The vaccination programme has released pent-up optimism and \"there is little doubt today that a recovery based on a revival of consumption is underway,\" RBI said.

BJP leader and Rajya Sabha MP Subramanian Swamy said that India's Q3 GDP growth would have been -10 per cent using Laspeyres Price Index Number and -15 per cent using Paasche Index, provided guesstimate of negative growth in MSMEs and informal sector were added to GDP

New curbs on movement of people or restrictions on businesses are a risk to the nascent recovery, given that gains in Q3 FY21 probably came from the reopening of the economy, says SBI Ecowrap report

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

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.

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

Barclays said the government appears set to launch its second phase of vaccinations for the elderly and people with co-morbidities in March, which should see absolute vaccine distribution improve.

Stock Market News Updates Today: Nestle India, Titan, RIL, ITC, HUL, HCL Tech, ONGC, HDFC, TCS, PowerGrid and ICICI Bank were among the top losers today. On the other hand, Bajaj Auto, SBI, Bajaj Finance and Reliance Industries were among the gainers

SBI also retained its forecast for 11 per cent growth in India's GDP in financial year 2021-22.

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

Budget 2021: The automobile and automotive component sectors have been braving low demand for the better part of three years due to a host of reasons  -  the absence of consumer confidence due to slowdown blues and liquidity crunch resulting from malaise in the NBFC sector to name a few

Budget 2021: Indian economy had started dwindling in FY18 when the growth declined to 7.04 per cent from 8.26 per cent in the previous fiscal. The GDP growth further declined to 6.15 per cent in FY19 and 4.2 per cent in FY20, which was the lowest in 44 quarters

India's GDP contracted by 23.9 per cent in April-June quarter and 7.5 per cent in July-September, reflecting the effect of the pandemic and the containment measures taken to control the infections

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

Economic Survey 2021: Nirmala Sitharaman will present Economic Survey 2020-21 in Parliament today. After the presentation of the Economic Survey 2020-21, chief economic adviser KV Subramanian will address a press conference tentatively at 3:30 PM

BT MindRush 2021: India received \"disproportionately large\" amount of foreign portfolio flow in 2020 and this has continued till now in 2021 as well. Besides, he said, most of the emerging markets, except China, reported outflow during the period

Raghuram Rajan said prioritising spending is important as it would help the government focus on what is essential, such as relief to poor households and small businesses

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

Tech Mahindra, Infosys, UltraTech Cement, Power Grid Corporation of India, NTPC, Sun Pharma, HCL technologies were among top gainers