Wall Street brokerage Goldman Sachs has lowered its estimate for India's economic growth to 11.1 percent in fiscal year to March 31, 2022, as a number of cities and states announced lockdowns of varying intensities to check spread of coronavirus infections. India is suffering the world's worst ou... Read more...
Dr. Srikanth Sola, CEO, Devic Earth How is air pollution endangering the urban cities inhabitants? According to WHO, 92% of world’s population breathes polluted air It causes 4.2 million deaths worldwide annually. Air pollution in India has caused losses of up to Rs 7 lakh crore... Read more...
Brickwork Ratings, a domestic rating agency, has revised downwards its projection of India’s GDP growth for FY22 to 9% from 11% earlier. It said that the second wave of the COVID-19 pandemic has brought an abrupt halt to the country’s fragile economic recovery. However, it said that the GDP outl... Read more...
India’s economy has bounced back amazingly from the COVID-19 pandemic and nationwide lockdown over the last one year, but it is not out of the woods yet, according to the World Bank, which in its latest report has predicted that the country’s real GDP growth for fiscal year 21/22 could range fro... Read more...
The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said. The economic revival will continue "unabated", Das said, asserting that there is no need for... Read more...
Britain's economy shrank by less than feared in January when the country went back into a coronavirus lockdown, but trade with the European Union was hammered as new post-Brexit rules kicked in. Gross domestic product was 2.9% lower than in December, the Office for National Statistics said. Eco... Read more...
Dr. Niranjan Hiranandani, National President, NAREDCO What are the reasons for positive sentiments? There is a positive sentiment visible across the economy, and as GDP growth happens through the V-shaped recovery, the aspect of recovery in commercial real estate, especially office spaces, rem... Read more...
India's GDP may turn positive at 1.3 percent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GD... Read more...
Nomura’s India Business Resumption Index (NIBRI), a measurement for tracking the extent of normalisation in the economy, has hit 98.1 points during the fortnight ended February 14. The measure may very well hit the 100 mark, which will signify full recovery by the end of this month. “The cont... Read more...
Expectations that the country's GDP would record growth in the third and fourth quarters of 2020-21 are getting stronger on account of various reforms undertaken by the government in the last ten months, PHDCCI said that out of the 10 indicators of QET (Quick Economic Trends) of economic and busines... Read more...