Multiple estimates by multilateral institutions show the COVID-19 pandemic will hit India the hardest by sending 40 million people into \"extreme poverty\", worsen hunger and income inequality, and yet the government seems oblivious with no data, no estimation or policy response

Rebound in gross domestic product followed a 31.4% rate of contraction in the second quarter, the deepest since the government started keeping records in 1947

L&T Q2 results: The company recorded consolidated gross revenues of Rs 31,035 crore compared to Rs 35,328.45 crore in the year ago period, declining by 12 per cent YoY due to the lingering impact of the coronavirus pandemic during the quarter under review

The recovery in GST e-way bills, electricity, petrol and diesel in September 2020 provides a meaningful pointer to a broader economic revival, ICRA said in its monthly economic review for September

A study by two multinational giants UBS and PwC says \"huge fiscal and quantitative easing packages\" given by governments around the world drove a V-shaped recovery of stock markets and billionaires' wealth surged to $10.2 trillion by the end of July 2020

IMF Chief Economist Gita Gopinath talks about the state of Indian and world economies in the age of Covid-19 and the road ahead. Explaining IMF's growth forecast for India. she throws light on what one can expect from the next quarter. This is the second downgrade for India by the IMF after it reversed its forecast of 1.9% growth in April to a 4.5% contraction in June for 2020-21. Watch the full interview.Also Read: Online furniture segment sees sudden spurt in growth post COVID-19

The consumer confidence index (based on the current situation) recorded its third successive all-time low of 49.9 in September as compared to 53.8 in July and 63.7 in May, shows RBI survey

The RBI's decision broadly mirrors the stance adopted by a number of central banks in advanced economies (AE), while it diverges considerably from those of emerging market economies (EMEs) that continued to cut rates through Q2 and Q3 of 2020

US GDP plunged at a 31.4 per cent annualised rate in April-June quarter, a slight change from 31.7 per cent drop estimated a month ago. It is more than three times larger than the fall of 10% in first quarter of 1958 when Dwight Eisenhower was US president

The current account surplus surged to $19.8 billion or 3.9 per cent of GDP in the April-June quarter as merchandise imports fell amid the ongoing COVID-19 crisis

From electronic products, furniture and cars to apparel, fashion accessories and food, smaller towns are outpacing metros and big cities in consumption revival. Will this sustain?

The economy has been going through a phase of stagflation. Here is what this means

Global labour income is estimated to have declined by 10.7 per cent or USD 3.5 trillion in the first three quarters of 2020, compared to the same period in 2019

Sectors that would be the focus of discussion are hospitality, textile and real estate. Measures to boost the micro, small and medium enterprises (MSMEs), one of the worst affected sectors, would also be discussed

Fitch Solutions forecast a 5 per cent year-on-year (y-o-y) growth in 2021 and 2022, as the outbreak is brought under control and the economic activity normalises

It forecast a 5 per cent year-on-year (y-o-y) growth in 2021 and 2022, as the outbreak is brought under control and the economic activity normalises

During April-June 2020, the Central Government raised Rs 80,000 crore through the issuance of Cash Management Bills

The data and information substantiate that rural India doesn't have the capacity to support the huge reverse migrated population and they have no way but to return to their respective workplaces, the urban centres, for whatever menial job opportunities they get

In a covid-hit world, Gita Gopinath has her task cut out as IMF's first woman Chief Economist

It would be naive to expect agriculture providing jobs to about 43% of the workforce and sustaining 70% of the population living in rural India with a meagre share of 14.5% in national income (GDP) to drive growth, especially when it is going through unprecedented job and income loss