GDP likely to contract by 7.7% this year, compared to 4.2% growth in 2019-’20, says government

The government on Thursday released the first advance estimates of for the financial year 2020-’21.

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· Jan 07, 2021 · 06:35 pm

Economy recovering faster than expected, growth rate may turn positive in third quarter: RBI

The central bank said GDP growth rate may come at 0.1% in the third quarter.

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· Dec 24, 2020 · 07:11 pm

‘Economy cannot grow on diktats’: Rahul Gandhi takes jibe at PM Modi on recession

The Congress leader also pointed out that three crore people were looking for work under the MNREGA.

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· Nov 28, 2020 · 08:23 am

India’s GDP fell by 7.5% in July-September, economy in technical recession for first time ever

A country’s economy is said to hit recession when its GDP growth is negative for two consecutive quarters or more.

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· Nov 27, 2020 · 05:38 pm

Moody’s revises India’s GDP forecast for this year from -9.6% to -8.9%

The ratings agency cited the decrease in number of coronavirus cases and the ease of restrictions as the rationale for the revision.

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· Nov 12, 2020 · 04:29 pm

India has entered period of recession because of Modi’s policies, says Rahul Gandhi

The Congress said the figures were a ‘direct result of the Modi government’s incompetence, foolish economic policies and disastrous tactics’.

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· Nov 12, 2020 · 01:48 pm

India to enter recession for first time ever as GDP likely to shrink by 8.6% in second quarter: RBI

The RBI also flagged the risk of high inflation, which it said was showing ‘no signs of waning’.

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· Nov 12, 2020 · 11:35 am

India’s GDP falls by 23.9% in April-June quarter in worst-ever contraction

The Indian economy has been in a lockdown imposed to combat the coronavirus outbreak since March.

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· Aug 31, 2020 · 05:49 pm

‘Modi hai toh mumkin hai’: Rahul Gandhi targets PM over possibility of lowest-ever GDP growth

Businessman NR Narayana Murthy has warned that India’s Gross Domestic Product may hit the lowest rate of growth since Independence.

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· Aug 12, 2020 · 03:13 pm

India ninth largest recipient of FDI in 2019, will generate investments, says UN trade body

The report, however, noted that global foreign investment flows are likely to plunge by up to 40% in 2020.

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· Jun 16, 2020 · 01:38 pm

Covid-19: India’s core sector output shrank 6.5% in March, shows government data

Cement production fell by a whopping 24.7% year-on-year in March.

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· Apr 30, 2020 · 07:14 pm

Covid-19: Goldman Sachs cuts India’s GDP growth forecast to 1.6% from 5.8% for 2020-’21

The report said that Indian policymakers have not been aggressive enough in their response to the crisis so far, and will need to strengthen their attempts.

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· Apr 08, 2020 · 07:35 pm