By Mihir Sharma, India is recovering from a quadruple hit that is virtually unique even during this pandemic. First, growth has suffered an impact that appears to be greater than any of its peers, with GDP contracting 23.9% in the first quarter after the pandemic. While the economy has reopened …
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India’s shrinking economy does not prevent foreign investors from pouring money into the nation’s stocks betting on a recovery. International buyers invested $ 6 billion net in stocks in Asia’s third-largest economy in August, the most since March last year. That’s because all the other markets in the region except …
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Congressman Rahul Gandhi today tweeted a list of “Modi-caused disasters” (file) New Delhi: Congressional leader Rahul Gandhi continued to attack the government on Wednesday, two days after a record drop in GDP amid the coronavirus crisis and as Chinese forces continue to engage in provocative military actions in Ladakh, listing …
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India’s record contraction last quarter delays economic progress by several years and leaves Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion nearly out of reach. The 23.9% drop in gross domestic product in the June quarter from a year earlier, the …
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File photo of the leader of Congress, P Chidambaram. One day after a 24% drop in GDP signaled India’s worst economic contraction on record, Chidambaram confronted Sitharaman for his “act of God” comment, calling it a man-made disaster. News18.com New Delhi Last update: September 1, 2020 8:30 pm IST FOLLOW …
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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 % …
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A man wearing a protective mask walks past a dog sitting on a sack of garlic in a closed wholesale market after authorities announced the closure for one day this week in the state of West Bengal, amid the spread of coronavirus disease (COVID-19), in Kolkata. (Reuters) For the first …
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Chief economic adviser Krishnamurthy Subramanian said “the recovery is clearly underway” Highlight COVID-19 has caused exogenous impact in India, says Chief Economic Advisor Krishnamurthy Subramanian says undoubtedly the numbers must be better ahead The country’s GDP contracted 23.9% in the June quarter The coronavirus pandemic has had an exogenous impact …
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Written by Udit Misra, Nushaiba Iqbal | New Delhi | Updated: September 1, 2020 7:10:53 am Migrant workers return to New Delhi from parts of Uttar Pradesh on August 8, 2020 (Photo Express: Praveen Khanna). Although most people expected India’s GDP to show a substantial contraction when the Ministry of …
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NEW DELHI : India’s economy contracted by a historic 23.9% in the June quarter, earning the nation the grim distinction of the fastest-shrinking major economy, a downward spiral that has been triggered by the coronavirus crisis. The GDP data highlighted the extent of the economic damage inflicted by the pandemic …
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