The Nielsen report found that the economic slowdown is worse in northern India, which has a higher dependency on the rural segment and has seen a surge in unemployment.
The IMF estimates that the US-China trade war has shaved 0.8 percentage points off global growth, while the response from central banks has only added back half a percentage point.
Rating agency India Ratings and Research has painted a bleak picture of India’s road sector, revising the outlook from ‘stable’ to ‘stable-to-negative’.
The IMF’s new boss, Kristalina Georgieva, sees a “serious risk” the slowdown will spread, and it’s likely to cut its 2019 global growth forecast from 3.2%.
Law Minister Ravi Shankar Prasad had said Saturday that 3 films earned Rs 120 crore in total on 2 October, calling it a sign that India’s economy is sound.
Union Law Minister Ravi Shankar Prasad also said that electronic manufacturing, Information and Technology sector, Mudra loan and commerce services are performing very well.
While main elements behind terror module have been nabbed, more arrests will take place, including some professors & academicians who were part of the ring, it is learnt.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
We can hope that this year’s plentiful monsoon will provide some lift.