GDP contraction will significantly ease in Q2: Khara
4 years, 1 month ago

GDP contraction will significantly ease in Q2: Khara

Live Mint  

State Bank of India chairman Dinesh Kumar Khara on Thursday said India’s economic contraction is expected to ease significantly in the September quarter amid a revival in demand. Addressing the virtual Hindustan Times Leadership Summit, Khara said he expects India’s gross domestic product to contract 8-9% in the three months to September, narrowing from a 23.9% contraction in the June quarter that saw a strict nationwide lockdown aimed at containing the pandemic. In the backdrop of criticism about a RBI panel recommending banking licences for large corporates, Khara said the ownership structure of a bank doesn’t matter, if the corporate governance is tight. Over a period of time, he said, regulation has become strict, and RBI’s internal working group has recommended amending the banking legislation to ensure adequate oversight mechanism in place.

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Indian Economy To Recover In Q3 As Rural Demand Continues To Climb, Says State Of The Economy Report
Trending News
2 weeks, 1 day ago

Indian Economy To Recover In Q3 As Rural Demand Continues To Climb, Says State Of The Economy Report

ABP News  

India’s gross domestic product growth is expected to make a comeback in the third quarter of the current financial year, the latest State of the Economy report by the Reserve Bank of India revealed. This revival is being backed by robust festive activity and a consistent upswing in rural demand, the report authored by RBI staff including Deputy Governor Michael …

India must shift its policy focus to address the demand deficiency that ails its economy.
4 weeks ago

India must shift its policy focus to address the demand deficiency that ails its economy.

Live Mint  

Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. Rural wages have been stagnant for the last 10 years, but even general wages have shown a decline in real terms for both rural and urban areas for more than a decade. The Centre’s strategy for managing food inflation has largely …

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts
4 months, 2 weeks ago

Goldman Sachs cuts India’s 2024 and 2025 GDP growth forecasts

Hindustan Times  

Goldman Sachs Group Inc. has lowered India’s growth forecast by 20 basis points each for this year and the next, citing a contraction in central government expenditure. India’s growth next year will be hampered by the government’s commitment in the budget to bring down the fiscal deficit to below 4.5% of gross domestic product. Expansion will also face headwinds from …

GDP growth impresses, but rural demand remains a worry
7 months, 1 week ago

GDP growth impresses, but rural demand remains a worry

New Indian Express  

India’s economic growth seems to be going gangbusters. Ending nearly a decade-long wait, real GDP growth crossed the 8 percent mark, touching 8.2 percent in 2023-24. Provisional data released by the National Statistics Office also showed that the gross value added—net of subsidies and taxes, and hence considered a better measure of economic activity—grew by 7.2 percent. Agriculture and allied …

Real GDP growth may hit 8% this fiscal year, signals FinMin
9 months, 2 weeks ago

Real GDP growth may hit 8% this fiscal year, signals FinMin

The Hindu  

India’s economy may well end up growing by about 8% this fiscal, outstripping the 7.6% real GDP growth projected by the National Statistical Office, the Finance Ministry signalled on Friday, citing the continuing momentum in economic activity in the ongoing final quarter of 2023-24. Despite risks such as “hardening crude oil prices” and “global supply chain bottlenecks to trade”, the …

Explained | Is the economy driving with the brakes on?
2 years ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers
2 years, 1 month ago

India's Q2 GDP Data Today: Key Things To Watch Out For In Latest Economic Growth Numbers

News 18  

India’s Q2FY23 GDP Growth: India’s GDP data for the July-September 2022 quarter will be released today at 5.30 pm. Analysts expect India’s gross domestic product to have grown in the range of 5.8 per cent and 7.2 per cent during the second quarter of 2022-23, which is lower than the previous quarter. Now, in the Q2FY23, manufacturing growth based on …

Economy resilient, on course to acheive 7% growth in FY23: RBI article
2 years, 1 month ago

