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Banknotes in circulation see higher than average increase during 2020-21 : Bulletin: Business Today

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Notes in circulation go up due to cautionary holding of cash amid COVID-19 pandemic: RBI
The Reserve Bank of India on Thursday said banknotes in circulation witnessed higher than average increase during 2020-21, on account of precautionary holding of cash by people due to the COVID-19 pandemic, and its prolonged continuance. The value and volume of banknotes in circulation increased by 16.8 per cent and 7.2 per cent, respectively, during 2020-21, as against an increase of 14.7 per cent and 6.6 per cent, respectively, witnessed during 2019-20, said the RBI annual report.
India stares at double-digit unemployment rate, 10 million job losses in May: CMIE ....

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Economy not as hard hit as first wave but uncertainties remain: RBI

In its annual report, the central bank said the country s growth prospects now essentially depend on how fast India can arrest the second wave of COVID-19 infections ....

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Indian economy to grow at 11% in FY22 amid 'strong' vaccine drive: ADB

Indian economy to grow at 11% in FY22 amid strong vaccine drive: ADB
India s economy is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive, ADB said in its flagship Asian Development Outlook (ADO) 2021
PTI | April 28, 2021 | Updated 11:57 IST
The Indian economy is projected to grow at 11 per cent in the current financial year amid the strong vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in COVID cases may put the country s economic recovery at risk .
India s economy is expected to grow 11 per cent in fiscal year (FY) 2021, which ends on March 31, 2022, amid a strong vaccine drive, ADB said in its flagship Asian Development Outlook (ADO) 2021 released on Wednesday. ....

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Indian Economy Grows By 0.4 In October-December

Indian Economy Grows By 0.4 In October-December
The gross domestic product (GDP) had expanded by 3.3 per cent in the corresponding period of 2019-20, according to the data released by the National Statistical Office (NSO).
PTI
26 February 2021
outlookindia.com
2021-02-26T18:07:48+05:30
After contracting for two quarters in a row, the Indian economy grew by 0.4 per cent in the October-December quarter amid coronavirus pandemic, official data showed on Friday.
The gross domestic product (GDP) had expanded by 3.3 per cent in the corresponding period of 2019-20, according to the data released by the National Statistical Office (NSO).
In its second advance estimates of national accounts, the NSO has projected 8 per cent contraction in 2020-21. In its first advance estimates released in January, it had projected a contraction of 7.7 per cent for the current fiscal as against a growth of four per cent in 2019-20. ....

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ExplainSpeaking: A brief history of the Indian economy in 2020

why the poor in India remain poor.According to the World Economic Forum’s Global Social Mobility report, in India, it would take 7 generations for a member of a poor family to achieve average income; in Denmark, it would take just 2 generations to do so.
A key concern leading up to the Budget for 2020-21 was the
falling credibility of Budget numbers. With Covid-19 playing havoc with the economy even before the start of the new financial year, this problem is likely to sustain.
Another key concern in the Budget and this, too, is likely to be a concern in the forthcoming Budget of 2021-22 was the adherence to fiscal rectitude. But the ugly truth about ....

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