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Core inflation, which strips out the effects of food and fuel, worryingly rose to 6.21 per cent — the highest in five months — compared with 6.17 per cent in October

A lean, deleveraged private sector is looking for expansion, putting investments back on track.

The economy looks set for a sharper rebound in the third quarter of the current fiscal with key high-frequency indicators like e-way bill generation, card transactions, and purchasing managers index (PMI) posting record-high growth in October.

MONEYWEB app instead? India’s economy showed momentum before virus crisis hit home Gross domestic product rose 1.6% from a year earlier in the three months ended March, the Statistics Ministry said Monday. By Vrishti Beniwal, Bloomberg 1 Jun 2021  08:23  Image: Sumit Dayal/Bloomberg India’s economy expanded faster than expected last quarter before a resurgent coronavirus pandemic unleashed a new wave of challenges. Gross domestic product rose 1.6% from a year earlier in the thr...

SHARE India’s economy expanded faster than expected in the three months to March 31, before a resurgent coronavirus pandemic unleashed a new wave of challenges. Gross domestic product rose 1.6 per cent from a year earlier during the quarter, the Statistics Ministry said Monday. That was faster than the 1 per cent median estimate in a Bloomberg survey of economists. The number marks the second straight quarter of expansion following a rare recession, which tipped the economy into an unpreceden...

Overseas investors withdraw record $5.4 bn from Indian equities; economists call for caution SECTIONS Share Synopsis Reserve Bank of India’s (RBI) monthly data showed that the outflows were due to repatriation or disinvestment. “This is a massive outflow in a single month and hence it needs to be monitored,” CARE Ratings chief economist Madan Sabnavis said. Related Kolkata: Long-term overseas investors have withdrawn a record $5.4 billion from Indian equities in February, raising concern...

India’s 2021 monsoon rainfall will be normal, the India Meteorological Department predicted on Friday, stirring optimism among crop researchers and economists amid lingering uncertainty posed by the Covid-19 pandemic and its fallout. The quantum of monsoon rainfall during the June-September season is likely to be 98 per cent of the long-period average, the IMD said, forecasting a 40 per cent probability and a third straight year of normal rainfall. Meteorologists label rainfall in the range o...

Normal monsoon to usher growth, douse inflation ​ By IANS | ​ 2 Views Growth chart. (File Photo: IANS). Image Source: IANS News New Delhi, April 16 : Predictions of a normal monsoon season brightened Indias FY22 economic prospects amidst gloom induced by the resurgence of Covid cases. The prediction of a healthy to normal rainy season this year was released by the state-run and a private weather forecaster. Significantly, the IMD and Skymet have forecast that the monsoon rainfall will be ...

Indias retail inflation marginally rose in March as the Consumer Price Index (CPI) increased to 5.52 per cent from 5.03 per cent in February.Data furnished by the National Statistical Office (NSO) showed that CPI Urban rose 0.26 per cent in ...

I-T, corporate tax mop up exceeds revised estimates at Rs 9.45 lakh crore in FY21 Top Searches I-T, corporate tax mop up exceeds revised estimates at Rs 9.45 lakh crore in FY21 PTI / Apr 9, 2021, 19:54 IST FacebookTwitterLinkedinEMail NEW DELHI: Income tax and corporate tax collections at Rs 9.45 lakh crore in the fiscal year ended March 31 exceeded the revised target by 5 per cent but were 10 per cent lower than the direct tax collections in the previous year, tax department head said on Frid...