In its 'Global Macro Outlook 2021-22 report, Moody's says India's economy has rebounded quickly from one of the world's longest and most stringent lockdowns, which also came with steepest fall in GDP in Q2

Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians

India looks much better positioned cyclically and relative to the pandemic, while the most exciting period of China's recovery seems to be over, noted Credit Suisse

Little attention to direct income support, health and education deprivations, and revival of small businesses will keep the demand and production of goods and services depressed in FY22

In its last monetary policy review of this fiscal, the RBI has decided to keep the key repo rate unchanged at 4 per cent with accommodative stance to ensure that inflation remains within the target, RBI Governor Shaktikanta Das said

The projection by the RBI governor is in line with the estimates in the Union Budget 2021-22 presented in Parliament earlier this week

Reserve Bank of India Governor Shaktikanta Das said the decision to keep the rates unchanged was taken unanimously, and projected 10.5 per cent GDP growth for 2021-22.

Moody's expects India's nominal GDP growth to rise close to 17 per cent in fiscal 2021, higher than 14.4 per cent pegged in the Union Budget 2021 

ECILT/IN Nikkei/IHS Markit Services Purchasing Managers' Index rose to 52.8 in January from 52.3 in December, staying above the 50-level mark separating growth from contraction for the fourth straight month

The Samyukta Kisan Morcha, the umbrella body of farmers protesting against three farm laws and for the legal guarantee of the minimum support price, on Monday announced a nationwide 'chakka jam' for three hours on February 6. The protesting farmers said that they would block national and state highways for three hours between 12 pm and 3 pm on Saturday, in protest against the internet ban in areas near their agitation sites, harassment allegedly meted out to them by authorities, and other issues. Watch the video for more.Also Read: Budget 2021: Nominal GDP growth projection may be underestimated, says SBI

The SBI report also praised government's move to increase foreign direct investment limit in insurance companies to 74 per cent in the Budget.

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

For people to benefit, the budget needs overhauling to create jobs; revive small businesses; address poverty and health and education deprivations. Pursuing the existing paradigm of growth may push GDP and stock markets up without improving the living standards of the vast majority

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

Gopinath says government should carry on cash support to poor people in this financial year as well. She says Centre should focus on expanding employment guarantee scheme MGNREGA

Of the last 10 budgets, the stock market has closed lower six times. Twice the indices closed over 1% lower (2012, 2013). This excludes Budget 2020's 2.4% drop in Sensex, the worst budget-day plunge since 2009

Scope for tax concessions in upcoming Budget next week very limited, says EY

First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution

Fitch said India's coronavirus-induced recession has been among the most severe in the world, amid a stringent lockdown and limited direct fiscal support

All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with 'trade, hotels, transport, communication and services related to broadcasting' expecting to see massive contraction of 21.4 per cent