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 …
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Written by Udit Misra, Nushaiba Iqbal | New Delhi | Updated: October 16, 2020 7:18:11 am A man works at a construction site in Dharmsala, Tuesday, Oct. 13, 2020 (AP Photo: Ashwini Bhatia) The latest update of the International Monetary Fund on the Outlook for the world economy published on …
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New Delhi: According to the International Monetary Fund (IMF), India will fall below Bangladesh in terms of gross domestic product (GDP) per capita this year, due to the national lockdown imposed to contain the spread of the COVID-19 pandemic. According to the IMF-World Economic Outlook (WEO), Bangladesh’s GDP per capita …
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August has been the best month (so far) in terms of economic activity since the imposition of a nationwide lockdown in India on March 25. However, the ongoing economic recovery is skewed in nature and faces systemic headwinds from within. Services in shrinkage zone, even when accumulation increases The Purchasing …
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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 …
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