Economy resilient, on course to acheive 7% growth in FY23: RBI article

The Hindu  

With headline inflation beginning to show signs of easing, the domestic macroeconomic outlook appears to be resilient and on course for about 7% GDP growth in the current fiscal though India is still sensitive to global headwinds, according to an article released by the RBI on Friday. In the article, the authors - led by RBI Deputy Governor Michael Debabrata …

India’s GDP likely slowed to 6.5% in Q2
2 years, 1 month ago

India’s GDP likely slowed to 6.5% in Q2

Live Mint  

After double digit expansion in the first quarter, India’s economic growth will likely slow to 6.5% in the second quarter largely due to the high base and erosion of corporate profitability due to inflation, according to economists. In fact, the second half of FY23 will likely see a sharp deceleration in growth on account of the global economic environment, which …

The Indian Economy In 2022 And What We Can Look Forward To In 2023 - News18
2 years, 2 months ago

The Indian Economy In 2022 And What We Can Look Forward To In 2023 - News18

News 18  

Opinion | The Indian Economy In 2022 And What We Can Look Forward To In 2023 Curated By : Last Updated: December 31, 2022, 10:30 IST India is simultaneously moving on all fronts. That the Indian economy is not overburdened with debt, particularly external debt, puts it in a good position to realise its ambitions in 2023 and beyond The …

Sitharaman says India’s fundamentals sound because of steps taken by govt
2 years, 7 months ago

Sitharaman says India’s fundamentals sound because of steps taken by govt

Live Mint  

Finance minister Nirmala Sitharaman on Wednesday said India’s fundamentals are sound due to several steps taken by the government such as reducing corporate tax, ensuring that the economy is greatly digitized and bringing in the Goods and Service Tax and bankruptcy code. Citing a study, Sitharaman said the Pradhan Mantri Garib Kalyan Yojana reduced the probability of borrowing money significantly …

India on cusp of major economic recovery: Niti Aayog VC
2 years, 9 months ago

India on cusp of major economic recovery: Niti Aayog VC

Hindustan Times  

India is on the cusp of a major economic recovery and talks of possible stagflation are "overhyped" as a strong economic foundation is being laid with the reforms carried out by the government over the last seven years, Niti Aayog Vice Chairman Rajiv Kumar said on Sunday. "Given all the reforms that we have done in the last seven years, …

From steady growth to lower inflation: 6 key takeaways from RBI Annual Report 2022-23
2 years, 10 months ago

From steady growth to lower inflation: 6 key takeaways from RBI Annual Report 2022-23

India Today  

The Reserve Bank of India on Tuesday released its annual report 2022-23, where it shed light on different aspects of the Indian economy, ranging from GDP growth to inflation. Moderate inflation risks The RBI said inflation has moderated with downward corrections in global commodity and food prices and “easing of the pass-through from high input cost pressures of last year”. …

Is India's economy back on track? Here's what to expect from Q2 GDP numbers
3 years, 1 month ago

Is India's economy back on track? Here's what to expect from Q2 GDP numbers

India Today  

India’s economy witnessed a sharp recovery after the second Covid-19 wave battered growth earlier in the year. In the first quarter of FY22, the country’s GDP growth accelerated to a record 20.1 per cent on the back of improvement in the pandemic situation, aided by rising vaccination and reopening of the economy. Read | India’s GDP grows at over 20% …

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service
3 years, 4 months ago

India's economy shows signs of recovery as restrictions ease, says Moody's Investors Service

Firstpost  

In its August update to ‘Global Macro Outlook 2021-22’, Moody’s retained India’s growth forecast for the 2021 calendar year at 9.6 percent and seven percent for 2022 New Delhi: Moody’s Investors Service on Tuesday said the economic activity in India is picking up with the gradual easing of COVID restrictions and there could be further upside to growth as economies …

India growth outlook trimmed, more downgrades seen likely
3 years, 8 months ago

India growth outlook trimmed, more downgrades seen likely

Live Mint  

The record-setting COVID-19 wave in India has not had much impact so far on economic growth forecasts, with economists polled by Reuters cutting their buoyant outlook only slightly over the past few weeks, though most said further downgrades could be coming. Now that's close to the lower end of market expectations, which ranges up to double-digit growth," said Prakash Sakpal, …

