The government and its bureaucrats must be frightened by their complacency, says the former RBI governor The 23.9% contraction in the GDP growth figures for the first quarter of the fiscal year 2020-21 “should alarm us all” and the government and its bureaucrats must “be scared of their complacency” and …
Read More »Rahul Gandhi on Freezing Center Jobs to Cut Costs
Rahul Gandhi has criticized the central government’s handling of the economy and the Covid pandemic. New Delhi: A day after sharing a list of “Modi-triggered disasters,” including the highest unemployment rate in 45 years, Congressional leader Rahul Gandhi continued his attack on the BJP-led central government today, taking out highlight …
Read More »India faces increasingly slim policy options after record drop in GDP
India’s record contraction last quarter delays economic progress by several years and leaves Prime Minister Narendra Modi’s ambitious goals of doubling the size of the economy to $ 5 trillion nearly out of reach. The 23.9% drop in gross domestic product in the June quarter from a year earlier, the …
Read More »Many acts behind the worst economic recession in the world
India’s gross domestic product (GDP) contracted by 23.9% in the June quarter, the largest contraction since the quarterly GDP figures were first released in 1996. It is also the most severe contraction among all the countries. great economies. Mint explains why. How severe is the contraction of the Indian economy? …
Read More »India’s economy was facing the worst slowdown in history before the Covid-19 hit
The Indian economy was in one of its worst slowdown phases even before the Covid-19 pandemic. GDP growth fell continuously for eight quarters (except for a flash of 0.08 percentage points between December 2018 and March 2019. It was 8.2% in March 2018 and had fallen to only 3.1 % …
Read More »India’s economy shrinks 23.9%, worst in decades
India’s gross domestic product (GDP) fell 23.9% in the April-June quarter, official data released by the Union’s Ministry of Statistics and Program Implementation (Mospi) on Monday showed in amid the coronavirus-induced pandemic that affected businesses and livelihoods across the country. . India’s economy had grown at 3.1% in the January-March …
Read More »India’s GDP: GDP growth contracted 23.9% in the first quarter from 3.1% in the previous quarter | India Business News
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 …
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 »Maharashtra sees highest single-day jump with 1,602 new COVID-19 cases; total rises to 27,524
[ad_1] Coronavirus Outbreak LATEST Updates: Maharashtra on Thursday reported 1,602 fresh COVID-19 cases, the highest single-day spike so far, taking the state’s overall count to 27,524, according to state health department data. With 44 deaths registered today, the death toll in Maharashtra due to the contagious coronavirus disease has now …
Read More »Eight laborers dead, over 50 injured in bus-truck collision in Madhya Pradesh’s Guna
[ad_1] Coronavirus Outbreak LATEST Updates: Eight laborers were killed and around 50 were injured after the truck they were traveling in collided with a bus in Madhya Pradesh’s Guna on Wednesday night, ANI reported. The injured laborers have been shifted to a district hospital. They were going to their home …
Read More »