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  • ICRA expects GDP to contract by 20% in June quarter; 2% fall in FY21 May 04, 2020 06:40 PM IST

    ICRA expects GDP to contract by 20% in June quarter; 2% fall in FY21

    After keeping the country under a 40-day lockdown to arrest the spread of coronavirus, the government extended the lockdown till May 17 with a slew of relaxations to the unaffected areas in order to kick-start economic activity.

  • COVID-19 | Q1 global contractions indicate a deepening crisis May 04, 2020 10:40 AM IST

    COVID-19 | Q1 global contractions indicate a deepening crisis

    The first quarter GDP results from major economies indicate the seriousness of the economic recession—and the massive relief packages could be useful only if a joint health solution is achieved soon

  • The bulk of economic activity in the country is in the red zones Apr 30, 2020 10:32 AM IST

    The bulk of economic activity in the country is in the red zones

    Green zone districts account for a mere 5.9 percent of outstanding bank credit in the country

  • GDP report to show a damaged economy sliding into recession Apr 29, 2020 11:00 AM IST

    GDP report to show a damaged economy sliding into recession

    On Wednesday, the government will offer a glimpse of how dark the picture has grown and how much worse it could get as the coronavirus pandemic inflicts ruinous damage. The Commerce Department is expected to estimate that the gross domestic product, the broadest gauge of the economy, shrank at an annual rate of 5% or more in the January-March quarter.

  • How the lockdown affects different classes Apr 29, 2020 09:52 AM IST

    How the lockdown affects different classes

    For the urban poor, it’s not a choice between lives and livelihoods---both are equally at risk.

  • Moody's slashes India growth forecast to 0.2% for 2020-21 Apr 28, 2020 08:47 PM IST

    Moody's slashes India growth forecast to 0.2% for 2020-21

    Moody's said the economic costs of coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly.

  • CRISIL downgrades India growth forecast by half to 1.8% Apr 27, 2020 09:28 PM IST

    CRISIL downgrades India growth forecast by half to 1.8%

    The nation has been put under a 40-day lockdown in two phases till May 3 to check the spread of infections. Economists were quick to flag concerns on such a move that chills all activity, and some also expect a contraction in the economy in FY2021.

  • Ind-Ra cuts India's FY21 GDP growth further to 1.9%, lowest in 29 years Apr 27, 2020 01:23 PM IST

    Ind-Ra cuts India's FY21 GDP growth further to 1.9%, lowest in 29 years

    In a note on Monday, Ind-Ra revised its economic growth estimate for the country from its forecast of 3.6 percent published on March 30, 2020 to to 1.9 percent.

  • India's GDP growth likely to range up to 1.5% in FY21: CII Apr 23, 2020 04:20 PM IST

    India's GDP growth likely to range up to 1.5% in FY21: CII

    In case of a more prolonged outbreak, where the restrictions in existing hot-spot regions get extended, while new regions are identified as ‘hot-spots' leading to intermittent stop and start in economic activity, GDP is likely to decline by -0.9 percent.

  • Fitch Solution cuts India's FY21 GDP growth forecast to 1.8% Apr 20, 2020 11:42 AM IST

    Fitch Solution cuts India's FY21 GDP growth forecast to 1.8%

    For India, it said the real GDP growth rate for 2020-21 (April 2020 to March 2021) has been revised down to 1.8 per cent from 4.6 per cent, previously.

  • Govt's relief packages 'peanuts'; should have been 9% of GDP: Senior Congress leader M Veerappa Moily Apr 18, 2020 04:45 PM IST

    Govt's relief packages 'peanuts'; should have been 9% of GDP: Senior Congress leader M Veerappa Moily

    Moily's attack on the government came a day after RBI Governor Shaktikanta Das announced a string of relief measures for the stressed banking and financial sector.

  • S&P cuts India FY21 growth forecast to 1.8%; expects growth to recover to 7.5% in FY22 Apr 17, 2020 09:10 PM IST

    S&P cuts India FY21 growth forecast to 1.8%; expects growth to recover to 7.5% in FY22

    The agency assumes the recovery from the pandemic to be "flattish U-shape with activity returning to pre-outbreak levels, if at all, in 2023.

