Indian economy witnessing robust recovery: Piyush Goyal
3 years, 6 months ago

Indian economy witnessing robust recovery: Piyush Goyal

India TV News  

Union Minister Piyush Goyal has said that the Indian economy is witnessing a robust recovery and is on track to surpass pre-COVID-19 levels. "Indian economy is witnessing a robust recovery and is on track to surpass pre-COVID-19 levels. The FDI during the COVID-19 period has been the highest ever, as we have FDI of USD 81.72 billion in Financial Year 2020-21, more than 10 per cent than FY 2019-20 There was a Record Freight loading as Railways loaded highest ever freight of 114.8 MT in May 2021 which is 9.7 per cent higher than previous best of 104.6 MT in May 2019. Since last 9 months, Railways is continuously loading highest ever freight in respective months," Goyal who is Minister of Railway said.

Economy Indian Minister Covid Piyush Goyal Indian Economy Industry Associations Robust Recovery  piyush  2021  economy  indian  robust  covid19  highest  minister  industry  precovid19  goyal  witnessing  recovery

History of this topic

Govt confident of economic rebound despite global challenges, says Piyush Goyal
1 week, 5 days ago

Govt confident of economic rebound despite global challenges, says Piyush Goyal

Live Mint  

New Delhi: Despite global uncertainties owing to supply-chain disturbances following the Red Sea crisis, union commerce and industry minister Piyush Goyal has said he was confident that India's economic growth would be back on track by the end of the fiscal year. Speaking at Times Network’s India Economic Conclave on Thursday, Goyal said, "There was an election in the first …

India confident of better trade ties with US under Donald Trump: Piysuh Goyal
3 weeks, 5 days ago

India confident of better trade ties with US under Donald Trump: Piysuh Goyal

Live Mint  

Union commerce and industry minister Piyush Goyal on Thursday expressed confidence in the resilience of India-US relations as Donald Trump gears up for another term in the White House. India's exports Meanwhile, Goyal said India's total exports, including merchandise and services, are expected to cross $800 billion in 2024-25 despite challenges related to the pandemic and geopolitical crises like the …

India’s economy signals resilience even as exports dim outlook
1 year, 8 months ago

India’s economy signals resilience even as exports dim outlook

Live Mint  

India’s economic activity stayed resilient in March though the weakening pace of exports and an increase in unemployment dimmed the outlook for the country that’s surpassing China as the most populous nation. Last week, India’s Finance Minister Nirmala Sitharaman said her government was making “enough efforts” to ensure the economy stays buoyant though she expressed concern over the OPEC output …

India's services exports to cross $300bn target for this fiscal: Piyush Goyal
1 year, 11 months ago

India's services exports to cross $300bn target for this fiscal: Piyush Goyal

The Hindu  

The country's services exports are doing “extremely well” and going by the current trend these outbound shipments would register about 20% growth in this fiscal and cross the $300 billion target despite global economic uncertainties, Commerce and Industry Minister Piyush Goyal has said. With all these stress, where every global leader is talking of “very” tough times, India's exports rose …

Explained | Is the economy driving with the brakes on?
1 year, 11 months 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 …

Exports likely to record reasonable level of growth in 2022-23: Goyal
2 years, 5 months ago

Exports likely to record reasonable level of growth in 2022-23: Goyal

The Hindu  

The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Commerce and Industry Minister Piyush Goyal has said. "In these challenging times, the fact that India prepared itself structurally and strengthened our basic readiness and capability to expand exports…Therefore a reasonable level of growth from …

India has managed inflation better than developed countries amid global headwinds: Goyal
2 years, 5 months ago

India has managed inflation better than developed countries amid global headwinds: Goyal

Live Mint  

India has managed to maintain its inflation at a reasonable level compared to developed countries at a time when global shortage of certain commodities has push up the world inflation, said commerce and industry minister Piyush Goyal at an industry event in Tirupur in Tamil Nadu. "For most of the items, we have been able to maintain the prices much …

India's Economy Recovered Strongly Despite 3 Covid Waves, Jab Drive Laudable: US Report
2 years, 6 months ago

India's Economy Recovered Strongly Despite 3 Covid Waves, Jab Drive Laudable: US Report

News 18  

The Indian economy has rebounded strongly despite three significant COVID-19 waves, the US Treasury has said in a report to Congress. After recording a current account surplus of 1.3 per cent of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1 per cent of GDP in 2021. The return to a current …

