Agriculture, manufacturing and electricity register positive growth in the quarter. Pace of contraction slows in construction and trade, hotels and transport.
Agriculture & financial services sectors are expected to register positive growth, while manufacturing, construction, trade and transport sectors could narrow their losses.
It’s unrealistic to expect manufacturing to be 25% of India’s GDP by 2030. ‘Atmanirbhar’ concept is Nehruvian, and India’s competitiveness has to be improved.
India's balance sheet stress that had been building before the coronavirus outbreak will probably worsen and impact growth, Oxford Economics report says.
Report by India Cellular & Electronics Association and Ernst & Young says India can generate $100 bn manufacturing value by 2025, lists ways through which it can be achieved.
It also revised the growth forecast for FY2021 to 8.6% from 8.1%. Moody's attributed the reason behind better growth to the falling of coronavirus cases in India.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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