  • COVID-19 | Little legroom for a big stimulus Apr 17, 2020 03:33 PM IST

    COVID-19 | Little legroom for a big stimulus

    While the need for a large fiscal stimulus is paramount, its prospects should be examined taking into consideration the scope for financing a large fiscal deficit.

  • China suffers worst economic drop since '70s in virus battle Apr 17, 2020 08:22 AM IST

    China suffers worst economic drop since '70s in virus battle

    The world's second-largest economy shrank 6.8% from a year ago in the three months ending in March after factories, shops and travel were closed to contain the infection, official data showed Friday.

  • China's Q1 GDP posts first decline on record as virus shuts down economy Apr 17, 2020 07:47 AM IST

    China's Q1 GDP posts first decline on record as virus shuts down economy

    The historic slump in the world's second-largest economy comes after efforts to contain the coronavirus, which first emerged in China late last year, shut down factories, transport and shopping malls.

  • Chart of the Day | India’s fiscal support so far much lower than other countries Apr 16, 2020 10:15 AM IST

    Chart of the Day | India’s fiscal support so far much lower than other countries

    IMF says India’s fiscal stance should be eased

  • The IMF's baffling fiscal deficit forecast for India Apr 16, 2020 10:11 AM IST

    The IMF's baffling fiscal deficit forecast for India

    The IMF projects no change in fiscal deficit in India in 2020-21

  • GDP growth may slip into negative in Q1 says former RBI Governor C Rangarajan Apr 15, 2020 05:55 PM IST

    GDP growth may slip into negative in Q1 says former RBI Governor C Rangarajan

    The former RBI Governor said the government has gone by medical advice to impose a lockdown and by the same advice they expanded the lockdown also which is essential to combat the coronavirus spread.

  • Coronavirus pandemic to push China's first-quarter GDP into first decline on record Apr 15, 2020 01:00 PM IST

    Coronavirus pandemic to push China's first-quarter GDP into first decline on record

    While those restrictions are gradually being lifted, similar lockdowns now in effect in other major economies hit by the pandemic have significantly darkened the outlook for global demand.

  • IMF predicts V-shaped recovery in 2021 Apr 15, 2020 10:34 AM IST

    IMF predicts V-shaped recovery in 2021

    But this year, the world must brace for the biggest recession since the Great Depression

  • China's 2020 GDP growth set to sink to 44-year low as coronavirus cripples economy: Reuters poll Apr 14, 2020 04:20 PM IST

    China's 2020 GDP growth set to sink to 44-year low as coronavirus cripples economy: Reuters poll

    Growth in the world's second-biggest economy for 2020 was forecast at 2.5 percent, according to the median of 62 analysts surveyed by Reuters, which would mark the weakest clip since 1976, the final year of the decade-long Cultural Revolution that wrecked the economy.

  • Barclays cuts India's GDP forecast to zero citing lockdown extension Apr 14, 2020 12:58 PM IST

    Barclays cuts India's GDP forecast to zero citing lockdown extension

    On Tuesday, Prime Minister Narendra Modi said in a televised statement that the nationwide lockdown will be extended till 3 May.

  • Chart of the Day | Fiscal deficit, what is that? Apr 14, 2020 10:51 AM IST

    Chart of the Day | Fiscal deficit, what is that?

    Governments across the world are throwing deficit concerns out of the window to fight the pandemic

  • Coronavirus pandemic | India's GDP to contract by 6.1% in April-June: Nomura Apr 13, 2020 07:10 PM IST

    Coronavirus pandemic | India's GDP to contract by 6.1% in April-June: Nomura

    The economy will grow at 3.2 percent in the January-March period and contract by 6.1 percent (June quarter) and 0.5 percent September quarter, before rising by 1.4 percent in the last quarter of the calendar year, it said.

  • PM Modi should be bold in declaring economic package of 5-6% of GDP: Congress Apr 13, 2020 03:10 PM IST

    PM Modi should be bold in declaring economic package of 5-6% of GDP: Congress

    The Opposition party demanded that the Centre cleared all pending dues to the states to enable them to fight with the novel coronavirus pandemic, besides also giving each of them special economic packages.

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