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GDP See a downward trajectory

FICCI, the industrial body of India has reported India’s GDP for the year 2020-21 to -4.5% as per the economic body survey. This forecast makes a downward revision which has estimated the growth estimate to be 5.5 percent reported earlier this year in January.

With uncertainty in the business environment and an unexpected shift in priorities of the government as well as corporates, many startups are struggling to survive, a survey by FICCI says

Mumbai: Reliance Industries on Saturday said that Jio Platforms received subscription amounts of Rs 30,062.43 crore from four investors for 6.13 per cent stake in total.

New Delhi. Demand for boycott of Chinese goods is increasing in India due to border dispute. Apart from this demand of the people, the government also started restricting business affairs with China.

Overall recovery in economy may take 2-3 years; more fiscal support needed: Munjal

Pitching for more fiscal support to revive the economy, Hero Enterprises Chairman Sunil Kant Munjal on Friday said the overall recovery in the economy may take 2-3 years even as some sectors could see a quicker recovery.

Mumbai, Jul 10 (PTI) Top five private sector banks may see their slippages double to 5 per cent this fiscal due to the poor loan offtake and the moratorium-driven contraction in net interest margins, warns a report.

Experts believe that it is in India’s interest to gradually distance itself from China and pursue free trade agreements with US, Canada, UK and European Union member countries

Many economists and analysts in India are not as optimistic as govt is for a V-shaped recovery. Private Final Consumption Expenditure is prime driver of Indian economy with about 60 % share in GDP

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