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India's economy likely to tank 9 pc due to Covid distress: S&P
Updated : 5 years, 6 months ago IST
Singapore, Sep 14 (ANI): S&P Global Ratings said on Monday it expects India's economy to contract by 9 per cent in the current fiscal year ending March 31, 2021 as rising Covid-19 cases will keep private spending and investment lower for longer.
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Fitch lowers India FY21 GDP forecast to minus 10.5 per cent
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], Sep 8 (ANI): Fitch Ratings has sharply lowered its forecast for India's gross domestic product (GDP) growth for the current fiscal year (FY21) and expects it to contract by 10.5 per cent as compared to its earlier estimate of 5 per cent contraction.
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Pay salaries to contract lecturers equal to that of govt employees: BJP's
Updated : 5 years, 6 months ago IST
Amaravati (Andhra Pradesh) [India], September 4 (ANI): Andhra Pradesh BJP Vice President Vishnuvardhan Reddy in a letter to Chief Minister YS Jaganmohan Reddy demanded that the contract lecturers should be paid salaries equal to that of the government employees and to pay exgratia of Rs 50 l
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India's real GDP expected to contract by 5.2 pc in FY21: Motilal Oswal
Updated : 5 years, 6 months ago IST
Mumbai (Maharashtra) [India], September 1 (ANI): While the real gross domestic product (GDP) contracted by 23.9 per cent and gross value added (GVA) by 22.8 per cent in the first quarter of current financial year, the real GDP turnaround from contraction to growth in late calendar year 20
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COVID-19 an act of God, may lead to contraction of economy: Sitharaman
Updated : 5 years, 7 months ago IST
New Delhi [India], Aug 27 (ANI): Finance Minister Nirmala Sitharaman on Thursday referred to COVID-19 pandemic as an "act of God" and said there could be contraction of the economy.
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India's GDP to contract 16.5 pc in Q1 as pandemic spreads: SBI report
Updated : 5 years, 7 months ago IST
Mumbai (Maharashtra) [India], Aug 17 (ANI): India's GDP is expected to contract by 16.5 per cent during the first quarter of current fiscal as the current Covid-19 pandemic is spreading at a much faster rate after the opening up of the economy, State Bank of India's research report Ecowrap s
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The face mask debate 'doesn't make sense' to Rita Wilson
Updated : 5 years, 8 months ago IST
Washington D.C. [USA], July 18 (ANI): Actor Rita Wilson, who was one of the first celebrities to contract coronavirus, said on Friday that the debate around wearing a face mask during the pandemic "doesn't make sense."
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Russian economy faces deep recession amid global pandemic and oil crisis:
Updated : 5 years, 8 months ago IST
Moscow [Russia], July 6 (ANI): Fueled by a Covid-19 triggered deep global recession, Russia's 2020 GDP growth is projected to contract by 6 per cent, an eleven-year low, with a moderate recovery in 2021-2022, according to the World Bank's latest Russia Economic Report released on Monday.
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States' GSDP to contract up to 14 pc in FY21: Ind-Ra
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 29 (ANI): India Ratings and Research (Ind-Ra) expects the gross state domestic product (GSDP) of all states in India to contract during the current financial year in the range of 1.4 to 14.3 per cent.
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India's economy in deep trouble, growth may contract 5 pc in FY21: S&P
Updated : 5 years, 9 months ago IST
Singapore, June 26 (ANI): S&P Global Ratings said on Friday that Indian economy is in deep trouble with growth expected to contract by 5 per cent in the current financial year 2020-21.
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Volatile trade at bourses as IMF downgrade on growth projections dents inv
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): Equity benchmark indices edged marginally lower on Thursday due to weak global cues after the International Monetary Fund forecast the global output to shrink by 4.9 per cent this year.
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Equity indices subdued as IMF predicts Indian economy to contract by 4.5 p
Updated : 5 years, 9 months ago IST
Mumbai (Maharashtra) [India], June 25 (ANI): Equity benchmark indices edged lower during early hours on Thursday due to weak global cues after the International Monetary Fund forecast the global output to shrink by 4.9 per cent this year.
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