CONTRACTION

India's GDP set to drop 7.7%, biggest contraction since 1952

The contraction is in line with what the RBI had projected in its December policy review. Other projections have also been revised upwards ...

'Indian economy to contract by 7.7% in 2020-21': Govt releases GDP estimates data

Indian economy is estimated to contract 7.7 per cent in 2020-21 compared to 4.2 per cent growth in the previous fiscal, mainly on account o...

Eight core industries' output contracts 2.6% in November

Infrastructure output, which comprises eight sectors including coal, crude oil and electricity and accounts for nearly 40% of industrial ou...

India's eight core industries' production loses steam, contracts 2.6% in November

The production of India's eight major industries decelerated on both sequential and on year-on-year basis during November, as the output pa...

Manufacturing firms log 'softer contraction' in sales at 4.3% in Q2 FY21: RBI data

The recovery was led by iron and steel, food products, cement, automobile and pharmaceuticals companies, showed the data on the performance...

India's quarterly GDP contraction to end in December quarter: NCAER

The think tank pared its forecast of gross domestic product (GDP) growth during the ongoing fiscal to -7.3% compared to -12.6% in September...

CRISIL projects slower contraction at -7.7% for India in FY21 against -9% in September

The agency expects the growth to bounce back to 10% in FY22 led by a very weak base and global rising tide effect, but added that the perma...

Fitch revises India GDP forecast, sees contraction of 9.4%

The pandemic-induced recession had caused severe economic scarring on the Indian economy and the country would need to repair balance sheet...

Economy to reach pre-COVID-levels by end of FY 2022: Niti Aayog

India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction ...

RBI says economy to contract 7.5% for FY21, predicts growth to turn positive in second half

The second half of the fiscal year is expected to show positive growth, Shaktikanta Das said.

Indian economy to contract at (-) 7.5% for FY21: RBI

The RBI has revised its forecast of economic growth for the current fiscal year (2020-21) to (-)7.5 percent compared to its earlier forecas...

India's consumer spending to return to growth in 2021: Fitch Solutions

In nominal terms, total household spending will only be 1.2 per cent higher than what it was in 2019 (Rs 123 lakh crore in 2021, compared t...

Q2 GDP shows surprising resilience: Is it good enough to last?

With improvement in manufacturing, due to lifting of lockdown measures GDP contraction has slowed down significantly. Agriculture sector co...

Eight core industries' output contracts 2.5 per cent in October, 8th contraction in a row

The output of these eight key sectors is in the negative zone since March. In September, the rate of contraction was 0.1 per cent.

India's economy rebounds at faster pace than expected in Q2 as GDP contraction slows to 7.5%

After two consecutive quarters of negative growth, the Indian economy is technically in recession for the first time. GDP in the June quart...

Lower GDP contraction in Q2 encouraging, estimates show 'upside potential' for economy: CEA K V Subramanian

Chief Economic Adviser K V Subramanian on Friday said there is an "upside potential" in the estimates about the economy during the current ...

GDP contraction to improve to 'higher single digits' in Jul-Sept, says expert

The GDP contracted by 23.9 per cent in the June quarter due to strong lockdown measures and leading to expectations of the GDP growth being...