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Higher central fiscal spending as well as consumption recovery and healthy monsoon season accelerated Indias Q2FY22 GDP growth rate to 8.4 per cent on a year-on-year basis.

Robert Johnson, Guillermo Noguera The global engagement of a firm could range from none at all, to exporting and importing only, to exporting, importing and engaging in foreign direct investment. Research has shown that, for firms located in the US, the most globally engaged firms dominate both trade and investment.  Bernard et al. (2009) find that multinational enterprises (MNEs) accounted for roughly 90% of US exports and imports of goods in 1993 and 2000.  Bruner and Grimm (2019) find th...

Highlights Economic Survey in Parliament on Friday. Union Budget 2021 on February 1. New Delhi: Finance Minister Nirmala Sitharaman will table the Economic Survey 2020-21 in Parliament on Friday, two days before the presentation of Union Budget (on February 1). Chief Economic Adviser KV Subramanian will address a press conference at 2.30 pm today in New Delhi after the presentation of Economic Survey 2020-21 by the Finance Minister in Parliament. The survey, also regarded as the official repo...

The survey, also regarded as the official report card of the union government, gives a roadmap for the countrys economy and spells the way forward. During the last economic survey (Economic Survey 2018-19) the government Thursday projected the countrys GDP growth for 2019-20 at 7 percent, up from five-year low of 6.8 per cent, on  the back of anticipated pickup in investment and consumption. However, in the wake of the COVID-19 Pandemic, the course of the Indian economy took a downward slope w...

Highlights Economic Survey in Parliament on Friday. Union Budget 2021 on February 1. New Delhi: The Economic Survey 2020-21 is all set to be tabled in the Parliament on Friday (29 January) ahead of the presentation of the Union Budget 2021 on February 1.   The survey, also regarded as the official report card of the union government, gives a roadmap for the countrys economy and spells the way forward. During the last economic survey (Economic Survey 2018-19) the government Thursday projecte...

Moderation in revenue collection due to the COVID-19 crisis is the main reason

The tax revenue collection was 42.1 per cent of BE of 2020-21, compared to 45.5 per cent of BE (2019-20) during the corresponding period a year ago. Non-tax revenue was 32.3 per cent of BE. , , fiscal deficit, government, economy

Govt expects GDP to contract 7.7% in FY21 All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with trade, hotels, transport, communication and services related to broadcasting expecting to see massive contraction of 21.4 per cent Chitranjan Kumar | January 8, 2021 | Updated 17:02 IST Govt pegs FY21 GDP growth at -7.7% The Indian economy is expected to contract by 7.7 per cent in the current financial year, as compared to the growth rate of 4.2 per cent in 2...

Govt expects GDP to contract 7.7% in FY21 All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with trade, hotels, transport, communication and services related to broadcasting expecting to see massive contraction of 21.4 per cent Chitranjan Kumar | January 8, 2021 | Updated 17:02 IST Govt pegs FY21 GDP growth at -7.7% The Indian economy is expected to contract by 7.7 per cent in the current financial year, as compared to the growth rate of 4.2 per cent in 2...