NEW DELHI: India’s record contraction in the last quarter delays economic progress by several years and puts Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion almost out of reach. The 23.9% drop in gross domestic product in the June quarter from …
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NEW DELHI: India’s gross domestic product (GDP) growth for the first quarter (ended June 30) of the 2020-21 financial year saw the largest quarterly decline of 23.9%, data released by the government on Monday. The sharp contraction in GDP figures is mainly due to the closure of business activity during …
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After an initial blowout Monday morning that pushed the S&P BSE Sensex to the day high of 40,010.17, markets lost ground as the trade progressed. The S&P BSE Sensex lost more than 1,200 points in intraday trading to hit a low of 38,714.43 as trading progressed. Around 2:45 p.m., the …
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