India's economy recovered strongly despite 3 Covid waves: US Treasury report
2 years, 6 months ago

India's economy recovered strongly despite 3 Covid waves: US Treasury report

Hindustan Times  

The Indian economy has rebounded strongly despite three significant Covid-19 waves, the US Treasury has said in a report to Congress. After recording a current account surplus of 1.3 per cent of GDP in 2020, its first surplus since 2004, India returned to a current account deficit of 1.1 per cent of GDP in 2021. According to the Treasury, the …

India’s Q1 imports lift trade with China to record high
2 years, 8 months ago

India’s Q1 imports lift trade with China to record high

The Hindu  

A sharp increase in India’s imports of Chinese goods in the first quarter of 2022 lifted bilateral trade by 15% to a record $31.96 billion, trade data released by China on Wednesday show. In 2021, India’s trade with China surpassed the $100 billion mark for the first time to reach $125 billion, driven by demand for electronic products, chemicals and …

An already slowed Indian economy faces fresh risks
2 years, 9 months ago

An already slowed Indian economy faces fresh risks

Al Jazeera  

Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household spending and private investments, economists have said. The “surge in oil prices as a result of the crisis poses considerable risks to the Indian economy”, Aditi Gupta, an economist at Bank of Baroda, said …

Omicron worry: India's economic recovery could face disruption again, says UN
2 years, 11 months ago

Omicron worry: India's economic recovery could face disruption again, says UN

India Today  

The deadly wave of Delta variant-driven Covid infection claimed 240,000 lives between April and June last year and disrupted the economic recovery. “Similar episodes could take place in the near term,” the United Nation’s Economic forecast for India has stated, amid a rising number of Omicron infections in the country. However, India’s economic recovery is on a solid path, amid …

Covid-19: Omicron surge cripples several businesses, to hit economic recovery
2 years, 11 months ago

Covid-19: Omicron surge cripples several businesses, to hit economic recovery

India Today  

A fresh wave of Covid-19 infections in India has cast a shadow over economic recovery as several sectors have been impacted by fresh restrictions that have been announced in view of the situation. Numerous businesses spanning across multiple sectors have been impacted in light of the fresh restrictions imposed by states. While many people are still travelling despite the fresh …

What is the road ahead for Indian exports; will momentum continue?
3 years ago

What is the road ahead for Indian exports; will momentum continue?

Business Standard  

At the beginning of this fiscal, the Centre had set a merchandise export target of $400 billion for FY22, which at the time seemed ambitious. From April to November this year, they are up 51% to $263 billion and set to cross last year’s numbers by December.The rise in India’s exports could be attributed largely to the growth momentum in …

Explained: Is India's economy gaining immunity against Covid-19?
3 years, 3 months ago

Explained: Is India's economy gaining immunity against Covid-19?

India Today  

India’s economy is on track to rebound sharply after two waves of the Covid-19 pandemic dampened growth during all four quarters of FY21. A majority of financial analysts predict GDP growth at 18-20 per cent in the June quarter and remain optimistic about economic recovery in upcoming quarters as the second wave fades and more Indians get vaccinated against the …

India's economy shows signs of recovery as factory activity rises in July
3 years, 4 months ago

India's economy shows signs of recovery as factory activity rises in July

India Today  

India’s economy has shown signs of recovery in July as factory activity rebounded on the back of rising domestic and international demand. IHS Market’s survey confirmed that output rose at a robust pace, with over one-third of companies noting a monthly expansion in production as business rebound and Covid restriction ease. Read | Factory activity shrinks for first time in …

India Coming Out of Second Wave of Covid-19; Will Witness Strong Economic Recovery: Jaishankar
3 years, 5 months ago

India Coming Out of Second Wave of Covid-19; Will Witness Strong Economic Recovery: Jaishankar

News 18  

India is coming out of the second wave of the coronavirus pandemic and it will witness a strong economic recovery and contribute to being an engine of growth for the global economy, External Affairs Minister S Jaishankar said on Tuesday. In a virtual address at the inaugural session of the Indo-Pacific business summit, he said India will be a more …

