Tag Archives: GDP

Former Congress President Rahul Gandhi continued his attack on the government on Saturday over declining Gross Domestic Product (GDP), job losses, and the growing number of Covid-19-related cases and deaths in the country. After mocking the Modi government, he said that its “well-planned fight against Covid-19 has put India in …

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 …

Goldman Sachs and Fitch Ratings on Tuesday forecast a deeper-than-previously estimated economic recession for India in fiscal year 21, arguing that limited fiscal support, fragilities in the financial system and a continued rise in coronavirus cases are hampering a rapid normalization of economic activity. Investment bank Goldman Sachs anticipates that …

Rahul Gandhi has blamed Prime Minister Modi for the sudden Covid lockdown that “destroyed the disorganized sector.” New Delhi: Congress leader Rahul Gandhi today released a new video targeting Prime Minister Narendra Modi and the central government for “destroying the disorganized sector”, which he had earlier called the backbone of …

Representative image NEW DELHI: Global rating agency Fitch on Tuesday drastically revised its forecast for GDP growth, estimating it to contract 10.5% in 2020-21, while Goldman Sachs expects it to decline 14.8% in the current fiscal year. Both entities have made sharp downward revisions to their forecasts after last month’s …

The Indian economy is the hardest hit among the major economies, US brokerage Goldman Sachs said on Tuesday, slashing its 2020-21 GDP forecast to a 14.8 percent contraction. He had previously estimated that the country’s economy, which is now home to the second-highest number of Covid-19 infections, will contract by …

Congress will formulate its strategy for Parliament’s monsoon session, which begins September 14, in a meeting on Tuesday. The party parliament strategy group meeting will be chaired by Congress Speaker Sonia Gandhi and will be attended by Rahul Gandhi, Ghulam Nabi Azad, Anand Sharma, AK Antony, Ahmed Patel, Jairam Ramesh, …

New Delhi: Calling the 23.9% drop in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said the bureaucracy should grow out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding that “sadly, after an …

Raghuram Rajan in his post wrote that the growth numbers should alarm everyone. (Proceedings) New Delhi: The government and its bureaucrats must be frightened by their complacency and stimulus is critical to avoid a “stunted” economy, former RBI chief Raghuram Rajan said in a post in response to what he …

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) …