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth
3 years, 10 months ago

India's GDP growth turns positive, but experts caution against celebrating 0.4% growth

India Today  

Though India’s economic health continues to slowly improve, a comprehensive recovery is yet to be seen. It had contracted by 23.9 per cent in April-June 2020 and by 7.5 per cent in July-September 2020; in the October-December 2020 period, it grew 0.4 per cent. The Finance Ministry’s Economic Survey 2020-21 projects that India’s real GDP growth in FY22 will be …

India Exits Recession, Economy Records 0.4% Growth in December Quarter
3 years, 10 months ago

India Exits Recession, Economy Records 0.4% Growth in December Quarter

News 18  

India’s economy returned to growth in the December quarter, ending a recession induced by two successive quarters of economic contraction, and the recovery, which the the government termed as ‘V’ shaped, is expected to gather pace. The NSO said, “GDP at Constant Prices in Q3 of 2020-21 is estimated at Rs 36.22 lakh crore, as against Rs 36.08 lakh crore …

India's GDP grows by 0.4% in 3rd quarter, exits contraction phase
3 years, 10 months ago

India's GDP grows by 0.4% in 3rd quarter, exits contraction phase

India Today  

The Indian economy has finally bounced back into growth territory, ending technical recession, in the October-December period after two consecutive quarters of GDP contractions. In its first advance estimates released in January, it had projected a contraction of 7.7 per cent for the current fiscal as against a growth of four per cent in 2019-20. Economists and research firms had …

Indian economy heading towards V-shaped recovery in 2021: Assocham
3 years, 11 months ago

Indian economy heading towards V-shaped recovery in 2021: Assocham

The Hindu  

India's economy is showing decisive signs of a 'V-shaped' recovery in 2021 with the return of consumer confidence, robust financial markets, an uptick in manufacturing and exporters braving it out in the global market with never-say-die spirit, Assocham said on Sunday. "The high-frequency data is a strong pointer to a V-shaped recovery in 2021 with the seeds bursting into green …

India's GDP to Contract 7.8% in FY 2021, Technical Recession to End in Fourth Quarter if Current Fiscal: Icra
4 years ago

India's GDP to Contract 7.8% in FY 2021, Technical Recession to End in Fourth Quarter if Current Fiscal: Icra

News 18  

Domestic rating agency Icra Ratings expects the technical recession in the country's economy to end in the fourth quarter of the current fiscal, limiting the contraction in the GDP to 7.8 per cent in the financial year 2021. With a steady performance of the agricultural sector and a lagged recovery in the contact-intensive parts of the services sector, the agency …

Economy Reviving Faster Than Expected Not Only Due to Pent Up Demand: FM Nirmala Sitharaman
4 years, 1 month ago

Economy Reviving Faster Than Expected Not Only Due to Pent Up Demand: FM Nirmala Sitharaman

News 18  

Finance Minister Nirmala Sitharaman on Friday said the economy reflating at a rate faster than previously expected is not just due to pent up demand but also because of additional demand coming in, and the recovery will sustain. However, Sitharaman said the consistent Rs 1 lakh crore GST collections for two months and expansion plans of industry in core sectors …

Indian economy witnessing V-shaped recovery: Finance Ministry report
4 years, 1 month ago

Indian economy witnessing V-shaped recovery: Finance Ministry report

Live Mint  

The Indian economy is witnessing a V-shaped recovery as the Gross Domestic Product has recorded a quarter-on-quarter growth of 23% in the July-September quarter of this fiscal, according to the Finance Ministry's latest Monthly Economic Review. The fundamentals of the economy remain strong as gradual scaling back of lockdowns, along with the astute support of Atmanirbhar Bharat Mission has placed …

Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters
4 years, 1 month ago

Slower GDP Contraction for India in Q2, But Economic Pain will Linger on for Several Quarters

News 18  

The Indian economy continues to contract although the pace of contraction has slowed. Three, the GDP data for the June and September quarters this year are based only on initial estimates based on economic activity in primarily the organised sector. And four, the first six months of the ongoing fiscal year still show double digit economic contraction, pushing India into …

