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Observing that the retreat of the second wave of coronavirus pandemic has been slow, the RBI in an article on the 'State of Economy' said, the aggregate demand conditions are buoyed by the release of pent-up demand post unloc
As per the survey, about 81 per cent of the respondents expected that the second wave in India would not have an adverse impact on the exports for their sectors in the first half of the current year than the comparable period
"We must frame in mind that if you have a GDP decline, the impact of that is felt far more on the vulnerable sector — whether it is the corporate sector or the individual," Chief Economic Adviser said.
In terms of the recovery in the economic growth, Dr Rangarajan feels not much can be expected from the first quarter of this year since nearly one month and a half was lost completely with focus completely on the huge spurt i
The Centre’s fiscal deficit spiked to as high as 9.3% of the gross domestic product (GDP) in FY21, as revenue collections crawled while the need for spending to soften the Covid blows grew. In the current fiscal, the Centre
Clearly, additional transfers from the Centre by way of Rs 45,000 crore as tax devolution in excess of the Revised Estimate from the divisible pool due to improved tax receipts in March, eased the stress on states’ finances