Economy

S&P Global Ratings has affirmed its 'BBB-' long-term and 'A-3' short-term unsolicited foreign and local currency sovereign ratings on India with a stable outlook. India's worsening COVID-19 situation, along with strict measures aimed at containing spread of the pandemic, have hit the economy...
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  • Investment information firm ICRA (Investment Information and Credit Rating Agency of India Limited) estimates that with increasing retail investor activity and a surge in trading volumes, the Indian brokerage industry's aggregate revenues are expected to hit Rs23,000 cr in the current...
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  • The gap between government's total income and expenditure is expected to balloon to Rs 14.6 lakh crore or 7.6 per cent of GDP in FY21 as economic disruptions are set for a long haul due to Covid-19 pandemic, brokerages analysing the deficit numbers said.   The Controller General of...
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  • Looking back to the 1991 crisis:   Less than three decades ago, during 1990-91, the Indian financial sector was on the verge of collapse due to a host of factors. To take a quick recap, the country’s macro-economic situation was in a shamble; the Gulf crisis had pushed up the oil...
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  • Rising COVID-19 cases in India will keep private spending and investment lower for longer, says S&P Global Ratings adding that it now expects the country's economy to contract by 9% in the current fiscal year which ends 31 March 2021.    S&P's previous forecast put the economic hit...
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