Tag Archives: recession

The coronavirus pandemic may have reduced India’s middle-class population by 32 million and brought 75 million below the poverty line in 2020, according to a report from the Pew Research Center, as a severe recession hit the third. Asia’s largest economy. The report, which is based on an analysis of …

Interior Minister Amit Shah spoke after virtually opening two highway bridges in Ahmedabad. New Delhi: Union Interior Minister Amit Shah said today that Prime Minister Narendra Modi had worked hard to revive the economy in recent months and that because of that, he expected India’s GDP to return to positive …

New Delhi: The surprising resilience shown by the manufacturing sector that restricted the GDP contraction to just 7.5 percent in the September quarter could be the result of a massive purge of costs such as the cost of employees by corporations and businesses, which could create a potential headwind in …

The Indian economy contracted 7.5% in the second quarter of 2020-21, better than most analysts expected, although the touch of gray to this ray of light was provided by the fact that, with the second Consecutive quarterly drop, technically in recession, as a result of the long-lasting effect of the …

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 …

India’s economy rebounded to a 7.5% contraction in the July-September quarter, gross domestic product (GDP) data released by the National Statistics Office (NSO) shows. The Indian economy grew 4.4% in the same period of the previous year. India, which is Asia’s third-largest economy, had seen a record 23.9% contraction in …

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 …

The broader markets were outperforming the benchmarks. Share market news today | Sensex, Nifty, stock prices LIVE: National benchmarks ranged between gains and losses on Friday morning. S&P BSE Sensex started trading at 44,325 points, while the 50-share Nifty was above 13,000, but the indices soon gave up gains to …

Concern about the depth of India’s recession is slowly being replaced by optimism that a recovery is taking hold. A number of indicators, from auto sales to service sector activity, rose last month, while alternative data points to strong demand in an economy driven primarily by domestic consumption. Data to …