While the country’s GDP previously fell by a record 23.9 percent in the first fiscal quarter, the economy is estimated to have substantially reduced the contraction to single digits in the second quarter. GDP Q2 FY 2020-21: The Ministry of Statistics and Program Implementation (MOSPI) plans to publish the GDP …
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The Union cabinet on Wednesday approved a proposal to offer as much as ₹1.45 trillion in incentives to persuade global companies in 10 sectors, including automobiles, drugs and textiles, to establish factories in India as they seek to diversify their supply chains amid tension between the United States and China. …
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India’s manufacturing activity expanded at its fastest pace in more than eight years in September, as a relaxation in coronavirus lockdown restrictions fueled a surge in demand and production, a private survey showed Thursday, though layoffs continued. Signs of recovery are good news for Asia’s third-largest economy, which is expected …
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Goldman Sachs and Fitch Ratings on Tuesday forecast a deeper-than-previously estimated economic recession for India in fiscal year 21, arguing that limited fiscal support, fragilities in the financial system and a continued rise in coronavirus cases are hampering a rapid normalization of economic activity. Investment bank Goldman Sachs anticipates that …
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NEW DELHI: Three-year-old Texas celebrated her birthday on August 31, a day after Prime Minister Narendra Modi put the spotlight on India’s toy industry on his Mann ki Baat radio show. Modi emphasized the need to increase local toy production and increase India’s share of the global toy market, set …
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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 …
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NEW DELHI: GDP data for the June quarter of fiscal year 21 to be released tonight would reveal the extent of the damage that the coronavirus pandemic has caused to the Indian economy. While India’s economy had slowed long before the pandemic hit, Asia’s third-largest economy is expected to enter …
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[ad_1] With many companies reflecting on the idea of expanding their manufacturing bases in more than one country, India has taken a step forward to attract them to offer land and promise a fruitful future.Image: Reuters In what may be a major setback to Prime Minister Narendra Modi’s ambitious plan …
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[ad_1] “Look at London, talk to Tokyo” is an expression that is sometimes used to describe a wink or a squint. But this could literally be a fitting metaphor for Prime Minister Narendra Modi’s Rs 20-lakh-crore stimulus announced to revive India’s economy affected by the COVID-19 pandemic. Behind Modi’s obvious …
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[ad_1] In April, the government contacted more than 1,000 companies in the US. USA And through missions abroad to offer incentives to manufacturers seeking to move from China, according to Indian officials who asked not to be identified, citing rules for speaking to the media. India is prioritizing medical equipment …
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