Economy

Ratings agency Moody's has revised India's gross domestic product (GDP) growth forecast for FY2021-22 to 9.3% from 13.7% and to 7.9% from 6.2% for FY21-22 due to negative impact of the second wave of coronavirus (COVID).    In a note, the ratings agency says, "Second wave of...
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  • Lower food prices sequentially eased India's retail inflation in April as the Consumer Price Index (CPI) decreased to 4.29 per cent from 5.52 per cent in March.   According to the data furnished by the National Statistical Office (NSO), the CPI Urban rose by 4.77 per cent last month...
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  • The UN forecasts India's economy to grow by 7.5 per cent this calendar year and rebound to 10.5% next year with the caveat that the outlook is 'highly fragile' because of the brutal COVID-19 second wave.   The mid-year World Economic Situation and Prospects report released on Tuesday...
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  • After the presentation of the Union Budget 2021-22, Maharashtra presented its state budget and alongside it also tabled its economic survey for 2021-22 in February. The economic survey for the state assumes importance because it was presented against the backdrop of COVID-19 first...
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  • The intensity of the second wave of COVID-19 infections in India has come as a surprise and is haemorrhaging the country’s healthcare infrastructure and proving to be a challenge before the economy. The second wave of COVID can have a moderate to severe impact on growth depending on how long...
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