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21
3 years, 6 months ago

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21

Associated Press  

NEW DELHI — India’s economy, pummeled by the coronavirus pandemic, contracted by 7.3% in the 2020-21 financial year, just before the country was hit by another catastrophic surge in infections. Daily new cases set global records, spurring many states to announce widespread restrictions and lockdowns. In January, a government survey estimated the economy -- previously one of the fastest growing …

Indian economy's ability to rebound on test amid threats from second wave
3 years, 6 months ago

Indian economy's ability to rebound on test amid threats from second wave

Hindustan Times  

The Indian economy’s resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one’s yet doubting its potential to pull off the world’s fastest pace of growth among major economies this year. Data due later Monday will probably show gross domestic product grew 1% in the three months ended March, making it the second …

Fiscal metrics to stay weak on COVID: S&P
3 years, 7 months ago

Fiscal metrics to stay weak on COVID: S&P

The Hindu  

An ongoing second wave of COVID-19 infections in India could hurt its near-term economic recovery and possibly diminish growth for the full year, S&P Global Ratings said on Tuesday. “India’s COVID wave will inevitably hit the recovery and could push growth below 10%,” said Shaun Roache, chief economist, Asia Pacific at S&P. “The longer it takes to regain control, the …

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P
3 years, 7 months ago

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P

News 18  

S&P Global Ratings on Wednesday said the second wave of Covid infections poses downside risks to India’s GDP and heightens the possibility of business disruptions. Last week another global rating agency Fitch had projected India’s economic growth in current fiscal at 12.8 per cent, while Moody’s Investors Service had earlier this month said that the second wave of Covid infections …

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB
3 years, 7 months ago

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB

News 18  

The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in Covid cases may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11 per cent in fiscal year 2021, which ends on March 31, …

World’s fastest recovery outlook at risk as Covid-19 sweeps India
3 years, 7 months ago

World’s fastest recovery outlook at risk as Covid-19 sweeps India

Live Mint  

Just two weeks ago, the International Monetary Fund upgraded India’s economic growth forecast to 12.5% -- the quickest rate among major economies. “This second wave of virus cases may delay the recovery, but it is unlikely in Fitch’s view to derail it,” the ratings company said in an April 22 statement. “While the rapidity with which cases are rising is …

Economic impact of 2nd Covid-19 wave could worsen in coming weeks. Here's why
3 years, 8 months ago

Economic impact of 2nd Covid-19 wave could worsen in coming weeks. Here's why

India Today  

A sharp surge in daily cases during the second wave of the Covid-19 pandemic has led to stricter lockdowns in most states. Brokerage firm Nomura recently said in a report that the pace of business activity resumption has taken a huge knock due to the mobility restrictions across Indian states. Business activity in India has started plummeting since the second …

V-shaped recovery unlikely as India's economy faces tougher Covid test
3 years, 8 months ago

V-shaped recovery unlikely as India's economy faces tougher Covid test

India Today  

India’s economic recovery has been cut short by an unprecedented Covid-19 wave that has forced many states to impose localised lockdowns. In January, the government said India’s economy would see a ‘V-shaped’ recovery as economic activity resumed in full swing after the first wave. ECONOMY FACES COVID TEST India’s gross domestic product could go through multiple revisions in the current …

India back to positive growth but Covid-19 still poses a downside risk, says IMF's Gita Gopinath | Exclusive
3 years, 8 months ago

India back to positive growth but Covid-19 still poses a downside risk, says IMF's Gita Gopinath | Exclusive

India Today  

The International Monetary Fund has projected an impressive 12.5 per cent growth rate for India in 2021, saying there is a normalisation of economic activity in the country. India Today TV and AajTak News Director Rahul Kanwal spoke to IMF's Chief Economist Gita Gopinath over the basis of the projection, what lies ahead and many other relevant issues, especially when …

Explained: 4 ways how fresh Covid-19 restrictions can disrupt economic recovery
3 years, 8 months ago

Explained: 4 ways how fresh Covid-19 restrictions can disrupt economic recovery

India Today  

A sharp rise in Covid-19 cases could severely slow down India’s economic recovery as many states have now started reimposing partial restrictions. India's economic recovery momentum could take a huge hit if states decide to impose stricter restrictions to contain the infection. Here are four ways in which fresh Covid curbs can hurt the economy: IMPACT ON ECONOMIC ACTIVITY A …

Will covid-19 halt India’s economic recovery once again?
3 years, 8 months ago

Will covid-19 halt India’s economic recovery once again?

