India Recession

Coronavirus Crisis: Rating Agencies Peg Contraction In India's GDP At Up To 11.8% In 2020-21

Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 8, 2020

Days after official data showed India's GDP or gross domestic product shrank a record 23.9 per cent in the April-June period, economists have pegged overall economic contraction for the full financial year 2020-21 above 10.5 per cent. In its Global Economic Outlook report released on Monday, credit ratings major Fitch said it expects the country's ...

Indian Economy Projected To Shrink 11.8% In 2020-21: Fitch Arm

Business | Reuters | Tuesday September 8, 2020

On Monday, India surpassed Brazil as the nation with the largest number of infections outside the United States, with a tally of 4.28 million.

India Ratings Revises 2020-21 GDP Projection To -11.8%

Business | Press Trust of India | Tuesday September 8, 2020

India Ratings said it expects the country's GDP to rebound, and expand at 9.9 per cent year-on-year in financial year 2021-22.

Indian Economy To Contract 10.5% In 2020-21: Fitch

Business | Press Trust of India | Tuesday September 8, 2020

Last month, official data showed that the country's gross domestic product (GDP) shrank 23.9 per cent in the April-June period, in one of the sharpest contractions in the world.

Assam Economy To Be Revived By December Quarter: Himanta Biswa Sarma

Business | Written by Ratnadip Choudhury | Wednesday September 2, 2020

Sarma further added that the state government will come out with a special compensation package to assist those affected by the COVID-19 induced lockdown by the end of this year.

Sensex Surges Nearly 600 Points; Bharti Airtel Gains 8% After AGR Ruling

Business | Edited By Abhishek Vasudev | Tuesday September 1, 2020

The overall market breadth was negative as 1,540 shares were declining while 953 were advancing on the BSE.

Sensex, Nifty Flat Amid Volatile Trade

Business | Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 1, 2020

At 10:01 am, the Sensex traded 36.12 points - or 0.09 per cent - higher at 38,664.41 while the Nifty was down 11.95 points - or 0.10 per cent - at 11,375.55.

What GDP At -24%, Worst Among Major Economies, Means For India

Business | Vrishti Beniwal and Anirban Nag, Bloomberg | Tuesday September 1, 2020

Gross domestic product shrank 23.9 per cent in the three months to June from a year earlier, the Statistics Ministry said in a report Monday.

At -23.9%, GDP Contracts At Its Steepest Pace On Record

Business | Written by Sandeep Singh | Monday August 31, 2020

India's gross domestic product or GDP contracted 23.9 per cent in the April-June period - much worse than economists' estimates, official data showed on Monday, as the coronavirus pandemic brought key industries to a halt and rendered millions of people jobless. That marked the worst incidence of negative growth for the economy since 1996, when Ind...

Rupee Weakens By 22 Paise To End At 73.62 Against Dollar Ahead Of GDP Data

Business | Edited by Sandeep Singh (with inputs from agencies) | Monday August 31, 2020

Currently, the rupee has taken its recovery from an all-time low of 76.91, registered in April, to 4.28 per cent.

Sensex, Nifty Tumble Ahead Of GDP Data

Business | Edited by Sandeep Singh (with inputs from Reuters) | Monday August 31, 2020

At 1:56 pm, the Sensex traded at 38,857.78, down 609.53 points - or 1.54 per cent - from its previous close, while the Nifty was down 203.45 points - or 1.75 per cent - at 11,444.15.

Goldman Sees Worst India Recession With 45% Second Quarter Slump

Business | Malcolm Scott, Bloomberg | Monday May 18, 2020

Gross domestic product will contract by an annualized 45% in the second quarter from the prior three months.

India Ratings Cuts 2020-21 GDP Growth Forecast To 1.9%, Lowest In 29 Years

Business | Press Trust of India | Monday April 27, 2020

India Ratings said its growth projection is based on the assumption that the partial lockdown will continue till mid-May 2020.

OECD cuts India, world growth estimates for 2013

Business | Wednesday May 29, 2013

In its twice-yearly Economic Outlook, the Organisation for Economic Cooperation and Development forecast the world economy would grow 3.1 per cent this year before accelerating to 4 per cent in 2014.

Housing demand to remain stagnant till economy improves

Business | Saturday May 12, 2012

CBRE South Asia Chairman Anshuman Magazine says that although the recent cut by the RBI has helped generate positive sentiments, the demand for houses is likely to remain subdued.