Speed of India's Economic Recovery a 'Pleasant Surprise': Niti Aayog Vice Chairman
4 years, 1 month ago

Speed of India's Economic Recovery a 'Pleasant Surprise': Niti Aayog Vice Chairman

News 18  

Niti Aayog Vice Chairman Rajiv Kumar on Friday termed the speed of India’s economic recovery as a “pleasant surprise” and said manufacturing shows a positive growth that confirms a rebound. India’s economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for …

India's GDP Contracts 7.5 % in July-September, Economy Enters Technical Recession
4 years, 1 month ago

India's GDP Contracts 7.5 % in July-September, Economy Enters Technical Recession

News 18  

India’s Gross Domestic Product contracted 7.5% in the July-September period in comparison to the same period last year, according to data released by the National Statistical Office on Friday. India has struggled to kick-start an economy that is expected to shrink 9.5% this year, according to estimates released by India’s central bank governor Shaktikanta Das last month. Meanwhile, the International …

RBI’s Das says India’s economic recovery stronger than expected
4 years, 1 month ago

RBI’s Das says India’s economic recovery stronger than expected

Live Mint  

Mumbai: Reserve Bank of India Governor Shaktikanta Das on Thursday said the Indian economy has seen stronger-than-expected pickup in recovery after the sharp contraction in the first quarter. Even as the growth outlook has improved, downside risks to growth continue due to recent surge in infections in advanced economies and parts of India,” the governor said while speaking at a …

Indian Economy May Be Recovering Faster Than Anticipated: Oxford Economics
4 years, 1 month ago

Indian Economy May Be Recovering Faster Than Anticipated: Oxford Economics

News 18  

The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics. It further said that inflation is expected to average significantly above 6 per cent in the fourth quarter of the current fiscal and the RBI may hold …

Indian economy witnessing strong recovery: Sitharaman
4 years, 1 month ago

Indian economy witnessing strong recovery: Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Thursday said the Indian economy is witnessing a strong recovery after a long and strict lockdown. Giving out details of recovery, she said composite purchasing managers index rose to 58.9% in October versus 54.6% in the previous month, registering strongest increase in output in close to nine years. Daily railway freight tonnage grew by an …

India in 'Technical Recession' for 1st Time in History, Says RBI in 'Nowcast'; July-Sept GDP to Contract 8.6%
4 years, 1 month ago

India in 'Technical Recession' for 1st Time in History, Says RBI in 'Nowcast'; July-Sept GDP to Contract 8.6%

News 18  

For the first time in history, India’s economy has entered a “technical recession” in the first half of 2020-21, a team of economists, including Michael Patra, Reserve Bank of India’s deputy governor in charge of monetary policy, stated. The government had in August reported a 23.9 percent contraction in its Gross Domestic Product for the April-June quarter. The central bank …

GDP to contract 8.6% in Q2; India has entered recession for first time, says RBI official
4 years, 1 month ago

GDP to contract 8.6% in Q2; India has entered recession for first time, says RBI official

Firstpost  

Researchers have used the ’nowcasting’ method to arrive at the estimates ahead of the official release of data and their views in an article in RBI’s monthly bulletin released on Wednesday do not constitute the central bank’s views Mumbai: The GDP is likely to contract by 8.6 percent for the July-September period, which means India will enter into a recession …

GDP to contract 8.6% in Q2; India entered recession for first time: RBI official
4 years, 1 month ago

GDP to contract 8.6% in Q2; India entered recession for first time: RBI official

Live Mint  

Mumbai: The GDP is likely to contract by 8.6 per cent for the July-September period, which means India will enter into a recession for the first time in history in the first half of this fiscal with two successive quarters of negative growth due to the COVID-19 pandemic, as per an RBI official. The pandemic-induced lockdowns had led to a …

