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Economy may contract by 1.5% in FY21: RBI surveys

The survey, however, said that GDP is expected to revert to growth terrain next year, when it is likely to grow by 7.2 per cent. Illustration: Dominic Xavier/Rediff.com Consumer confidence has......

Indians face COVID-19 with record debt, stalled income

Many households and individuals have maintained their consumption levels either by cutting back on savings, or resorting to borrowing, or both.Krishna Kant reports. Kindly note the image has been......

More bad news for the economy; Q2 GDP growth now pegged at 4.7%

India's growth outlook has weakened sharply this year, with a crunch that started with the non-banking finance institutions spreading to retail businesses, car-makers, home sales and heavy......

Aug GST collection falls below Rs 1 trillion

The collections stood at Rs 98,202 crore in the month, against Rs 1.02 trillion in July. The figures indicate continuation of economic slow down which was reflected in the gross domestic product......

Rate cut may not spur corporate capex

Historically, there has been no correlation between growth in bank credit to industry and lower benchmark interest rate. Illustration: Dominic Xavier/Rediff.com The recent cut in benchmark......
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MoSPI

PFCE on vegetables was Rs 2.18 lakh crore in FY19 from Rs 2.29 lakh crore in the previous fiscal. NEW DELHI: Indian households spent lesser on... ...

https://economictimes.indiatimes.com/news/economy/indicators/households-spent-lower-on-vegetables-breads-cereals-pulses-in-fy19-mospi/articleshow/77091166.cms

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