Covid 19 Economy News

RBI projects India’s GDP growth rate at 10.5% for FY22

RBI projects India’s GDP growth rate at 10.5% for FY22

New Delhi: The Reserve Bank of India (RBI) on Thursday projected India’s gross domestic product (GDP) rate at 10.5% for Financial Year 2022, though country’s economy is limping due to devastating Coronavirus pandemic. RBI’s Monetary Policy Committee had projected this estimate during the policy announcement in April. Last month, the

Indian economy is recovering from the impact of 2nd Covid wave: Govt

Indian economy is recovering from the impact of 2nd Covid wave: Govt

New Delhi: The Indian economy is coming back on track after facing the lows during the devastating second wave of covid-19 following government’s endless efforts such as fiscal relief, monetary policy measures, and a rapid vaccination drive, the finance ministry said on Friday. “Maintaining a rapid pace on vaccination and

Eye on China, S Jaishankar calls for diversification of supply chains

Eye on China, S Jaishankar calls for diversification of supply chains

New Delhi: In his address to the Nikkei ‘Future of Asia’ conference on Thursday, foreign minister S Jaishankar mooted for diversification of supply chains from the current over-dependence on China. India, said Jaishankar, can “de-risk the global economy through more effective partnerships” calling for multiple engines of growth, in a