India’s gross domestic product (GDP) contracted 23.9 percent in the April-June quarter of 2020-21 compared to the same quarter of the previous financial year, official data released by the National Bureau of Statistics showed ( NSO) on Monday. This was mainly due to limited economic activity in the country during …
Read More »As India’s GDP shrinks sharply in the first quarter, other indicators show more pain ahead
The Indian economy contracted a whopping 23.9% in the June quarter, an unpleasant figure that the market largely expected. But more than the impression of the headline, what worried the markets were the gaps behind its calculation. In fact, the Central Statistical Organization (CSO) faced a major challenge in collecting …
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 »BJP government attacks informal sector: Rahul Gandhi
Former Congress President Rahul Gandhi on Monday launched a scathing attack on the central government led by the Bharatiya Janata Party (BJP), claiming it has destroyed the economy by repeatedly attacking the informal structure. “There is an attempt to make you a slave,” he said in a 3.38-minute video on …
Read More »Contraction fears, today’s GDP data will mark the Covid effect and the recession phase
Written by Aanchal magazine | New Delhi | Updated: August 31, 2020 6:56:37 am According to the Center for Monitoring the Indian Economy (CMIE), salaried jobs suffered the greatest impact during the shutdown, with a total loss estimated at 18.9 million during April-July. The Gross Domestic Product (GDP) from April …
Read More »India’s GDP contraction could be one of the worst among G20 countries
NEW DELHI: The contraction of the Indian economy in the June quarter could be one of the worst among the G20 countries, weighed down by the coronavirus pandemic and the most severe lockdown that led to the disruption of business activities and a strong drop in consumption. demand. The National …
Read More »ExplainSpeaking: What to Look for in Tomorrow’s GDP Data
Written by Udit Misra, edited by Explained Desk | New Delhi | Published: August 30, 2020 7:26:16 am Migrant workers return to New Delhi from parts of Uttar Pradesh on August 10, 2020. In large numbers, the workers had left the city due to the Covid-19 shutdown. (Express photo: Praveen …
Read More »India’s growth to rebound from the second quarter of fiscal 21: EY report
India’s growth in the first quarter of the current financial year is likely to be “the worst” among the four quarters of fiscal year-21 due to economic disruptions caused by the Covid-19 pandemic, according to a report by EY India that indicates a better economic performance since the second quarter. …
Read More »In the Covid-19 package by Nirmala Sitharaman, 10 interventions for the agricultural sector
[ad_1] The third tranche of the Rs 20 lakh crore economic aid package announced by Finance Minister Nirmala Sitharaman focused on financing far-reaching reforms in the agricultural sector to not only revive economic growth but also unlock its latent potential by opening production and marketing routes. The measure is likely …
Read More »Third tranche of the economic package to focus on agriculture, allied activities: FM Sitharaman
[ad_1] Union Finance Minister Nirmala Sitharaman announced on Friday that agriculture and allied activities will be the focus of the third tranche of the economic package to combat the damage caused by the coronavirus pandemic in the country. “I am going to announce 11 measures and eight of them are …
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