India

The Indian economy will suffer its deepest contraction on record this fiscal year and recent government stimulus does not go far enough to significantly boost activity depressed by the coronavirus pandemic, according to economists polled by Reuters. With over 7.6 million coronavirus infections, India is the second worst hit country in the world after the
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By Andy Mukherjee India’s Covid-19 economic gloom turned into despair this week, on news that its per capita gross domestic product may be lower for 2020 than in neighboring Bangladesh. “Any emerging economy doing well is good news,” Kaushik Basu, a former World Bank chief economist, tweeted after the International Monetary Fund updated its World
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MUMBAI: India’s September retail spending rose 12% from August with revival strongest in rural areas, according to data collated by CMS Info Systems, which handles cash movement and ATMs across the country. The biggest increase was seen in spending related to ecommerce, fast-moving consumer goods (FMCG), consumer durables, insurance, utility payments, healthcare, logistics and transportation,
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New Delhi: Amid the coronavirus pandemic, India and South Africa on Friday proposed a waiver from certain provisions of the global intellectual property rights (IPR) agreement to prevent, contain and treat Covid-19 through unimpeded and timely access to affordable medical products including diagnostic kits, vaccines, medicines, personal protective equipment and ventilators. Stating that developing countries
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NEW DELHI: India has initiated an anti-dumping probe against two products imported from China, following complaints by domestic companies. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) is probing alleged dumping of ‘Hydrofluorocarbon (HFC) Blends’, used in commercial and residential air conditioning; and ‘Decor paper‘ from China. SRF Ltd has filed an
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New Delhi: India Ratings and Research (Ind-Ra) on Friday said it has maintained a negative outlook on transport and energy infrastructure for second half of the current financial year. It said the negative outlook stems from likely low demand in the sectors. “India Ratings and Research (Ind-Ra) has maintained a negative outlook on energy and
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NEW DELHI: India has pitched for elevating India-Arab economic partnership commensurate with the strategic partnership between the two sides and exploring opportunities to utilise Arab World’s FTA with US and EU for Indian businesses. “India-Arab relations are founded on strong traditional ties and deepening political understanding. Our economic relations have to be stepped up to
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NEW DELHI: The COVID– 19 pandemic has provided a unique opportunity to both India and Japan to further strengthen economic ties by enhancing cooperation in areas like software development, modern technology, infrastructure and manufacturing, according to a report. The report, prepared by Shardul Amarchand Mangaldas and FICCI, also said that Japan has always treated India
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New Delhi: Trade ministers of India and 10-member ASEAN countries have instructed their officials to start discussions for determining the scope of review of free trade agreement (FTA) at the earliest with a view to make the pact more user-friendly, simple, and trade facilitative for businesses. The issue was discussed during the 17th ASEAN-India Economic
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NEW YORK: The Indian government’s plan to connect over six lakh villages with optical fibre network is the kind of “generational projects” required to build the country better in a post-COVID world as it focuses on the inclusion and leapfrogging access to information and services, a top UN official has said. On India’s 74th Independence
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