by pallanus | May 29, 2020 | Business News
Economists and analysts indicated that the GDP figures released today will only offer an assessment of the early damage caused by Covid-19 outbreak and is expected to worsen in the next quarter. Analysts have warned that India could face a severe recession beginning...
by pallanus | May 28, 2020 | Business News
More than two months have passed since the nationwide lockdown to fight novel coronavirus was announced by the government. The largest shutdown in the world may have helped save several thousand lives, but it has put India’s poorer population face-to-face with an...
by pallanus | May 27, 2020 | Business News
SBI Research, however, predicts a sharp rebound in Gross Domestic Product (GDP) in the second quarter of the year, but only if the demand equation improves. SBI Research said that economic situation will bounce back in the second quarter only if demand increases....
by pallanus | May 27, 2020 | Business News
As on May 25, India’s average unemployment stood at 24.5 per cent, where urban unemployment was at 26.3 per cent and rural at 23.7 per cent. Last week also saw a decrease in labour participation rate, the rate on the fourth week was 38.7 per cent lower than the 38.8...
by pallanus | May 26, 2020 | Business News
India’s economy is likely to have expanded at its slowest pace in at least eight years in the January-March quarter, partly as a result of the coronavirus clampdown, a Reuters poll predicted. Asia’s third-largest economy began slowing last year, but a countrywide...
