Gdp Contraction
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Amid Worries Of Recession, US Economy Shrinks
The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.
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Economy Contracted By 6.6% In 2020-21: NSO
Economy had contracted by 6.6 per cent in 2020-21 due to the outbreak of the Coronavirus pandemic and the subsequent national lockdown, NSO has said
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Budget 2022 Must Focus On Near-Term Income Support, Delay Fiscal Correction: Report
Noting that household consumption, which forms as much as 55 per cent of the GDP, has contracted by 10.1 per cent in FY21, a report has called for some radical measures in the forthcoming Budget to undo the damages by adopting a loose fiscal policy and focusing on near-term income and job-generating measures.
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Economy Estimated To Grow At 9.2% In 2021-22: Government Data
Economy is estimated to grow at 9.2 per cent in 2021-22, as against a contraction of 7.3 per cent in the previous fiscal, due to improvement in agriculture and manufacturing sectors
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India's Economy Expected To Grow By 8.3% In 2021-22: World Bank
India GDP Forecast 2021-22: The World Bank revised the country's growth forecast to 8.3 per cent for the current financial year 2021-22, compared to the earlier estimate of 10.1 per cent.
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S&P Cuts India's Growth Forecast to 9.5% For Current Financial Year
GDP growth in the current fiscal was estimated to be in double digits initially, but after a severe second wave, many agencies cut growth projections.
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India One Of Few Economies To Witness Growth In 2 Consecutive Quarters: Report
According to Department of Economic Affairs, the higher economic growth during the fourth quarter may be linked to the unlocking phase and revival in business that was underway during the period.
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World Bank Slashes India's Growth Forecast To 8.3% For Current Fiscal
The projected growth compares to the worst ever contraction of 7.3 per cent witnessed in the fiscal year ended March 31, 2021.
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Economy Contracts By Record 7.3% In 2020-21
During the first quarter of 2020-21, India's GDP had shrunk by 24.38 per cent, hit mainly by the Covid-19 pandemic.
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India's GDP May Drop To 8.2% In 2021-22 If Second Wave Peaks By June-End: Crisil
The country's GDP growth may slip to 8.2 per cent in the current financial year 2021-22, if the ongoing second wave of the COVID-19 pandemic peaks by June-end, said ratings agency Crisil.
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China GDP Grows Record 18.3% In First Quarter In Coronavirus Rebound
China's economy expanded at its fastest pace in record in the first quarter, data showed Friday, in a sharp turnaround from its historic contraction caused by the coronavirus outbreak.
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Economy Projected For Stronger Recovery In 2021, Grow By 5%: UN Report
India is estimated to contract by 6.9 per cent in 2020 and then forecast to record a 5 per cent GDP growth in 2021, the report said.
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Industrial Production Contracts 1.6% In January: All You Need To Know
Index of Industrial Production, January 2021: The indices for the mining, manufacturing and electricity sectors for the month of January 2021 stand at 119.7, 135.1 and 164.2 respectively
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Experts See K-Shaped Recovery As GDP Grows 0.4% In December Quarter
The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter
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India's GDP Grows At 0.4% After Two Quarterly Declines
The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter
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Amid Worries Of Recession, US Economy Shrinks
The dollar dropped to a six-week low against the yen on Thursday, tracking the decline in Treasury yields, after data showed the US economy contracted again in the second quarter.
-
Economy Contracted By 6.6% In 2020-21: NSO
Economy had contracted by 6.6 per cent in 2020-21 due to the outbreak of the Coronavirus pandemic and the subsequent national lockdown, NSO has said
-
Budget 2022 Must Focus On Near-Term Income Support, Delay Fiscal Correction: Report
Noting that household consumption, which forms as much as 55 per cent of the GDP, has contracted by 10.1 per cent in FY21, a report has called for some radical measures in the forthcoming Budget to undo the damages by adopting a loose fiscal policy and focusing on near-term income and job-generating measures.
-
Economy Estimated To Grow At 9.2% In 2021-22: Government Data
Economy is estimated to grow at 9.2 per cent in 2021-22, as against a contraction of 7.3 per cent in the previous fiscal, due to improvement in agriculture and manufacturing sectors
-
India's Economy Expected To Grow By 8.3% In 2021-22: World Bank
India GDP Forecast 2021-22: The World Bank revised the country's growth forecast to 8.3 per cent for the current financial year 2021-22, compared to the earlier estimate of 10.1 per cent.
-
S&P Cuts India's Growth Forecast to 9.5% For Current Financial Year
GDP growth in the current fiscal was estimated to be in double digits initially, but after a severe second wave, many agencies cut growth projections.
-
India One Of Few Economies To Witness Growth In 2 Consecutive Quarters: Report
According to Department of Economic Affairs, the higher economic growth during the fourth quarter may be linked to the unlocking phase and revival in business that was underway during the period.
-
World Bank Slashes India's Growth Forecast To 8.3% For Current Fiscal
The projected growth compares to the worst ever contraction of 7.3 per cent witnessed in the fiscal year ended March 31, 2021.
-
Economy Contracts By Record 7.3% In 2020-21
During the first quarter of 2020-21, India's GDP had shrunk by 24.38 per cent, hit mainly by the Covid-19 pandemic.
-
India's GDP May Drop To 8.2% In 2021-22 If Second Wave Peaks By June-End: Crisil
The country's GDP growth may slip to 8.2 per cent in the current financial year 2021-22, if the ongoing second wave of the COVID-19 pandemic peaks by June-end, said ratings agency Crisil.
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China GDP Grows Record 18.3% In First Quarter In Coronavirus Rebound
China's economy expanded at its fastest pace in record in the first quarter, data showed Friday, in a sharp turnaround from its historic contraction caused by the coronavirus outbreak.
-
Economy Projected For Stronger Recovery In 2021, Grow By 5%: UN Report
India is estimated to contract by 6.9 per cent in 2020 and then forecast to record a 5 per cent GDP growth in 2021, the report said.
-
Industrial Production Contracts 1.6% In January: All You Need To Know
Index of Industrial Production, January 2021: The indices for the mining, manufacturing and electricity sectors for the month of January 2021 stand at 119.7, 135.1 and 164.2 respectively
-
Experts See K-Shaped Recovery As GDP Grows 0.4% In December Quarter
The economy exited recession after two consecutive quarters of contraction as the gross domestic product growth expanded by 0.4 per cent in the October-December quarter
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India's GDP Grows At 0.4% After Two Quarterly Declines
The GDP had contracted by a massive 23.9 per cent in the June quarter amid the pandemic-led nationwide lockdown and by 7.5 per cent during the September quarter
