With an 8.8% growth rate in 2021, India will regain the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2%, the IMF report said.
Double-digit growth seems optimistic. Modi govt needs to more than double its expenditure to compensate for the losses and avert GDP decline. It's fanciful at best.
As Indian economy shrunk by 23.9%, many were left with prayer to cope with this invisible ‘hand of God’ – they morphed the Go Corona Go chant to Grow GDP Grow.
Former finance secretary Subhash Chandra Garg said a faulty lockdown strategy and an ineffective stimulus have adversely impacted economic recovery. Read his blog here.
‘Mother kept pouring water in our eyes whenever the burning became unbearable. She pushed our bodies deep into the blanket, making sure not a single part was exposed,’ my father said.
December oil imports from Russia may drop nearly 50%, but Indian buyers already shifting to non-designated Russian entities and opaque trading channels to keep Russian oil flowing.
The helicopters produced by Lockheed Martin are known as ‘submarine hunters’. India ordered 24 of these aircraft in 2020 to replace the Sea King helicopters. 15 have been delivered till date.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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