According to a statement, Adityanath while presiding over a meeting of high level Empowered Committee of 'Invest UP', said Noida will be developed as the biggest hub in north India

Current finance ministry forecasts foresee public debt reaching 75% of gross domestic product by the end of 2021

N K Singh, chairman of the Fifteenth Finance Commission (FFC) said the estimate is a bit more modest as compared to some optimistic assessments that the FFC has received from experts

While technology-first segments like e-commerce, IT-BPM firms, banking finance and insurance firms are leading cloud adoption, media and entertainment, retail, automotive, healthcare and manufacturing are also catching up

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

Overseas, equity markets traded mostly lower after FOMC said it would likely hold rates near zero until 2023 given the current inflation and employment situation

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

BT's panel of experts on how to fire up the four engines of the economy - and where to find the money

The Reserve Bank of New Zealand had forecast a quarterly and annual GDP decline of 14% in its August statement

India Stock Market Highlights Today: ICICI Bank, HDFC Bank, PowerGrid, Bajaj Auto, Kotak Bank, Axis Bank and L&T were among the top losers today on the Sensex pack. On the other hand, HCL Tech, Tech Mahindra, Asian Paints, ONGC and Infosys were among the gainers

The fiscal stimulus is of only 1.8 per cent and there is an urgent need for a second round of the same, UBS chief economist Tanvee Gupta Jain said

Addressing the FICCI National Executive Committee Meetingm, RBI Governor Shaktikanta Das expressed that the GDP data for the first quarter (Q1) of FY21 was a telling reflection of the \"ravages of the COVID-19\"

There are fears that retail inflation would remain at an elevated level during the rest of the year limiting the scope for the RBI to further ease the benchmark interest rate

Retail inflation so far has been in the tolerance range of MPC except for breach in July. In June, retail inflation was 6.09 per cent.  At the same time, WPI inflation in June was at (-) 1.81 per cent, while for the month of May and April it was (-) 3.37 per cent and (-) 1.57 per cent respectively

Unlock 4.0: Delhi metro to follow pre-COVID schedule, Airport Line reopensDelhi Metro resumed its full services on Saturday with the Airport Express Line reopening after a hiatus of over 170 days due to the COVID-19 pandemic. All corridors of the Metro network are now in operation and the timing of services will follow the pre-COVID-19 schedule of 6 AM to 11 PM.DCGI orders Serum Institute to suspend recruitment in Oxford COVID-19 vaccine clinical trialsDrug Controller General of India (DCG...

Moody's said that India's credit profile has been impacted by low growth, high debt burden and weak financial system, while these risks have been exacerbated by the coronavirus pandemic

Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

While Goldman Sachs and Fitch estimated real GDP growth to contract 14.8 per cent and 10.5 per cent, respectively, in FY21, economists at State Bank of India projected a negative growth of 10.9 per cent

Goldman Sachs expects India's economy to rebound by 2021Global rating agency Goldman Sachs has cut its estimates for growth in India's gross domestic product (GDP) for the current fiscal 2020-21 (FY21), but it expects the economy of the country to see a full-bound recovery by 2021. The research firm expects real GDP growth to contract 14.8 per cent in FY21 against its earlier estimate of 11.8 per cent contraction in this period. The agency, however, expects real GDP to bounce back strongly t...