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Latest Articles in economic activity
States Fiscal Deficit Seen Spiking To Historic High Of 4.7%
Revenue collections are expected to reach close to the pre-pandemic level next fiscal, factoring in unlocking that began in July 2020 and a real GDP growth forecast of 10 per cent in FY22.
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Coal India Revises Up FY21 Capex By 30 Pc To Rs 13,000 Cr
Compared to Rs 2,930 crore capex that the company clocked during April-December period of 2019-20, the actual spend was up by Rs 4,871 crore in the corresponding period of FY21.
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India's December Fuel Demand Scales 11-Month Peak As Recovery Gathers Pace
Sales of cooking gas, or liquefied petroleum gas (LPG), rose more than 7% to 2.53 million tonnes on a monthly and annual basis, while naphtha sales fell by 2.4% to 1.24 million tonnes from a year earlier.
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Indian Economy To Rebound With 8.9% Growth In FY22
India Ratings & Research said the NSO projections for GDP growth in FY21 mean that the size of the Indian economy is expected to shrink to Rs 134.40 lakh crore in FY21 as against Rs 145.66 lakh crore in FY20.
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Analyzing The M&A Landscape In India From A Covid-19 Perspective
M&A deals of India Inc declined to a 3-year low of USD 38.1 billion, a fall of 14.1 per cent as compared to H1, 2019.
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Euro Zone Contraction Deeper Than Thought In December As Lockdowns Bite - PMI
IHS Markit's final December Composite Purchasing Managers' Index (PMI), seen as a good gauge of economic health, did rise to 49.1 from November's 45.3 but was significantly below a flash reading of 49.8.
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Global Economic Outlook - 2021: A V-Shaped Recovery Is Unlikely. Long And Difficult Ascent Ahead
Reversing the broad-based economic downturn in several sectors and tackling effectively the substantial financial distress in the MSE sectors - might pose a formidable challenge for emerging economies.
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French Economy Operating Down 12% Under New Lockdown - Central Bank
The Bank of France said economic activity was expected to be reduced by 12% of normal levels as a result, worse than the 4% drop in October but far better than the 31% loss seen in April during one of the strictest lockdowns in Europe.
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Japan's Household Spending, Wages Slump As COVID-19 Pain Lingers
Household spending fell 10.2% in September from a year earlier, marking the fourth biggest drop on record and roughly matching a median market forecast for a 10.7% fall, government data showed.
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US Manufacturing Near Two-Year High; Road Ahead Difficult
Manufacturing's continued recovery will likely keep the economy floating, with growth expected to slow sharply in the fourth quarter after a historic 33.1% annualized rate of expansion in the July-September period.
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Chinese Stocks Underpin Asia; Markets Wary Of Virus Spike, US Presidential Debate
Chinese shares opened higher and helped to underpin Asian markets after a tentative start, with the blue-chip CSI 300 index up 0.85%.
Read MoreShahlon Silk Is Back On Track, Demand Coming Back During Festive Season
The company is gradually returning to pre-Covid production levels with social distancing and screening norms at its three manufacturing units in Gujarat located at Kim, Karanj and Kosamba.
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ADB Says India's Economy To Contract By 9 % In FY21
ADB projected a strong recovery for the Indian economy in 2021-22, with gross domestic product (GDP) growing by 8 per cent as mobility and business activities resume more widely.
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India's August Fuel Consumption Posts Biggest Monthly Decline Since April
India's economy contracted 23.9% in the June-quarter as consumer spending, private investments and exports collapsed during the lockdown imposed in late March to curb the coronavirus outbreak
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India's Services Activity Shrinks For Sixth Month In August, Job Losses Mount
A composite index, which measures both services and factory activity, improved to 46.0 in August from July's 37.2, cushioned by a better manufacturing performance, but remained well below the neutral 50.0 level.
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