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Latest Articles in economic activity

India's Fuel Sales Drop 9.4% In April On COVID Wave

India was under one of the world's severest lockdowns in April 2020, bringing to a halt almost all economic activity. Fuel sales had halved that month, plunging to the lowest since 2006.

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Indian Economy May Clock Double-Digit Growth In 2021: Moody's

India began its vaccination drive against COVID-19 in mid-January and has administered 100 million doses of the vaccine as of April 10, becoming the fastest country to reach that threshold so far.

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India's Fuel Consumption Contracts 9.1 Pc In FY21; First Since 1998-99

The GDP is estimated to have contracted by 7-8 per cent in 2020-21 after economic activity showed signs of recovery in last quarter of 2020.

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Sensex Drops Over 150 Pts In Early Trade; Nifty Below 14,850

Sensex settled 84.45 points or 0.17 per cent higher at 49,746.21, and Nifty advanced 54.75 points or 0.37 per cent to 14,873.80.

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India Inc's Credit Quality Improves Sharply In H2FY21, Likely To Sustain

The agency specifically pointed out emergency credit line guarantee scheme and one-time restructuring as some of the effective policy measures which have helped minimise the impact on the economy.

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Moody's Revises Tata Steel Outlook To Stable From Negative

Europe's economic activity was affected by further lockdowns and a seasonally weak winter quarter, although it has improved since the early months of the pandemic

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China's Factories, Consumers Drive Recovery Into 2021

Retail sales increased 33.8%, also faster than a forecast 32% rise and marking a significant jump from 4.6% growth in December and a 20.5% contraction for January-February of 2020.

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Pandemic Eats Up Rs 13 Lakh Crore Of Household Income: Report

Housing sales shrank 31 per cent in 2020 as against 2019 in terms of value and unit sales, while new property sales are only 16 per cent of the total so far.

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China Sets Modest GDP Growth Target As Economy Improves

The government has set its 2021 target for consumer price inflation at around 3%, compared with a target of around 3.5% last year.

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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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