Tag Archives: indian economy

By: ENS Economic Bureau | New Delhi | Updated: November 28, 2020 9:25:44 am While this is the case in most world economies, what might be of concern is that, even with a lower rate of contraction compared to the first quarter, the Indian economy remains one of the worst …

India’s economy contracted 7.5 percent between July and September, being the poorest among the major advanced and emerging economies and entering a technical recession for the first time since independence, official data showed on Friday. Although the figures were an improvement over last quarter’s record 23.9 percent contraction, they indicate …

India’s economy contracted 7.5% in the July-September quarter after a record 23.9% drop in the previous three months, pushing the country into a recession for the first time in its history. The contraction came despite the government lifting a strict two-month lockdown imposed across the country in March after the …

NEW DELHI: India and Pakistan, two of the largest nations in South Asia, began their economic trip about the same time after gaining independence. Not many know that there was a time in the 1960s when Pakistan’s GDP per capita used to be higher than India’s. However, over the years, …

India entered an unprecedented recession with the economy contracting in the three months to September due to the lingering effects of the shutdowns to contain the Covid-19 outbreak. Gross domestic product fell 7.5% in the last quarter from a year earlier, the Statistics Ministry said on Friday. That was milder …

India’s gross domestic product or GDP contracted 7.5% in the quarter ending September compared to the same period last year, data released by the Union’s Ministry of Statistics and Program Implementation showed (Mospi) on Friday. India’s GDP fell 23.9% in the April-June quarter, the worst in decades, amid the coronavirus-induced …

NEW DELHI: India gross domestic product (GDP) for the second quarter ended Sept. 30 shrank 7.5 percent, government data showed on Friday. However, this rate of contraction is considerably slower than the 23.9 percent drop in the previous quarter. Despite some green shoots being visible in the economy, India’s GDP …

There has been a significant improvement in the economy during the second quarter, said Dinesh Khara, president of the State Bank of India. Khara spoke at the Hindustan Times Leadership Summit 2020. “I will relate the improvement to the unlock situation. Unlocks lead to increased demands, which leads to significant …

The Indian economy has shown a stronger than expected rebound in the recovery, Reserve Bank of India Governor Shaktikanta Das said on Thursday, adding that there is a need to keep an eye on the sustainability of demand after the end of the festivities. Speaking at the annual event of …

Average forecasts put India’s second quarter number near a 10% contraction; In the first quarter, India’s GDP decline was most pronounced among G20 nations Topics India GDP growth | Indian economy India may well be the slowest growing economy, out of a list of 24 countries, in the July-September quarter. …