India could well be the fastest growing Asian economy in calendar year 2021 (CY21) if Nomura’s forecasts are to be believed. The foreign research and brokerage house expects the Indian economy, measured by gross domestic product (GDP), to grow at 9.9 percent in 2021, dwarfing China (GDP growth in 2021 …
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“However, high optimism among investors continues unabated, as seen in equity markets around the world. With the US dollar further weakening in November, growth prospects in the rest of the world have strengthened.” , said. The Indian economy is experiencing a V-shaped recovery, as the Gross Domestic Product (GDP) has …
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During the week, the BSE Midcap Index rose 1.66%, cleverly jumping after a midweek correction. Sensex and Nifty continued their stellar run, as they added earnings once again this week. Nifty managed to exceed 13,000 points for the first time in history, while Sensex crossed 44,000 points. Although they witnessed …
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NEW DELHI: India economy contracted for the second consecutive quarter, but the rate of decline dropped dramatically in all three period of the month ending September like the agricultural sector it remained strong as manufacturing returned to the positive zone. However, critical services segments fell for the second consecutive quarter. …
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India’s gross domestic product or GDP contracted 7.5% in the quarter ending September compared to the same period last year, data released by the Union’s Ministry of Statistics and Program Implementation showed (Mospi) on Friday. India’s GDP fell 23.9% in the April-June quarter, the worst in decades, amid the coronavirus-induced …
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NEW DELHI: India gross domestic product (GDP) for the second quarter ended Sept. 30 shrank 7.5 percent, government data showed on Friday. However, this rate of contraction is considerably slower than the 23.9 percent drop in the previous quarter. Despite some green shoots being visible in the economy, India’s GDP …
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The broader markets were outperforming the benchmarks. Share market news today | Sensex, Nifty, stock prices LIVE: National benchmarks ranged between gains and losses on Friday morning. S&P BSE Sensex started trading at 44,325 points, while the 50-share Nifty was above 13,000, but the indices soon gave up gains to …
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NEW DELHI: India’s economy likely contracted for the second quarter in a row, according to a team of economists including Michael Patra, the central bank’s deputy governor in charge of monetary policy, pushing the country into an unprecedented recession. Gross domestic product contracted 8.6% in the quarter ending September, the …
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Congressional leader Rahul Gandhi once again targeted Prime Minister Narendra Modi, claiming that India has entered a recession due to decisions made by the prime minister. “India has entered a recession for the first time in history. Modi’s actions have turned India’s strength into its weakness, ”Gandhi tweeted on Thursday. …
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NEW DELHI: Finance Minister Nirmala Sitharaman on Tuesday it said there were visible signs of recovery, but India gross domestic product (GDP) could be in negative zone or close to zero in the current fiscal year in the wake of the ongoing coronavirus pandemic. Speaking at CERAWeek’s India Energy Forum, …
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