GDP shrank 8.6% in Q2 pushing economy into recession: RBI
4 years, 1 month ago

GDP shrank 8.6% in Q2 pushing economy into recession: RBI

The Hindu  

India’s economy rebounded sharply in the wake of the reopening from lockdowns, slowing the pace of its contraction to 8.6% in the second quarter, a ‘nowcast’ in the RBI’s monthly bulletin showed on Wednesday. An Economic Activity Index, which tracks real-time data from 27 monthly indicators, showed the economy had rebounded sharply from May/June, with industry normalising faster than contact-intensive …

Sitharaman says visible signs of economic revival but GDP growth may remain near zero in current fiscal
4 years, 2 months ago

Sitharaman says visible signs of economic revival but GDP growth may remain near zero in current fiscal

India TV News  

Finance Minister Nirmala Sitharaman on Tuesday said there were visible signs of revival in the economy but the GDP growth may be in the negative zone or near zero in the current fiscal. Growth in power demand stood at 10.2 per cent YoY for October versus 4.6 per cent for September. Exports turned positive to 5.3 per cent YoY in …

Sustainable economic recovery may narrow down GDP contraction in FY21, says FM
4 years, 2 months ago

Sustainable economic recovery may narrow down GDP contraction in FY21, says FM

Live Mint  

Asit Ranjan Mishra: Finance Minister Nirmala Sitharaman on Tuesday indicated that India’s GDP contraction may narrow down to near zero in FY21 if India’s ongoing economic revival remains sustainable in the second half of the financial year. However, following the unlocking of the economy starting June, India’s manufacturing PMI expanded to its highest level in over eight-and-half years at 56.8 …

IMF sees India’s GDP shrink 10.3%
4 years, 2 months ago

IMF sees India’s GDP shrink 10.3%

Live Mint  

The International Monetary Fund on Tuesday forecast India’s gross domestic product to contract 10.3% in FY21, in a downward revision of its June forecast of a 4.5% drop, reflecting the worse-than-anticipated contraction in economic activity in the fiscal first quarter due to the nationwide lockdown, as well as the rapidly-spreading pandemic. In its biannual World Economic Outlook, IMF said all …

Signalling optimism: The Hindu Editorial on RBI holding rates
4 years, 2 months ago

Signalling optimism: The Hindu Editorial on RBI holding rates

The Hindu  

The RBI has used its latest monetary policy review to unequivocally indicate that it will prioritise the revival of economic growth over inflation, at least through the end of the current financial year. The bank’s reconstituted Monetary Policy Committee, with three new external members, unanimously voted to keep policy interest rates unchanged even as it categorically stated that the RBI …

India's GDP to contract by 9.5% in FY21, growth may turn positive in Jan-March: RBI Governor
4 years, 3 months ago

India's GDP to contract by 9.5% in FY21, growth may turn positive in Jan-March: RBI Governor

India Today  

RBI Governor Shaktikanta Das said on Friday, "India's GDP to contract by 9.5 per cent in FY21." RBI Governor Shaktikanta Das explained that India's recovery is likely to be a three-speed recovery, with individual sectors showing varying paces depending on sector-specific realities. According to the World Bank, India's GDP growth is likely to contract 9.6 per cent in FY21, a …

Rate of Decline in Key Segments of Economy Has Slowed in July, Says Assocham
4 years, 4 months ago

Rate of Decline in Key Segments of Economy Has Slowed in July, Says Assocham

News 18  

New Delhi: The rate of decline in output of core segments of the economy has been arrested significantly in July, industry chamber Assocham said on Monday. After a contraction of 15 per cent in Q1 of 2020-21 over the same quarter in the previous fiscal, coal production dropped at a much lesser pace of 5.7 per cent in July, it …

India’s growth story has never seemed so endangered
4 years, 4 months ago

India’s growth story has never seemed so endangered

Live Mint  

We all knew it would be bad, but no one could have predicted just how bad. Supply and credit links, which had been largely cash-based in the informal sector, among others, remained broken even after high-denomination currency came back into circulation, and some small businesses and poorer households—we will likely never know how many—never recovered to their level of well-being …

Finally, it falls to the farmer to rescue India\'s parlous GDP
4 years, 4 months ago

