S&P projects economy to contract 5% in current fiscal; says lockdown was longer than expected, will slow overall recovery
S&P Global Ratings on Thursday forecast Indian economy to contract 5 percent in the current fiscal as the lockdown imposed to contain COVID-19 pandemic has curtailed economic activity severely.
Tap here for relief: 90% of India’s workforce are without food or shelter, but govt requires smartphone apps to deliver help
The government also overlooked the fact that a majority of the stranded labourers who are from the unorganised sector are either vulnerable or extremely vulnerable.
Fed policymakers signal they are 'open' to another rate cut after reports of slowing services sector
Fed policymakers have said they are on the lookout for any signs that the hit from trade uncertainty and a weakening global economy is no longer confined to the US export and manufacturing sectors.
India's overall growth was "too much" driven by domestic demand, which resulted in double digit growth of imports, and 4-5% growth in exports
Germany to expand job-seeker visas in bid to tackle shortfall of skilled workers, help rejected asylum-seekers
Germany is trying to strike a balance between the needs of its labour market, an aging native population and popular concern about immigration.
Mumbai rail roko: If Modi govt still thinks unemployment is a made-up story, students' protest will serve as eye-opener
Modi govt should first acknowledge unemployment problem, else a crisis is in the making
To sustain such a growth rate for the longer term, the country will need to address issues like employability for the youth and boosting the rural economy.
In the long run, the policy outcome should be that the number of global Indian firms increases in the Fortune-500 category, the document said.
Oil prices hit one-month highs on Monday, gaining 10 percent or more in a three-day rally as speculation intensified over potential producer action to support prices amid a glut of crude
Disruptive labor market changes, including the rise of robots and artificial intelligence, will result in a net loss of 5.1 million jobs over the next five years in 15 leading countries, according to an analysis published in Davos.
Manufacturing growth slips to 51.2 last month from 52.3 in August due to sluggish economic climate
Gender segregation in the labour market remains a problem for both men and women, said panellists from several countries.
The World Economic Forum (WEF) report said that short term labour market prospects are not encouraging for many countries.
World stocks rose towards a six-year high on Monday and the dollar and bond yields slipped as last week's weak U.S. jobs data strengthened the case for the Federal Reserve to keep interest rates low for longer.<br /><br />
Hollande's experience of fanning class warfare in France, as evidenced by his nationalisation threats to Lakshmi Mittal, and India's own failure to dismantle labour market rigidities and the other superstructures of the welfare state, offer proof that socialism doesn't work.