India Economy

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India Economy - Total results - 46
80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data
India

80% of India's informal workers lost jobs during COVID lockdown, 63% survived on two meals a day, shows data

Government needs to take action regarding job security, social security benefits, food security, health benefits, and safety in the informal sector in such a way that it not only manages the current crisis, but also immunises the sector from future shocks

GDP to contract 8.6% in Q2; India has entered recession for first time, says RBI official
Business

GDP to contract 8.6% in Q2; India has entered recession for first time, says RBI official

Researchers have used the 'nowcasting' method to arrive at the estimates ahead of the official release of data and their views in an article in RBI's monthly bulletin released on Wednesday do not constitute the central bank's views

India's GDP expected to contract by 9.6% this fiscal, says World Bank report
India

India's GDP expected to contract by 9.6% this fiscal, says World Bank report

The spread of COVID-19 and containment measures have severely disrupted supply and demand conditions in India, the World Bank said in its latest South Asia Economic Focus report

The Modi paradox: At 70, his 7 deadly sins for 'liberals' are why his supporters love him
India

The Modi paradox: At 70, his 7 deadly sins for 'liberals' are why his supporters love him

Part of the phenomenon is that the PM's support base grows and gets more solidly behind him for the exact reasons a section of urban, English-speaking intelligentsia hates him

Nirav Modi won't get fair trial in India, former SC judge Markandey Katju tells UK court
India

Nirav Modi won't get fair trial in India, former SC judge Markandey Katju tells UK court

Katju also repeatedly made comparisons between India and Germany under the Nazi regime, saying Nirav Modi has been made a convenient scapegoat for India's economic crisis

Industrial production declines 10.4% in July; capital goods, consumer durables see max contraction
Business

Industrial production declines 10.4% in July; capital goods, consumer durables see max contraction

Manufacturing sector, which constitutes 77.63 percent of the IIP, recorded a decline of 11.1 percent in July as against a growth of 4.8 percent in same month last year

India's GDP contraction worse than any other G20 nations, says Gita Gopinath; Congress links slump to demonetisation
India

India's GDP contraction worse than any other G20 nations, says Gita Gopinath; Congress links slump to demonetisation

According to Gopinath, India's gross domestic product saw a contraction of 25.6 percent quarter-on quarter (QoQ) in the April-June period

Amid COVID-19 crisis, India's GDP contracts by 23.9% in April-June quarter
Business

Amid COVID-19 crisis, India's GDP contracts by 23.9% in April-June quarter

Data released by the NSSO shows that the economy had grown by 5.2% in the same quarter of last fiscal. The GVA for all sectors, except agriculture, suffered steep declines

Indian economy to contract by 4.5% in 2020 due to longer lockdown, slow recovery, says IMF
Business

Indian economy to contract by 4.5% in 2020 due to longer lockdown, slow recovery, says IMF

The IMF on Wednesday projected a sharp contraction of 4.5 percent for the Indian economy in 2020, a 'historic low', citing the unprecedented coronavirus pandemic that has nearly stalled all economic activities

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up
Business

Finance Ministry credits govt, RBI for ‘green shoots of economic revival’ as agriculture, petroleum, electricity indicators pick up

The Finance Ministry cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage

India’s economy likely to shrink by 3.2% in current fiscal, but expected to bounce back in 2021, says World Bank
Business

India’s economy likely to shrink by 3.2% in current fiscal, but expected to bounce back in 2021, says World Bank

India's economy will shrink by 3.2 percent in the current fiscal, the World Bank said on Monday as it joined a chorus of international agencies that are forecasting a contraction in growth rate due to the coronavirus lockdown

Pakistan slams India's move to alter J&K's domicile law, accuses New Delhi of 'taking advantage' of global focus on coronavirus
India

Pakistan slams India's move to alter J&K's domicile law, accuses New Delhi of 'taking advantage' of global focus on coronavirus

Pakistan has been unsuccessfully trying to drum up international support against India for withdrawing Jammu and Kashmir's special status on August 5 and bifurcating it into two Union territories.

Coronavirus outbreak has revealed big gaps in healthcare, law enforcement in India; time for reforms is now
India

Coronavirus outbreak has revealed big gaps in healthcare, law enforcement in India; time for reforms is now

India has no national mechanism to track and manage data for all coronavirus positive persons across the country. Where they go, what happens to them, how they fare, what their trajectories are

Coronavirus Outbreak: Clapping won't help daily wage earners, massive economic package will, says Rahul Gandhi
Politics

Coronavirus Outbreak: Clapping won't help daily wage earners, massive economic package will, says Rahul Gandhi

Congress leader Rahul Gandhi on Saturday said that the coronavirus has affected small, medium businessmen and daily wage labourers the most and the government, instead of clapping, needs to release an economic package for them

Containing coronavirus spread comes with economic tradeoffs, says IMF blog, cites China example
Business

Containing coronavirus spread comes with economic tradeoffs, says IMF blog, cites China example

Success in containing coronavirus comes at the price of slowing economic activity, no matter whether social distancing and reduced mobility are voluntary or enforced, says IMF in blog

India becomes world's 5th largest economy with $2.94 trillion GDP; overtakes UK, France: Report
Business

India becomes world's 5th largest economy with $2.94 trillion GDP; overtakes UK, France: Report

The size of the UK economy is $2.83 trillion and that of France is $ 2.71 trillion

India's lower than expected GDP numbers 'biggest drag' on global growth forecast for two years, says IMF's Gita Gopinath
Business

India's lower than expected GDP numbers 'biggest drag' on global growth forecast for two years, says IMF's Gita Gopinath

India-born IMF Chief Economist Gita Gopinath said growth in India slowed sharply owing to stress in the non-bank financial sector and weak rural income growth

SPG cover for Gandhis a non-issue; Congress doing grave disservice to nation, itself through sycophantic approach
Politics

SPG cover for Gandhis a non-issue; Congress doing grave disservice to nation, itself through sycophantic approach

When there are so many crucial national issues to be highlighted during the ongoing Parliament session, the Congress is focussed at the government's decision to withdraw SPG cover for the Gandhi family

Post Article 370, Pakistan facing policy crises on Kashmir; creating unrest in Valley to internationalise issue Islamabad's last arrow
India

Post Article 370, Pakistan facing policy crises on Kashmir; creating unrest in Valley to internationalise issue Islamabad's last arrow

Pakistan wants to do something spectacular to pump oxygen into the Kashmir issue that is fast becoming redundant due to fatigue and, also, losing legitimacy, with its sharp turn towards Islamic State-styled caliphate jihadism

India's economic growth 'much weaker' than expected due to corporate, environmental regulatory uncertainty, says IMF
Business

India's economic growth 'much weaker' than expected due to corporate, environmental regulatory uncertainty, says IMF

The IMF cut its projection for India's economic growth by 0.3 percentage points to 7 percent for the fiscal year 2019-20 owing to the "weaker-than-expected outlook