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India Ratings & Research said the NSO projections for GDP growth in FY21 mean that the size of the Indian economy is expected to shrink to Rs 134.40 lakh crore in FY21 as against Rs 145.66 lakh crore in FY20.
The ministry was commenting on the first advanced estimates (AE) of the national income released by the National Statistical Office on Thursday, which projected 7.7 per cent contraction in GDP for the current fiscal year.
The comments came in the backdrop of an US Trade Representative (USTR) investigation which has concluded that India's two per cent digital services tax on e-commerce supply discriminates against American companies and is inco
Subbarao said the second positive aspect he sees is India's federalism, which, "warts and all", has withstood the test of vigorous democracy though there were tensions between the Centre and the states on some issues such as
In the midst of the coronavirus outbreak, the Narendra Modi government took a slew of measures to revive business following which the economy started returning back on the track since the second quarter of this financial year
Henry McKinnell who has been the former chief executive of pharmaceutical company Pfizer and also visiting India frequently since the 1970s said the increase in Covid cases in Asia’s third-biggest economy means its revival