Economy

Indian experiencing faster-than-expected recovery Rising demand and falling infection rates have tempered S&P Global Ratings’ expectation of COVID's hit on the Indian economy, having it to revised the real GDP growth to negative 7.7% for the year ending March 2021,...

The travel market is fragmented, says Technavio India’s travel services market is poised to grow by US$56 billion, a CAGR of about 19% during 2020-2024, according to Technavio. COVID-19 will have a low impact on the travel services market, said...

Mastercard joints Govt in Digital Saksham initiative Both the private and public sectors are getting together to raise the Micro, Small and Medium Enterprises' (MSMEs) contribution to the Indian economy to 50% and contribution to exports to 60% by becoming...

ADO revises India's inflation to 5.8% The Asian Development Bank (ADB) has projected an 8% contraction for the Indian economy in 2020-21, an upgrade from the 9% degrowth estimated earlier, saying the economy has begun to normalize. The Asian Development...

India faces a race against technology, says Shanmugaratnam The next phase of India’s development must involve a major step-up in both social and economic transformation, Singapore’s Senior Minister Tharman Shanmugaratnam says in a book launched on 7 Dec 2020. The...

India-US discuss IP issues FICCI is committed to exploring areas of cooperation and partnership to establish a favourable innovation and IP ecosystem in India, an India-US dialogue session was told on 4 Dec 2020. The ecosystem will address IP concerns...

ASSOCHAM shares RBI optimism on economic growth First discontinuation of Automatic Caution Listing and now External Trade Facilitation measures announced by RBI on 4 Dec 2020 has been really providing big support to exports, said Sharad Kumar Saraf, President, Federation...

Policy focus on reviving growth The Reserve Bank of India (RBI) expects the economy to record positive growth in the second half of the current financial year, with a 7.5% contraction for the whole year, an improvement over its previous...

IAB Tech Lab to strengthen local cooperation in the regional markets IAB Tech Lab of the United States has appointed digital expert Shivendra Misra as Director and selected New Delhi for expansion in the Asia-Pacific (APAC) region, covering the markets...

Aggregate revenues grew by 34.9% in Q2 India Inc has been gradually reverting to normalcy as the lockdown-related restrictions eased, leading to the pace of Y-o-Y revenue contraction reduced to 6.5% from 32.6% in the first quarter, said ICRA Ratings...