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Tags : "Economic growth"

India Ratings revises FY21 GDP growth projection to negative 11.8

Domestic rating agency India Ratings and Research on Tuesday revised the country’s FY21 GDP growth forecast to (-) 11.8 per cent from (-) 5.3 per cent earlier. The agency, however, expects India’s gross domestic product (GDP) to rebound and grow at 9.9 per cent year-on-year in FY22 mainly due to the weak base of FY21. […]Read More

Fitch projects India’s economy to contract 10.5 per cent in

Fitch Ratings on Tuesday projected a massive 10.5 per cent contraction of India’s economy in the current financial year. India recorded one of the sharpest gross domestic product (GDP) contractions in the world in April-June. India’s GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global […]Read More

View: How India can get its growth back on track

A subdued global economy further impacted growth. The pandemic has rendered the outlook even more sombre. So is India’s growth story over? Synopsis With continued policy attention on reforms — which spur private investment, increase the economy’s competitiveness, promote greater integration into the global economy, and ensure an efficient financial sector — India can revert […]Read More

3 factors will lead to bank stocks going up again:

As the lead indicators start showing an uptick in the next six months, the banking sector will start to perform better, says CEO, Aditya Birla Sun Life AMC When do you think banking stocks will start moving higher because there is a technical overhang, there is an economy overhang and there is an NPA concern?We […]Read More

How did we do in these seven decades of Independence?

Of course, we could have done better. But what is better than being a united and optimistic nation? Synopsis In 1947, agriculture accounted for 54% of India’s GDP. In 2019, it is at about 13%. But at the time of Independence, 60% of India depended on agriculture for a living. In 2017, it is about […]Read More

UAE announces normalisation of diplomatic ties with Israel under deal

DUBAI/WASHINGTON: The UAE and Israel on Thursday agreed to establish full diplomatic relations in a deal brokered by US President Donald Trump, a breakthrough the three nations say will advance peace in the Middle East and result in Jerusalem suspending its plans to annex large parts of the occupied West Bank. “This historic diplomatic breakthrough […]Read More

Focus on 4 recovering sectors and let the market do

This year you may actually end up underestimating the earnings and this quarter till now has demonstrated just that, says CIO, ValueQuest Investment Advisors. How do you think this market will manage to climb the wall of worry?As long as the worries persist I guess. The way I think about this market is that the […]Read More

PM Narendra Modi meets financial regulators; discusses measures to revive

New Delhi: Prime Minister Narendra Modi on Thursday held a brainstorming session with financial sector regulators and discussed various measures to revive the economy hit hard by COVID-19 crisis. According to sources, the meeting discussed various steps that regulators, especially the Reserve Bank of India, can take to push economic growth staring at the risk […]Read More

The Fed’s economic forecasts are all over the map, a

A trader at the New York Stock Exchange (NYSE) at Wall Street in New York City. JOHANNES EISELE | AFP via Getty Images The Federal Reserve’s economic outlook isn’t so much pessimistic as it is uncertain, with expectations running a wide gamut from a plodding recovery to a sharp rebound. If that sounds a lot […]Read More