Tag Archives: India GDP

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 …

NEW DELHI: India, which appears to have returned to being the world’s sixth-largest economy in 2020, will once again overtake the UK to become the fifth-largest in 2025 and rush to third place in 2030, an expert group said Saturday. India had overtaken the UK in 2019 to become the …

“For a new relationship it is essential to get to know each other before you can establish the trust and security to work online and that need is greater in the case of government departments,” said Mehra, who had to stay a week in a hotel in Jodhpur. Increased demand …

India’s economy contracted 7.5% in the July-September quarter after a record 23.9% drop in the previous three months, pushing the country into a recession for the first time in its history. The contraction came despite the government lifting a strict two-month lockdown imposed across the country in March after the …

Rahul Gandhi said millions of people are out of work at MGNREGA New Delhi: Congressional MP Rahul Gandhi criticized the government today for reports that the economy has entered a recession and millions of rupees have been unemployed. He noted that the MGNREGA basic work plan, which was launched by …

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 …

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 …

Written by Udit Misra, edited by Explained Desk | New Delhi | Updated: November 23, 2020 10:15:56 am If this economy grows at an average annual rate of only 5 percent (instead of 8 percent) from year 3 onwards, it will take more than three years to reach the level …

India’s currency is strong, the stock market is rising, and long-term interest rates are under control. The technical recession that ruined the June and September quarters is probably over. Prime Minister Narendra Modi has rolled out the red carpet for industries ranging from automobiles and solar panels to specialty steels. …

The Indian economy is likely to enter a recession phase for the first time in the second quarter (July-September) of the current financial year, and the Gross Domestic Product is expected to contract by 8.6%, the Bank said. of the Reserve of India in a bulletin. released Wednesday. Technically, a …