Banks Companies Indian Subcontinent Industries Jobs Market Opinion

Former RBI Governor Raghuram Rajan warns India’s drastic GDP fall

A week after India reported a significant contraction in its GDP during the April-June quarter of 2020-21 fiscal, former Reserve Bank Governor and noted economist Raghuram Rajan has said that the negative GDP growth numbers should alarm everyone.   Emphasising on the importance of government relief or support in the given scenario, he pointed out Read More…

Companies Industries Jobs Market Opinion

Infosys NarayanaMurthy touch migrants issues and predicts GDP growth reach lowest since 1947

According to the billionaire Infosys founder Narayana Murthy a new system can be developed that allows every player across sectors to operate at full steam with suitable precautions.   As the Indian economy continues to face the headwinds of the coronavirus pandemic, Infosys co-founder N R Narayana Murthy has flagged fears that the GDP growth Read More…

Banks Business Companies Industries Jobs Market

India Ratings and Research warns FD to slip 7.6% and GDP Contract 5.3%

India’s real gross domestic product in Financial Year 2020-21 could contract 5.3 per cent, said India Ratings and Research on Wednesday   “This will be the lowest GDP growth in Indian history and the sixth instance of economic contraction, others being in FY58, FY66, FY67, FY73 and FY80,” said the ratings agency in a press Read More…

America Asia Business Industries Market Opinion

Indonesia swift factory friendly policies during corona times yields results

[splco_heading size=”15″ align=”left” margin=”30″]Inspite  having a better friendly relation with USA administration , Indian government failed to give initiative for US companies for swifter relocation during the pandemic era made  Far East economy Indonesia on the front run[/splco_heading]   On one hand, when the coronavirus is proving itself as a nightmare to the whole world, Read More…

Asia Business Companies Europe Industries Market

Barclays Report cautions Zero % Growth rate for Indian GDP

Barclays UK-based financial services company and investment bank has revised its estimate for India’s GDP growth in 2020 to 0.0 per cent from its previous projection of 2.5 per cent.   With the extension of the nationwide lockdown till May 3,  Barclays research report has projected that India’s GDP will stagnate and not grow at Read More…

Asia Business Industries

Pakistan India GDP Growth projection fall , Bangladesh Bhutan on rise : World bank

Growth in South Asia is projected to fall to 5.9 per cent in 2019, down 1.1 percentage points from April 2019 estimates, casting uncertainty about a rebound in the short term, the World Bank said in its latest report.   The latest edition of the South Asia Economic Focus, Making (De)centralization Work, finds that strong Read More…

Business Companies Industries Market World

Moody cut Modi Government growth to 5.8%

Credit crunch among both banking and non-bank financial institutions (NBFIs), major providers of retail loans in recent years, has compounded the problem. Moody’s pointed that the prospects for fiscal consolidation look limited but rapid deterioration is also unlikely. “With the recently announced corporate tax cuts and lower nominal GDP growth, we now expect a central Read More…

Business Indian Subcontinent Industries Market Voice

National Statistical Commission members quit over disagreement with Modi government

In November last year, the NITI Aayog had come under fire for announcing the revised GDP data of the UPA years.    Now two independent members of the National Statistical Commission, P C Mohanan and J V Meenakshi, have resigned over disagreement with the government on certain issues, an official said Tuesday.   Mohanan was Read More…