Tax breaks may be in the offing for the sector which could do with a boost after a punishing spell during the lockdown
The COVID-19-led business disruptions during end-March-May 2020 have been so severe that the Indian economy shrank 23.9 percent during the April-June quarter this year, confirming fears of a crippling slide across several industries and services
"The recession brought on by the coronavirus pandemic has led to the biggest fall in quarterly GDP on record," Jonathan Athow of the Office for National Statistics said.
With a significant part of the country’s debt due for repayment in the current fiscal year, there is enhanced refinancing risk, considering the global financial market backdrop and COVID-19. Sizeable foreign exchange reserves place India in a better position to deal with this risk
Although a moderate recovery is forecast for 2021, output is not expected to return to its previously expected levels
The U.S. economy ended its longest expansion in history in February and entered recession as a result of the coronavirus pandemic, the private economics research group that acts as the arbiter for determining U.S. business cycles said on Monday.
The Cabinet Office said the economy shrank at an annual rate of 2.2% in January-March, better than the 3.4% contraction given earlier.
According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.
Watch this edition of Business Insight to know more about CMIE's latest unemployment data & the job market situation in India.
The government, together with industry bodies and leaders, must form strategies to both import foreign companies and jobs to India, and also export jobs after the pandemic
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.
It is becoming increasingly difficult for the government to rework the fiscal math as there is no clarity on when the economy will resume completely
Chinese companies have been trying to influence not only the production chains but also the value and supply chains to stand out in the global market, and be at the top of the food chain
Keeping in mind that the world is heading for a recession and markets could remain suppressed one should position their portfolios accordingly, says Rusmik Oza.
A record 26 million Americans likely sought unemployment benefits over the last five weeks, confirming that all the jobs created during the longest employment boom in US history were wiped out in about a month
The current slump in global crude price is an opportunity for India’s ambitious Indian Strategic Petroleum Reserves programme. India may leverage the depressed prices to fill in its strategic crude oil reserves
Given such large-scale economic disruption, most countries can expect at best a ‘U-shaped’ recovery. Most of the stimulus packages announced by countries focus on reviving domestic enterprises, especially the small and medium enterprises
Global leadership has to realise that we are constantly under threat from similar outbreaks, and preparedness is the only shield we have
The number of jobless claims filed in the US have reportedly witnessed a rise in the last two weeks of March, with nearly 10 million such claims filed in the said period.
Japan is expected to slip into a deep recession this year with the economy set to contract for a third straight quarter in April-June, a Reuters poll showed
Will the Indian economy pass through multiple peaks and troughs? There are many routes that the economy could take, resembling letters of the English alphabet
As the world economy is entering recession, the G-20 will have to play a decisive role in mobilising resources and provide direction to major economies and multilateral institutions.
Investors fear that the supply chain disruption will squeeze liquidity out of the system and pop the numerous bubbles - the global equity and debt market, tech start-ups, real estate and shale energy - that have developed in the last decade.
She, however, said a recovery in 2021, in fact a sizeable rebound, is a possibility
Slash and burn -- employees, research, marketing and capex -- may seem like a sensible approach to combat a recession. The research shows it may actually be counter productive.