Editorial: Time to fight

The Asian Development Bank has revised down India’s economic growth forecast for the current fiscal to 10 per cent, from 11 per cent predicted earlier, citing the adverse impact of the second wave of the pandemic. This has shocked economic experts across the country. Many are confident that the nation will fight back and emerge successful. Continue Reading

‘Increased digital payment to better assess country’s GDP’

Finance Minister Nirmala Sitharaman on Friday said increased digitisation will help in making better assessment of the country’s economic growth and nudged tax practitioners to suggest their clients to shift towards digital modes of payments. Continue Reading

‘Indian economy witnessing V-shaped recovery’

Days after India reported a 23.9 per cent contraction in its gross  domestic product (GDP), the Department of Economic Affairs (DEA) in its Monthly Economic Review for August has said that the worst is over now as the Indian economy is going through a V-shaped recovery. Continue Reading

‘PSBs need external capital of up to Rs 2.1 trillion’

Public sector banks will need external capital of up to Rs 2.1 trillion over the next two years and the most likely source to plug this shortfall will be government support, Moody’s Investors Service said on Friday. Continue Reading

Data & AI may add 500 bn dollars to India’s GDP by 2025′

Data and Artificial Intelligence (AI) could add $450-500 billion to the country’s GDP by 2025 and to harness its full potential, India needs to take a coordinated action to enhance data and AI capabilities at scale across all sectors in the country, a new Nasscom report said on Tuesday. Continue Reading

Moody’s cuts India’s GDP growth forecast to 5.6 % from 5.8%

Moody’s Investors Service today cut India’s economic growth forecast for current year to 5.6 per cent from 5.8 per cent estimated earlier, saying GDP slowdown is lasting longer than previously expected. Continue Reading