Live Mint  

After months of erratic economic performance, India’s economic momentum had picked up pace last February, only to be stopped on its tracks by a global pandemic. Mint’s macro tracker shows a steady improvement in economic indicators over the past few months but a renewed surge in infections once again poses a threat to economic activity and investor sentiments. Launched in …

Railway Says Cumulative Freight Revenue Surged Past Previous Fiscal for First Time Since Pandemic
3 years, 10 months ago

Railway Says Cumulative Freight Revenue Surged Past Previous Fiscal for First Time Since Pandemic

News 18  

For the first time post the spread of COVID-19, Indian Railway’s cumulative freight revenue surged past previous fiscal and stood at Rs 98,068.45 crore from April to February in FY 2020-21 compared to Rs 97,342.14 crore in the corresponding period of FY 2019-20. On a monthly basis, railway freight revenue has surged Rs 206 crore ahead in February 21 compared …

Railways to be catalyst of change for Aatmanirbhar Bharat: Piyush Goyal
3 years, 10 months ago

Railways to be catalyst of change for Aatmanirbhar Bharat: Piyush Goyal

India TV News  

Railways Minister Piyush Goyal on Thursday said that the 2021 Budget has focussed on infrastructure projects in Indian Railways and the highest capital expenditure will act as a huge catalyst to revitalise the economy and lead towards Aatmanirbhar Bharat. Addressing a press conference, he said that Indian Railways is marching ahead on its bigger plan like achieving 100 per cent …

India's V-shaped recovery and a 'once-in-a-century' crisis: Economic Survey in 10 points
3 years, 10 months ago

India's V-shaped recovery and a 'once-in-a-century' crisis: Economic Survey in 10 points

India Today  

The Economic Survey 2020-21 has indicated that the Indian economy is cruising towards a much quicker growth recovery after the ‘once-in-a-century’ Covid-19 crisis. The Economic Survey has forecast a ‘V-shaped’ recovery for the economy and an 11 per cent real GDP growth in 2021-22. 4) The chief economic advisor also mentioned that the initial period of the pandemic — when …

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 …

Indian economy reviving at unforeseen pace: RBI
4 years ago

Indian economy reviving at unforeseen pace: RBI

India TV News  

As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly bulletin of the central bank for December said more evidence has emerged since the last bulletin which shows that the Indian economy is coming out …

Indian economy may return to pre-Covid levels by end of FY21: Rajnath Singh
4 years ago

Indian economy may return to pre-Covid levels by end of FY21: Rajnath Singh

Live Mint  

Rajnath Singh, defence minister of India, said the Indian economy is likely to return to pre-Covid levels by the end of this fiscal year i.e, FY 2020-21. Speaking at the virtual Valedictory Session of FICCI's 93rd Annual Convention held yesterday, Singh asserted that the economy will rebound by the end of FY21, which is much earlier than expected, a statement …

Indian economy witnessing V-shaped recovery: Finance Ministry report
4 years 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 …

RBI’s Das says India’s economic recovery stronger than expected
4 years 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 …

Recovery’s momentum stronger-than-expected, says RBI chief Shaktikanta Das
4 years ago

Recovery’s momentum stronger-than-expected, says RBI chief Shaktikanta Das

The Hindu  

India’s economy has exhibited a stronger-than-expected pick up in momentum of recovery following a multi-speed normalisation of activity in the second quarter, Reserve Bank of India Governor Shaktikanta Das said on Thurday. “The global economy has also witnessed a stronger than expected rebound in activity,” Mr. Das said at a Foreign Exchange Dealers’ Association of India event. “The monetary policy …

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 …

Indian economy shows signs of revival as we gear up to emerge from Chinese coronavirus pandemic
4 years, 1 month ago

Indian economy shows signs of revival as we gear up to emerge from Chinese coronavirus pandemic

Op India  

As India gradually emerges out of the strict and unyielding coronavirus lockdown it had imposed to curb the spread of the deadly contagion, the economy of the country which had come to a standstill is showing positive and encouraging signs of robust economic recovery. Perhaps the biggest growth story in the Automobile sector is charted by Maruti Suzuki which reported …

