Indian economy fared marginally better than earlier estimated in the September quarter, though, as per the revised GDP estimates

GDP at Constant (2011-12) Prices in Q3 of 2020-21 is estimated at Rs 36.22 lakh crore, as against Rs 36.08 lakh crore in Q3 of 2019-20, showing a growth of 0.4 per cent, government data showed

India had recorded a de-growth of 24 per cent and 7.5 per cent in GDP in the first and second quarters ended June and September 2020, respectively, as the government enforced one of the strictest lockdowns across the country amid coronavirus

The unlocking of economy saw domestic demand benefiting from festive tailwinds, pent up consumption, pickup in capacity utilisation and resumption in sectoral activities, DBS Bank said.

A majority of early economic indicators lost steam in January 2021, relative to December 2020, partly because of an unfavourable base effect, supply-side issues and price hikes.

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The forecasted growth in Q3 FY2021, while undoubtedly mild and uneven, is nevertheless welcome, as it signifies that the economy has exited the COVID-19 pandemic-induced recession, ICRA said

Bank credit growth shows signs of uptick, backed by retail and agri loans, but is expected to remain muted in FY21 due to asset quality pressures

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While the Budget has revealed a plethora of proposals targeted at supporting the nascent economic rebound, timely implementation of these proposals will be key to sustaining higher growth of the Indian economy in FY2022 and beyond

Union Budget 2021: It is anticipated that the government may roll out its ambitious DBT for fertiliser, offering direct subsidy transfer into the accounts of farmers. Timely release of the additional allocation for the fertiliser will enable clearance of the subsidy backlog

Union Budget 2021 Highlights: Congress leader P. Chidambaram said that the government had only marginally raised health funding, which when adjusted to inflation becomes nil

The core sectors had expanded by 3.1 per cent in December 2019, according to the provisional data released by the Commerce and Industry Ministry on Friday

The Economic Survey estimated real GDP growth for FY22 at 11 per cent and nominal GDP (which accounts for inflation) at 15.4 per cent. This would mark the highest GDP growth since independence

Gopinath says India's strict lockdown had an impact on the economy, including a very large contraction in first quarter of fiscal year

The agency sees the general government's fiscal deficit at 8.5 per cent in 2021-22 -- 5 per cent  for the Centre and 3.5 per cent for the states

Agriculture and allied activities are expected to grow by 3.5 per cent during 2020-21.

ICRA expects India's fiscal deficit to widen to Rs 14.5 lakh crore or 7.5 per cent of GDP in FY21 and 5 per cent of GDP in the next fiscal

The government should aim for a balance between reducing the fiscal deficit to a level that can be financed comfortably by the markets, and prioritising spending on those areas that will boost confidence and growth