Tag Archives: GDP data

India’s economy is poised for its biggest annual contraction in records dating back to 1952, as the rapid spread of coronavirus cases and measures to contain them hurt businesses and households. Gross domestic product will contract 7.7% in the financial year ending March 2021, the statistics ministry said in its …

Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: November 30, 2020 2:10:17 pm People load sacks of cement onto a truck outside a warehouse in Calcutta’s Chitpur area (Photographer: Arko Datto / Bloomberg) According to official data released last Friday, India’s gross domestic product (GDP) …

New Delhi: The surprising resilience shown by the manufacturing sector that restricted the GDP contraction to just 7.5 percent in the September quarter could be the result of a massive purge of costs such as the cost of employees by corporations and businesses, which could create a potential headwind in …

By: Express Web Desk | New Delhi | Updated: November 27, 2020 9:00:52 pm A worker works on the welding line at the Innova Crysta compact multipurpose vehicle (MPV) production line at the Toyota Kirloskar Motor Ltd. plant in Bidadi, Karnataka, India, Wednesday, September 9, 2020 (Photographer: Dhiraj Singh ). …

Economists expect business activity to have recovered after months of slowdown caused by the coronavirus India’s gross domestic product (GDP) contracted 7.5 percent in the July-September period, as the economy rebounded from a record 23.9 percent drop in the previous quarter due to the slowdown caused for the coronavirus pandemic. …

India’s economy rebounded to a 7.5% contraction in the July-September quarter, gross domestic product (GDP) data released by the National Statistics Office (NSO) shows. The Indian economy grew 4.4% in the same period of the previous year. India, which is Asia’s third-largest economy, had seen a record 23.9% contraction in …

The economy was pushed into a record contraction in the June quarter due to COVID-19 restrictions. India’s gross domestic product (GDP) is expected to have declined in the July-September period, but at a softer pace compared to the previous quarter, as business and economic activities rebound after months of slowdown …

There has been a significant improvement in the economy during the second quarter, said Dinesh Khara, president of the State Bank of India. Khara spoke at the Hindustan Times Leadership Summit 2020. “I will relate the improvement to the unlock situation. Unlocks lead to increased demands, which leads to significant …

Mumbai: The Indian economy will contract 9% in 2020-21 as coronavirus infections are still at their peak and the government is not providing adequate direct fiscal support, the Crisil rating agency said Thursday. In May, Crisil had estimated that the economy would contract 5%. The latest projection comes days after …

Written by Aanchal Magazine, P Vaidyanathan Iyer | New Delhi | September 7, 2020 4:35:13 am While a contraction in GDP was expected from April to June, there are clear signs that the second quarter will also contract, and July and August show no promise of a major recovery. (Proceedings) …