Finally, it falls to the farmer to rescue India\'s parlous GDP

Deccan Chronicle  

New Delhi: The release of GDP data for the corona-disrupted first quarter of 2020-21 on Monday came as a shocker despite the foreboding there had been for weeks earlier. "We are witnessing a V-shaped recovery as the economy unlocks E-way bills at 99.9 per cent vs August last year despite local lockdowns. As per the data, manufacturing has entered recession …

After sharpest GDP fall, chief economic advisor Subramanian says India witnessing V-shaped recovery
4 years, 4 months ago

After sharpest GDP fall, chief economic advisor Subramanian says India witnessing V-shaped recovery

India Today  

GDP numbers are out and they spell trouble for the Indian economy, already reeling under the pressure of the novel coronavirus pandemic and the subsequent nationwide lockdown. At -23.9 per cent, India is staring at a recession because the Indian economy has witnessed a contraction in growth for the two consecutive quarters now. Manufacturing, construction, trade, hospitality and transport which …

Govt consumption key to support demand growth in economy, says RBI
4 years, 4 months ago

Govt consumption key to support demand growth in economy, says RBI

India Today  

Indian government consumption will support current economic demand while private consumption is likely to lead a recovery that takes hold after the coronavirus pandemic eases, the central bank said on Tuesday. “Going forward, government consumption is expected to continue pandemic-proofing of demand.” Private consumption will come back gradually with non-discretionary spending leading the way, until a durable increase in disposable …

Early signs of India economic recovery wane as coronavirus surges
4 years, 4 months ago

Early signs of India economic recovery wane as coronavirus surges

Live Mint  

India’s economic activity monitors are beginning to flatline just months after showing signs of returning to life. Latest data from Apple Inc. and Alphabet Inc.’s Google showed mobility suffered in recent weeks after notching up an increase since May, when Asia’s third-largest economy began exiting a nationwide lockdown to contain the coronavirus outbreak. More indicators The Nomura India Business Resumption …

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh
4 years, 5 months ago

Indian economy to see sharp V-shaped recovery in Q3, Q4: N.K. Singh

The Hindu  

India will see a sharp V-shaped recovery in the third and fourth quarters of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman N.K. Stating that global economic depression will continue to cast shadow on growth prospects next fiscal, Mr. Singh …

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh
4 years, 5 months ago

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh

News 18  

India will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman NK Singh said on Monday. The growth projections for current year by various global and domestic agencies indicate …

Economy on course for full-year contraction this fiscal; recovery from COVID-19 disruptions remain clouded: DBS Bank
4 years, 7 months ago

Economy on course for full-year contraction this fiscal; recovery from COVID-19 disruptions remain clouded: DBS Bank

Firstpost  

According to DBS, consumer discretionary sectors, production and services are likely to take longer to recover. New Delhi: The Indian economy is on course for a full-year contraction this fiscal, as recovery prospects from COVID-19 related disruptions remain “clouded”, according to DBS Bank India economist Radhika Rao. Stating that the 2Q20 will provide a clearer picture of the economic slump …

Special Correspondent MUMBAI
4 years, 7 months ago

Special Correspondent MUMBAI

The Hindu  

The Indian economy is likely to contract by over 10% in FY21 on account of COVID-19 impact, Arthur D Little says in a report. “India is headed towards a W-shaped economic recovery with a potential GDP contraction of 10.8% in FY21,” said Barnik Chitran Maitra, lead author of the report and Managing Partner & CEO of Arthur D Little, India …

RBI Measures to Revive Economy Get Thumbs Up, But What’s Next?
4 years, 8 months ago

RBI Measures to Revive Economy Get Thumbs Up, But What’s Next?

The Quint  

As COVID-19 exacerbates India's economic woes – with the country staring at an inevitable recession – RBI governor Shaktikanta Das on Friday, 17 April, made a slew of announcements. Liquidity measures, repo rate cuts, and expansion of bank credit flow were among the highlights. Now, according to the central bank's own survey before the lockdown, India was expected to grow …

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