Asharp rebound in economic activity strengthened India’s gross domestic product (GDP) growth in the second quarter of the year, but rising inflation could disrupt the recovery. Data suggests that inflation is gradually rising in the country, though it remains within the Reserve Bank of India’s (RBI) target of 2-6…
Goods and Services Tax (GST) collections jumped to over Rs 1.31 lakh crore in November, the second highest since its implementation in July 2017, in line with the trend in economic recovery, the finance ministry said on Wednesday. “The gross GST revenue collected in the month of November 2021 is Rs 1,31,526 crore…
Indian shares rose marginally on Tuesday ahead of growth data that is expected to show the country’s economic recovery strengthened in the second quarter, buoyed by a pick-up in consumer spending. The blue-chip NSE Nifty 50 index was up 0.75% at 17,180.70 by 9:23 am, while the benchmark S&P BSE Sensex rose…
Indian shares ended higher on Tuesday, with the blue-chip Nifty index surpassing the 16,000 level for the first time, as investors bet on a faster recovery in Asia’s third-largest economy following a devastating second COVID-19 wave. The NSE Nifty 50 index ended up 1.55% at 16,130.75 and the benchmark S&P BSE…
More than 30 lakh people lost jobs in July despite a recovery in some key economic indicators as the impact of the second Covid wave eases. The latest data from the Mumbai-based Centre for Monitoring Indian Economy (CMIE) indicated that 3.2 million or 32 lakh jobs were lost in July. By the end of July, 76.49 million or…