2021-01-29 14:20:00
INDIA WILL UP BY 11%
REUTERS - JANUARY 29, 2021 - India’s government forecast a robust economic recovery of 11% for fiscal 2021-22 in its annual economic statement presented to parliament on Friday, on the back of the roll out of a massive vaccination drive.
India’s economy is projected to contract 7.7% in the current financial year ending March 31, after economic activity was hit by the pandemic, leading to job losses for millions of workers, particularly employed by small businesses.
The survey, which comes just ahead of the union budget for the new fiscal year that Finance Minister Nirmala Sitharaman is set to present on Monday, also forecast a “V-shaped” economic recovery.
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Earlier:
2021, January, 20, 14:40:00
INDIA INDEXES UP
The blue-chip NSE Nifty 50 index rose 0.4% to 14,574 and the benchmark S&P BSE Sensex was up 0.3% at 49,544.75
2020, November, 12, 13:50:00
INDIA'S ECONOMY STIMULUS $16 BLN
The government will spend 1.2 trillion rupees ($16.1 billion) on the latest stimulus program in addition to the 1.45 trillion rupees announced on Wednesday,
2020, November, 11, 14:35:00
INDIA ENERGY CONSUMPTION WILL DOUBLE
"India is set to nearly double its energy consumption over the long-term," Prime Minister Narendra Modi told the virtual forum. "Our energy sector will be growth-centric, industry friendly and environment-conscious."
