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Union govt led by Modi’s 2020-21 economy contracted 7.3 % worst in the 40 years

India’s economy contracted during the first half of FY21.   The Indian economy rose by 1.6% in the January to March quarter (Q4 FY21) from the previous year   But contracted by 7.3 per cent for the entire fiscal year, which was the worst in more than 40 years, data released by the government showed Read More…

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RBI waves Red flag over 100.7% surge in Index prices pinpointing 8% GDP Contraction

In its annual report for 2020-21, RBI noted that India”s equity prices have surged to record highs, with the benchmark index Sensex crossing the 50,000 mark on January 21, 2021 to touch a peak of 52,154 on February 15.   This represents a 100.7 per cent increase from the slump just before beginning of the Read More…

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China ahead of its mission , UK overtakes and India relegate to 6th position : CEBR Reports

India had overtaken the UK in 2019 to become the fifth-largest economy in the world but has been relegated to the sixth spot in 2020.  “India has been knocked off course as a result, after overtaking the UK in 2019, the UK overtakes India again in this year’s forecasts and stays ahead till 2024 before Read More…

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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…

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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…

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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…

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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…

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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…