The collapse of gross domestic product (GDP) growth by 23.9% for the period from April to June is not a surprise. The economy was under strict lockdown for most of the time to contain the pandemic. However, a little research turns up interesting trends. Mint take a look. What does …
Read More »Figures for the June quarter reflect a growing divergence between markets and macros
The sharp contraction in India’s gross domestic product (GDP) in the June quarter reflects the growing divergence between equity markets and the country’s weak macroeconomy. Government data released on Monday showed that the Indian economy contracted by a record 23.9% in the first quarter of fiscal 2021, mainly due to …
Read More »As India’s GDP shrinks sharply in the first quarter, other indicators show more pain ahead
The Indian economy contracted a whopping 23.9% in the June quarter, an unpleasant figure that the market largely expected. But more than the impression of the headline, what worried the markets were the gaps behind its calculation. In fact, the Central Statistical Organization (CSO) faced a major challenge in collecting …
Read More »India’s GDP figures could be the worst in decades. What the experts say – business news
The government will release gross domestic product (GDP) figures for the first quarter of the current financial year on Monday, which experts have said could be worse since the release of quarterly data in 1996. India’s economy is expected to contract mainly because the April-June 2020 quarter saw more of …
Read More »Five things to look out for in India’s GDP data from April to June
NEW DELHI: GDP data for the June quarter of fiscal year 21 to be released tonight would reveal the extent of the damage that the coronavirus pandemic has caused to the Indian economy. While India’s economy had slowed long before the pandemic hit, Asia’s third-largest economy is expected to enter …
Read More »India’s economy faces worst quarterly decline since closing
With more than 65,000 new infections a day and a total of cases exceeding 3 million in a country of 1.3 billion, India’s road to recovery appears to be long and difficult. A combination of monetary and fiscal measures to prop up the economy has fallen short, leaving millions of …
Read More »India’s GDP contraction could be one of the worst among G20 countries
NEW DELHI: The contraction of the Indian economy in the June quarter could be one of the worst among the G20 countries, weighed down by the coronavirus pandemic and the most severe lockdown that led to the disruption of business activities and a strong drop in consumption. demand. The National …
Read More »India’s growth to rebound from the second quarter of fiscal 21: EY report
India’s growth in the first quarter of the current financial year is likely to be “the worst” among the four quarters of fiscal year-21 due to economic disruptions caused by the Covid-19 pandemic, according to a report by EY India that indicates a better economic performance since the second quarter. …
Read More »The debt woes derail India’s plan to provide stronger fiscal support
[ad_1] By Anirban Nag and Vrishti Beniwal On the night of 12 May, Prime Minister Narendra Modi set the nation of 1.3 billion people abuzz with promises to unleash a massive stimulus to prop up an economy that faces its worst recession in decades. A week later, and after five …
Read More »Andhra Pradesh will resume interstate bus services starting tomorrow; 1,683 buses to navigate in non-containment areas
[ad_1] Coronavirus outbreak LAST updates: The Andhra Pradesh government will resume bus services within the state starting Thursday, ANI quoted Madireddy Pratap, Managing Director of the Andhra Pradesh State Highway Transportation Corporation as saying. At least 1,683 buses will run first on 434 routes in non-containment zones, he added. Booth …
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