back in 2021 with a robust six per ...

*New Delhi: **Indian economy faces yet another blow under BJP government.* The Indian economy grew at 4.7 per cent in the third quarter of fiscal year 2019-20, lower than the revised 5.1 per cent in the second quarter and 5.6 per cent in the first quarter, in an indication that the recovery of ...

MUMBAI: The Indian government will be releasing its budget for 2020 on Saturday, facing stuttering growth and a record unemployment rate, with a jump in inflation that has further widened India's wealth gap. A botched nationwide tax rollout, the 2016 shock cash ban, and a sharp liquidity crunch ...

NEW DELHI: Indian economy faces the worst blow of last 4 years. India’s retail price inflation in November jumped to a 40-month high on higher food prices, reducing the likelihood of the central bank cutting interest rates in the next policy meeting in February. Food inflation rose sharply as ...