India’s exports grew 6% in Sep after 6-month decline
4 years, 2 months ago

India’s exports grew 6% in Sep after 6-month decline

Live Mint  

India’s outbound shipments rose for the first time in seven months with merchandise exports registering a 6% growth in September—higher than the estimated 5.3% in provisional data released earlier. India’s exports rose to $27.6 billion, while imports contracted 19.6% to $30.3 billion, resulting in a trade deficit of $2.7 billion, according to data released by the commerce ministry. In the …

Explained: Why India needs more than a V-shaped recovery to beat Covid-19 slowdown
4 years, 3 months ago

Explained: Why India needs more than a V-shaped recovery to beat Covid-19 slowdown

India Today  

Smarting under scathing criticism from the Opposition over historic contraction of the Indian economy in April-June 2020-21 quarter, the government has appeared to be championing a V-shaped growth projection. READ | Covid-19 may leave ‘permanent scar’ on India’s growth, show agency outlooks on GDP A majority of global ratings agencies and economists are concerned about the Indian economy’s long-term health. …

India is caught in a vicious cycle on demand pickup: USISPF chief Mukesh Aghi
4 years, 3 months ago

India is caught in a vicious cycle on demand pickup: USISPF chief Mukesh Aghi

Live Mint  

NEW DELHI: Mukesh Aghi, president and CEO of US-India Strategic Partnership Forum, a not-for-profit institution that works on boosting partnerships between the two countries, sees deeper economic ties around healthcare, defence, hi-tech, and agriculture, going ahead. In an interview to Mint, Aghi spoke of the recovery post covid-19, supply-chain realignments and why business imperatives could triumph political rhetoric around protectionism. …

COVID-19 impact: Railways traffic earnings down 42% till August, says Piyush Goyal
4 years, 3 months ago

COVID-19 impact: Railways traffic earnings down 42% till August, says Piyush Goyal

The Hindu  

With regular operations disrupted due to the COVID-19, the traffic earnings of the Railways has declined by over 42% to ₹41,844.31 crore till August over the same period last year, Parliament was told on Wednesday. “Consequently, the traffic revenue for the period, at ₹41,844.31 crore, has declined by 42.3% over the corresponding period last year,” Minister of Railways Piyush Goyal …

5 hurdles in path of India's economic recovery
4 years, 4 months ago

5 hurdles in path of India's economic recovery

India Today  

The Indian economy is going through a turbulent period with key indicators hinting at a prolonged slowdown. The report also mentioned that India’s economic recovery could take much longer than expected. India’s consumer demand is declining due to drop in household incomes in the wake of major job losses in the wake of a raging pandemic that has forced closures …

India's economic recovery unlikely this year as pandemic rages on
4 years, 4 months ago

India's economic recovery unlikely this year as pandemic rages on

India Today  

India’s economic recovery may take much longer than predicted earlier as GDP growth forecasts for the year remain in deep contraction zone in the wake of the Covid-induced slowdown. According to the report, India’s GDP is expected to contract 16.5 per cent during the June quarter as businesses struggle to cope with the losses incurred during the ongoing pandemic. While …

India's economy shows early signs of recovery
4 years, 4 months ago

India's economy shows early signs of recovery

India Today  

India’s economy is showing early signs of recovery four months after a strict lockdown was imposed in the country to contain the novel coronavirus outbreak. While imports in July are 70 per cent of last year’s level,” he said during the inaugural session of the India Virtual FMCG Supply Chain Expo 2020, organised by the Federation of Indian Chambers of …

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 …

Economy Revival: Indian Railways posts higher freight load in July than last year
4 years, 4 months ago

Economy Revival: Indian Railways posts higher freight load in July than last year

India TV News  

Indian Railways - held as the lifeline of the country- for being the principal mode of transportation in the country has brought massive news that raises hopes of a revival of the pandemic-battered economy. In July, the average speed of freight trains was 45.03 kmph which is around double compared to last year's 23.22 kmph for the same month, the …

India Remains a Key Contributor to Our Global Supply Chain Despite Economic Turbulence: Boeing
4 years, 4 months ago

India Remains a Key Contributor to Our Global Supply Chain Despite Economic Turbulence: Boeing

News 18  

Despite Covid-19 induced economic turbulence, aerospace major Boeing India plans to maintain its systems and components sourcing activity in India. Our sourcing from India stands at close to $1 billion a year from more than 200 suppliers who are manufacturing critical systems and components for some of Boeing's most advanced products," said Boeing India president Salil Gupte. "Our growing installed …

Discover Related