Output of eight core industries shrank 0.8% in September – lowest since March, shows data

This was caused primarily due to the decline in production of cement, natural gas, refinery products and crude oil.

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· Oct 29, 2020 · 08:57 pm

Covid-19: RBI monetary policy panel member says it may take India’s GDP years to recover output

Michael Patra said that the coronavirus is reaching the interiors of India, and there was already fear of a second wave.

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· Oct 23, 2020 · 09:19 pm

Coronavirus: India at ‘doorstep of revival process’, says RBI chief Shaktikanta Das

Das said the government’s fiscal and RBI’s monetary policies were counter-cyclical and accommodative.

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· Oct 22, 2020 · 10:25 am

‘How to destroy an economy’: Rahul Gandhi shares data collated by economist to criticise Centre

Figures collated by economist Kaushik Basu projected India’s GDP to contract the most among 11 Asian nations, including China.

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· Oct 20, 2020 · 11:40 am

‘Cosmetic announcements’: Congress, CPI criticise Centre’s latest financial package

P Chidambaram said the package was just another ‘sly attempt’ to impress people with ‘exaggerated numbers’.

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· Oct 13, 2020 · 08:46 pm

India’s GDP likely to contract by 10.3% in 2020-’21, says IMF

The global financial body, however, predicted an 8.8% growth rate the next financial year.

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· Oct 13, 2020 · 07:22 pm

Consumer inflation increased to 7.34% in September – the highest since January

According to government data, food inflation in September was at 10.68% as against 9.05% in August.

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· Oct 12, 2020 · 06:29 pm

Centre announces travel cash vouchers, Rs 10,000 special festival advance for government employees

Finance Minister Nirmala Sitharaman said the pandemic has ‘adversely affected’ the Indian economy and consumer demands need to be boosted.

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· Oct 12, 2020 · 01:35 pm

RBI reschedules Monetary Policy Committee meeting set to begin from tomorrow; new dates soon

The bank did not provide a reason for rescheduling the key meeting.

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· Sep 28, 2020 · 05:19 pm

Indian economy will contract by 5.9% in 2020-’21, says United Nations

The UN said that though there will be a recovery the following year, the contraction will result in permanent loss of income.

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· Sep 23, 2020 · 02:25 pm

RBI governor says India’s economic recovery is likely to be gradual as coronavirus still rages

Shaktikanta Das said the GDP numbers for the first quarter of 2020-’21 are a telling reflection of how the coronavirus impacted the economy.

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· Sep 16, 2020 · 01:27 pm

Indian economy will contract by 9% in 2020-’21, says Asian Development Bank

However, the bank also predicted that the GDP will recover strongly to grow at 8% in 2021-’22.

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· Sep 15, 2020 · 11:36 am