Budget 2020

Indian economy out of technical recession; Q3 GDP expands 0.4%

India’s economy returned to growth in the December quarter, ending a recession induced by two successive quarters of economic contraction, and the recovery, which the the government termed as ‘V’ shaped, is expected to gather pace. The Gross Domestic Product (GDP) grew 0.4 per cent in the October-December 2020 period compared with the same period […]

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Expectations of GDP growth in Q3, Q4 becoming strong: PHDCCI

NEW DELHI: 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 on Saturday. It said out of the 10 indicators of QET (Quick Economic Trends) of economic and business […]

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New Year cheer: Nomura’s business index hits a new high

NEW DELHI: In an encouraging start to the new year, financial services major Nomura on Monday said its weekly tracker that measures economic normalisation in India, has touched a new high starting January reflecting a further moderation in new cases and also indicated an economic upcycle in 2021. Led by an improvement in mobility indices, […]

Budget 2020

Services PMI signals rise in activity for a second month

The recovery in the Indian services sector was sustained in November as new work orders supported business activity growth and the first rise in employment in nine months, a monthly survey showed on Thursday. The seasonally adjusted India Services Business Activity Index posted above the critical 50 mark that separates growth from contraction for the […]

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India’s business activity hits another post-lockdown high but pandemic revival a key risk: Nomura

Business activity in India rose to another post-lockdown high over the past week after plateauing the week earlier, but the revival of the pandemic threat posed a key risk post festive season, according to brokerage firm Nomura. The Nomura India Business Resumption Index (NIBRI) touched 87.1 for the week ended November 22, against 84.4 of […]