Expansion of services activity in 2021 is particularly noteworthy as people overcoming fear of pandemic have shown a preference for enhanced mobility despite Covid-related risks, monthly report by ministry says

The Ecowrap report, authored by Dr Soumya Kanti Ghosh, Group Chief Economic Adviser, State Bank of India stated that Centre and states do not want to bring oil products under the GST regime as sales tax and VAT comprise a major source of tax revenue

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

The New Umbrella Entity (NUE) will be jointly promoted by a Reliance unit and Infibeam Avenues Ltd's subsidiary So Hum Bharat, while Google and Facebook will hold a smaller stake in the NUE license

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

India steps out of recession - GDP grows 0.4% in Dec quarter Indian economy reported growth in the December quarter after two quarters of contraction. The nation's Gross Domestic Product (GDP) saw revival, albeit marginally, as economic activities resumed after a long and arduous lockdown and overall sentiment improved with the rollout of vaccination drive. As per government data, India's GDP increased 0.4 per cent during the third quarter ended December 31, 2020. Amazon Pay, Uber expand ...

The initial policy choice of \"lives over livelihoods\" succeeded by \"lives as well as livelihoods\" is now bearing positive results, the government said.

Real GDP or Gross Domestic Product (GDP) at constant (2011-12) prices in the year 2020-21 is estimated to attain a level of Rs 134.09 lakh crore, as against the first revised estimate of GDP for the year 2019-20 of Rs 145.69 lakh crore.

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

Without the base revision, GDP growth would have declined 0.6 per cent in December quarter, noted Motilal Oswal

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

The government has pegged the fiscal deficit for the current year at Rs 18.48 lakh crore, or 9.5 per cent of GDP, on account of the COVID-19 pandemic and the subsequent disruptions.

GVA equivalent of manufacturing companies arrived at after adding up wages, depreciation, interest and profit before tax (PBT) grew a robust 17 per cent, on a yearly basis in Q3 FY21

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

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.

Stock Market News Updates Today: M&M, Axis Bank, L&T, Maruti traded among the top losers on Sensex pack. Meanwhile, ONGC, HDFC, Tech Mahindra traded among the top gainers

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

Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages

FDI surge from Cayman Islands makes it the new Mauritius; chorus grows China might be routing investments into India through it