India has officially exited the technical recession phase that was brought about by the COVID-19 pandemic, as the country's Q3FY21 GDP grew by 0.4 per cent, official data showed on Friday.
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"Petrol and diesel prices do have an impact on the cost side. They play as cost push factor across a range of activities. It is not just that passengers who use cars and bikes. High fuel prices also have an impact on raising cost of manufacturing, transportation and other activities," says...
An improvement in India's macroeconomic conditions is likely to alleviate stress for the country's banking sector, says a report, titled "Banking Industry Country Risk Assessment: India", from S&P Global Ratings.
It says, "The Indian government's strong efforts to shield banks from...
The annual budget in India is awaited with as much excitement as the birth of a child. Its impact on the lives of the people is, however, debatable. Over the last three decades, since the path breaking budget of Manmohan Singh as the finance minister in 1991, I can’t think of a single budget...
Consistently good agriculture performance, a flattening of the COVID-19 infection curve, and a pickup in government spending are all supporting the Indian economy and India is on track for an economic recovery in the fiscal year ending March 2022, says S&P Global Ratings
In a report...
