It forecast a 5 per cent year-on-year (y-o-y) growth in 2021 and 2022, as the outbreak is brought under control and the economic activity normalises

With GDP contracting 24 per cent in first quarter, economic recovery will be a long and painful process. Business Today's Rajeev Dubey, Dipak Mondal and Joe C. Mathew caught up with Chief Economic Advisor Krishnamurthy Subramanian on the state of the economy and plans to put it back on track. Edited excerpts:

India Stock Market Highlights Today: M&M, followed by Bajaj Auto, Maruti, L&T, Tata Steel, UltraTech Cement and Nestle India were among the top gainers on Sensex pack today. On the other hand, HCL Tech, Axis Bank, ICICI Bank, Bajaj Finance and SBI were among the laggards

The company said the pandemic outbreak and measures to contain it have caused significant disturbance and slowdown of economic activities

Also, the first five months of the current fiscal saw 32.51 per cent decline in coal import at 73.08 MT, over 108.29 MT during the year-ago period

Consumption of coal by end-user industries also improved marginally from 54.2 MT in May to 56.7 MT in June 2020, though, on a year-on-year basis consumption of coal in June was lower by 19.8 per cent

To counter the closure of the Indian markets in April and May, Tata Steel had ramped up exports significantly by tapping new markets and improving supply chain capability

\"On the demand side, there is some degree of recovery. Everybody is having challenges there are gaps also. The demand side is a bit better now, though the supply side is a challenge. E-commerce is picking up and doing well,\" says Sudarshan Kasturi, CFO, V-Guard

Speaking at the annual session of the Auto Components Manufacturers Association of India (ACMA), Ayukawa said that he would make efforts to organise some business exploration meetings with manufacturers of Japan to push make in India

Decline in India's GDP during June quarter was a result of stringent lockdown imposed across the country, claimed Finance Ministry in Economic Review report for August

India Stock Market Highlights Today: Kotak Bank, Axis Bank, HDFC, SBI, ICICI Bank were among the top losers on BSE. On the ohter hand, Maruti, Asian Paints and Sun Pharma were the only gainers

India Stock Market Highlights Today: Britannia, NTPC, Hindalco, Airtel, IndusInd Bank, PowerGrid, ICICI were among the top losers today. On the other hand, Wipro, UPL, Eicher Motors, Titan and Bharti Infratel were among the top gainers

On the sectoral front, except PSU Banks and financials, all the other indices closed bullish, with over 3.5% gains in media and over 1% gain in metals and IT scrips

India Stock Market Highlights Today:  UltraTech Cement, Adani Ports, Coal India, RIL, ONGC, Tech Mahindra, Tata Steel, ITC, Reliance Industries and Infosys were among the top gainers. On the other hand, SBI, Bajaj Auto, HDFC, Kotak Bank and Titan were the top laggards today

Stock market update for upcoming day: 7 things to know before Wednesday's opening bell

On the technical front, the 50 stock barometer Nifty crossed major resistance placed near 11,400 mark and closed at 11,470, while Sensex, the 30 scrip index on BSE ended at 38,900, after hitting 39,226 earlier in the session

Value investing is all about picking good quality stocks trading at a discount to historical valuations. BT crunches the numbers to bring you likely future wealth generators

India Stock Market Highlights Today: Eicher Motors, NTPC, Nestle, Power Grid and Bajaj Finserv were leading as top gainers. On the other hand, TCS, Maruti, ITC, Nestle, Infosys, Wipro, HCL Tech, Sun Pharma,  were among the top losers today.

In a report released on the last day of the moratorium, the agency said it analysed 2,300 non-financial sector companies which have taken recourse to non-payment of loans, and found that three-fourths of entities are sub-investment grade

The bankers want to stop moratorium, while the industrialists want the government to continue support system