economics News

Jobs: They have INDEED declined, India still better placed

Jobs: They have INDEED declined, India still better placed

New Delhi: Life during the Coronavirus pandemic has cast a spotlight on jobs markets. Latest statistics from Indeed.com a job posting site finds a tepid hiring trend.Between February to May, 51% fewer jobs were posted on Indeed India than in 2019.The trend was higher in countries such as UK (down by...

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IMF Forecast: Growing Dragon, Coughing Elephant

IMF Forecast: Growing Dragon, Coughing Elephant

The International Monetary Fund in its latest forecast report has highlighted that the coronavirus pandemic coupled with lockdown measures are likely to continue wrecking havoc to economies barring China.  Global GDP growth forecast for fiscal year 2020-21 is expected to be a negative 4.9 perce...

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4 percent GDP decline forecast for India, ADB reveals grim outlook

4 percent GDP decline forecast for India, ADB reveals grim outlook

New Delhi: Asian Development Bank's forecast for India's GDP for the current fiscal is a negative 4 percent. In a supplement the agency observed "India's economy is forecast to contract by 4 per cent in fiscal year (FY) 2020, ending on 31 March 2021, before growing 5 per cent in FY2021 (to be ending...

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AIIB approves $750 million loan to India for COVID-19 response

AIIB approves $750 million loan to India for COVID-19 response

Beijing [China]: The Asian Infrastructure Investment Bank (AIIB) has approved a 750 million dollar (about Rs 5,688 crore) loan to India to assist the government to strengthen its response to the adverse impacts of the COVID-19 pandemic on millions of poor and vulnerable households.Co-financed with t...

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Covid-Impact: Global FDI activity to slip to 15 year low, but UNCTAD confident on India

Covid-Impact: Global FDI activity to slip to 15 year low, but UNCTAD confident on India

United Nations: The United Nations Conference on Trade and Development (UNCTAD) expressed optimism about India's economy in its latest FDI report.  The World Investment report 2020 remained doubtful on India's FDI growth for 2020, however there was confidence with reference to improved economic...

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Thalinomics author has doubts about India's economic growth for the year

Thalinomics author has doubts about India's economic growth for the year

New Delhi: Chief Economic Advisor and lead author of Thalinomics, the economic survey report for 2019-20, Krishnamurthy Subramanian seems to have doubts about economic growth in a Covid struck India.  Speaking to reporters in the capital on Thursday, Subramanian said India's economic growth was...

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Economic-Harakiri: Rajiv Bajaj pours his heart, calls lockdown 'Draconian'

Economic-Harakiri: Rajiv Bajaj pours his heart, calls lockdown 'Draconian'

Mumbai: Industrialist Rajiv Bajaj on Wednesday is in news for calling India's over two month long lockdown as "draconian".The 53 year old Managing Director of Bajaj Auto in a recorded video-conference with Rahul Gandhi was seen saying that the lockdown decimated the economy.  "You flattened the...

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Moody's reveals hidden pain in retail and SME loan sectors

Moody's reveals hidden pain in retail and SME loan sectors

New Delhi: Moody's Investor Service has cast a doubt on the viability of India's retail and SME loan sectors. On Wednesday, the agency said that the quality of retail and SME loans is likely to deteriorate in the days to come.  Two days ago, the agency downgraded India's sovereign rating to Baa...

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Survey reveals retailers over-charging during lockdown

Survey reveals retailers over-charging during lockdown

New Delhi: Nothing could aptly explain the phrase - Make hay while Sun Shines, better than the way Indians retailers who may have resorted to overcharging during lockdown.  A latest study by LocalCircles provides critical evidence to the theory of overcharging in the days of Lockdown. The study...

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Historic! Moody's downgrades India, forecasts bleak economic outlook

Historic! Moody's downgrades India, forecasts bleak economic outlook

New Delhi: Moody's Investor Service on Monday forecast a gloomy outlook on India's GDP for FY21. The sovereign credit rating agency in a first in as many as two decades has downgraded its outlook on India and accordingly India's sovereign ratings have been revised from 'Baa2' to 'Baa3'.  'Baa3'...

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