India’s currency is strong, the stock market is rising, and long-term interest rates are under control. The technical recession that ruined the June and September quarters is probably over. Prime Minister Narendra Modi has rolled out the red carpet for industries ranging from automobiles and solar panels to specialty steels. …
Read More »
India’s manufacturing activity expanded at its fastest pace in more than eight years in September, as a relaxation in coronavirus lockdown restrictions fueled a surge in demand and production, a private survey showed Thursday, though layoffs continued. Signs of recovery are good news for Asia’s third-largest economy, which is expected …
Read More »
Written by George Mathew, Sandeep Singh, edited by Explained Desk | New Delhi | Updated: September 6, 2020 2:47:13 pm India’s foreign exchange (forex) reserves increased by $ 3.883 billion to hit an all-time high of $ 541.431 billion in the week ending August 28. (File photo) India’s foreign exchange …
Read More »
The Indian economy was in one of its worst slowdown phases even before the Covid-19 pandemic. GDP growth fell continuously for eight quarters (except for a flash of 0.08 percentage points between December 2018 and March 2019. It was 8.2% in March 2018 and had fallen to only 3.1 % …
Read More »