Tag Archives: India GDP

The Indian economy will become the third largest in the world by 2050 after the United States and China, according to a study published in the Lancet. India is currently in fifth place followed by France and the United Kingdom. The researchers studied the trends in the working-age population of …

NEW DELHI: The World Bank on Thursday projected a 9.2% contraction for the Indian economy, steeper than the 3.2% estimated in June, highlighting the impact of the pandemic-induced lockdown and the income impact experienced by households and small businesses. urban service companies. “However, there is substantial uncertainty related to the …

India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …

Sachin Pilot backed Rahul Gandhi stating: “Industries are closing down and the economic outlook is bleak.” Jaipur: Congressional leader Sachin Pilot has said the issues recently raised by former party chief Rahul Gandhi are justified because industries are shutting down, the country’s economic landscape is bleak, and people are losing …

Rahul Gandhi has accused the Modi government of failing to handle the COVID-19 pandemic effectively New Delhi: Congressional Leader Rahul Gandhi said today that his “well-planned fight” against the coronavirus has reportedly put India in an “abyss” of 24 percent GDP reduction, 12 million rupee job losses, loans 15.5 crore …

Mumbai: The Indian economy will contract 9% in 2020-21 as coronavirus infections are still at their peak and the government is not providing adequate direct fiscal support, the Crisil rating agency said Thursday. In May, Crisil had estimated that the economy would contract 5%. The latest projection comes days after …

The Congress party launched an online campaign on Thursday to attack the government for handling the Covid-19 situation. The central theme of the party’s campaign is unemployment; It has alleged that job losses increased due to the government’s mishandling of the pandemic. A host of Congressional leaders, including former party …

Global rating and research houses such as Fitch and Goldman Sachs have cut their estimates of growth for India’s gross domestic product (GDP) for the current fiscal year 2020-21 (FY21). While Fitch now expects the country’s GDP to contract 10.5 percent in fiscal year 21 compared to its previous estimate …

Investment bank Goldman Sachs said Tuesday that it expects the Indian economy to experience a deeper recession in fiscal year 21 with a 14.8% contraction from its previous estimate of an 11.8% drop in economic activity. “In light of the second quarter GDP report (June quarter), we are making further …

New Delhi: Calling the 23.9% drop in economic growth in the June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said the bureaucracy should grow out of complacency and take meaningful action. The current crisis requires a more thoughtful and active government, he said, adding that “sadly, after an …