The country’s GDP had dwindled by 24.38 percent in the first quarter of 2020-21. It had bet on a household-consumption economic revival that may now take much longer to show results.
The India’s record-breaking second Covid-19 wave, which threatens to derail the global economic recovery, has now put the international community on Red Alert.
Third time is the charm. But in economics, it also suggests dismal failure of the first two attempts. Can the finance minister pull the country out of the crisis?
Acknowledging economic slowdown, former Prime Minister Manmohan Singh on Saturday stressed the need for adopting “a well-conceived
Demand is dead; rich or poor, no one has liquidity. Lakhs have lost their jobs and buying has come to a standstill right before the festive season. Is this India’s worst Diwali?
Financial institutions are careful in uttering the word, but the dire state of things in India is becoming clearer with each day – sectors losing money, defaulting corporations, struggling RBI and drowning markets – Recession isn’t coming, its already here.
In a recent survey from HIS Markit, it has been revealed that business sentiment in India is lowest in the past 3 years.
India’s economic growth drops to just 5.8% in Jan-March quarter | Falls behind China for the first time in two years.
As per US experts, the new government that will come to power in 2019 will have an instant challenge of structuring crucial economic foreign policies.