Tag Archives: indian economy

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 …

Finance Minister Nirmala Sitharaman on Thursday told banks to set up loan restructuring schemes by September 15 to rescue all viable business units affected by the Covid-19 pandemic. She was holding a review meeting with the heads of scheduled commercial banks and non-bank finance companies (NBFCs) via video conference. Top …

NEW DELHI: The government on Thursday defended its decision to open various economic activities amid mounting COVID-19 cases, saying it firmly believes that “while lives are important, livelihoods are just as important.” With a single-day record peak of 83,883 infections, India’s number of COVID-19 cases rose to 38,53,406, while the …

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? …

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 % …

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 …

Written by Udit Misra, Nushaiba Iqbal | New Delhi | Updated: September 1, 2020 7:10:53 am Migrant workers return to New Delhi from parts of Uttar Pradesh on August 8, 2020 (Photo Express: Praveen Khanna). Although most people expected India’s GDP to show a substantial contraction when the Ministry of …

NEW DELHI : India’s economy contracted by a historic 23.9% in the June quarter, earning the nation the grim distinction of the fastest-shrinking major economy, a downward spiral that has been triggered by the coronavirus crisis. The GDP data highlighted the extent of the economic damage inflicted by the pandemic …

The collapse of gross domestic product (GDP) growth by 23.9% for the period from April to June is not a surprise. The economy was under strict lockdown for most of the time to contain the pandemic. However, a little research turns up interesting trends. Mint take a look. What does …

The sharp contraction in India’s gross domestic product (GDP) in the June quarter reflects the growing divergence between equity markets and the country’s weak macroeconomy. Government data released on Monday showed that the Indian economy contracted by a record 23.9% in the first quarter of fiscal 2021, mainly due to …