Subramanian believes fiscal deficit projection could be revised considering uncertainty around pandemic; for April-June quarter, CEA also thinks there could be a perceptible contraction in GDP

RBI survey predicted that gross domestic product (GDP) during the current financial year is likely to contract by 1.5 per cent, but is expected to grow by 7.2 per cent in FY22

Karnataka's tax revenues fell short of Rs 8,943 crore from the budgeted target of Rs 1,41,551 crore in 2019/20. Around 99.9 per cent of the targeted amount was collected by the state government in 2018/19

\"Service sector activity in India is still effectively on hold, latest PMI data suggests, as output fell at an extreme rate once again during May,\" IHS Markit report said

\"Service sector activity in India is still effectively on hold, latest PMI data suggest, as output fell at an extreme rate once again during May,\" Joe Hayes, Economist at IHS Markit said

Highlighting the uncertain outlook, the government said in late May it was not setting an annual growth target, for the first time since 2002

Lockdowns imposed by wealthy nations to slow the spread of the novel coronavirus, and the jolt those restrictions have delivered to their economies, are severing a vital lifeline for many often vulnerable people around the world

The decision to downgrade India's ratings reflects Moody's view that the country's policymaking institutions will be challenged in enacting and implementing policies

Fuel demand had evaporated as the lockdown imposed with effect from March 25 set most vehicles off the road, suspended flights, stopped rail movement and shut factories

RBI data shows excess liquidity is lying idle, parked in its own reverse repo account, and burdening it with higher interest payouts. This could be tapped and channelised for additional fiscal spending to stimulate growth through government bonds

The pandemic has been particularly disruptive for trade-reliant nations such as Japan, which already slipped into recession in the first quarter

The fresh orders with producers continued to decline after April's record contraction, leading companies to cut jobs at the quickest pace on record

The economy may contract in FY21 as the probability of recovery from the ongoing disruptions remains \"clouded\", according to the DBS Bank report

India's GDP grew 1.6 per cent and 1.4 per cent, sequentially in the last two quarters, while it contracted by 4.2 per cent in the June quarter

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The impact of COVID-19 on Indian economy is yet to unravel; the 2019-20 GDP estimates, thus, hide more than they reveal on the state of economy in 2020-21

India's gross domestic product (GDP) grew at 3.1 per cent in the final quarter of financial year 2019-20, lowest in 44 quarters, according to the government data released on Friday. Overall growth for FY20 slumped to 4.2 per cent - lowest since FY09 when GDP was 3.09 per cent - compared to 6.1 percent in FY19, the Central Statistics Office (CSO) said. Watch the video for more.India's Q4 GDP growth falls to 3.1% - worst since 2009 global financial crisis

GDP growth has now been revised to 4.4 per cent in Q2 compared to 5.09 per cent earlier

India's gross domestic product (GDP) growth in Q4FY20 is the lowest in 44 quarters, according to the data by Central Statistics Office (CSO)

Initial claims for state unemployment benefits fell 323,000 to a seasonally adjusted 2.123 million for the week ended May 23, the Labor Department said