Economists expect business activity to have recovered after months of slowdown caused by the coronavirus India’s gross domestic product (GDP) contracted 7.5 percent in the July-September period, as the economy rebounded from a record 23.9 percent drop in the previous quarter due to the slowdown caused for the coronavirus pandemic. …
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Written by Udit Misra | New Delhi | Updated: November 13, 2020 7:28:24 am The seal of the Reserve Bank of India (RBI) is displayed on a door outside the RBI headquarters in Mumbai. (Reuters photo: Danish Siddiqui) In its last monthly newsletter, November, the Reserve Bank of India has …
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The Reserve Bank’s number is driven by cost cuts at companies that boosted operating profit India’s economy likely contracted for the second consecutive quarter, according to a team of economists that included Michael Patra, the central bank’s deputy governor in charge of monetary policy, pushing the country into an unprecedented …
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