These are the first set of GDP numbers showing the impact of Covid-19 and the lockdown. Manufacturing & construction sectors dragged down GDP growth in 2019-20.
Economists lower forecasts for 2020-21 as they say the extension of the lockdown, even with some relaxations, will adversely impact manufacturing and services.
The UN report said that COVID-19 is having far-reaching effects, with strong cross-border spillover effects through trade, tourism and financial linkages.
Moody’s said credit flow to the economy already remains severely hampered because of severe liquidity constraints in the bank and non-bank financial sectors.
At a seminar in Delhi, economist Alex Tabarrok said studies show how severe pollution has immediate effects on productivity and performance of the workforce.
Former PM Manmohan Singh had warned in November 2019 that the Indian economy was entering a stage of stagflation, with high inflation and stagnant demand.
Many 'independent' reports, intended to shape policies, are sponsored by industry groups or entities with deep pockets and vested interests. This process must become transparent.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Not the virus’s fault.