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Times of India
Indian economy to contract 11% in FY21: Icra
Domestic rating agency Icra further revised down its GDP estimate for the country on Monday and now expects the Indian economy to contract by 11 per cent in FY21.
 Times of India18 hours ago
Rediff.com
India's economy to suffer record contraction in 2020-21: S&P
Observing that India's worsening COVID-19 situation and the strict measures to contain it have hit the economy hard, the rating agency said productive capacity has been severely disrupted since the start of the pandemic. Illustration: Uttam Ghosh/Rediff.com India's economy may experience a record contraction in the current financial year mainly due to the global COVID-19 pandemic, and the real GDP growth is expected to recover from next fiscal onwards, according to a report by global rating ...
 Rediff.com3 days ago
India's economy to experience record contraction in 2020-21: S&P
India’s weak fiscal settings will worsen further this year, constraining the government’s ability to aid the economy. business Updated: Sep 25, 2020 21:46 IST Press Trust of India | Posted by Shankhyaneel Sarkar New Delhi Daily-wage laborers wearing masks ...
 Hindustan Times3 days ago
Hindu Business Line
An alarming economic situation
India is facing the worst economic crisis since 1991 and fourth since Independence. Reviving the economy needs swift measures which include increased government spending and programmes for robust employment generation
 Hindu Business Line3 days ago
NDTV
Indian Economy To See Record Contraction In 2020-21: S&P
S&P affirmed its rating on India's long-term foreign and local currency sovereign credit at the lowest investment-grade level and retained its stable outlook on the economy. India's long-term rating was affirmed at 'BBB-' with a stable outlook while the ...
 NDTV3 days ago
Times of India
'Economy to see record contraction in 2020-21'
'Economy to see record contraction in 2020-21'
 Times of India3 days ago
Money Control
India#39;s economy to experience record contraction in 2020-21: SP
The agency added that these strengths are balanced against vulnerabilities stemming from the country#39;s low per-capita income and weak fiscal settings, including consistently elevated general government deficits and indebtedness.
 Money Control3 days ago
Times of India
'Borrow, spend more this once to revive economy'
'Borrow, spend more this once to revive economy'
 Times of India6 days ago
Economic Times
Winning the post-pandemic economic battle: Tapping the pent up demand in Tier 2 and Tier 3 cities
MSMEs are the growth drivers of the Indian economy and to ensure that they continue to lead the country towards economic growth, Prime Minister Narendra Modi led Government has announced strategic measures, including those under the ‘AatmaNirbhar Bharat’ ...
 Economic Times1 week ago
'Path ahead for US economy continues to be highly uncertain'
Tue, Sep 22 2020 11:47:25 AM Washington, Sep 22 (IANS): While the US economy has picked up from its depressed level in the second quarter, the path ahead continues to be "highly uncertain" and depend on the Covid-19 pandemic, Federal Reserve Chairman Jerome ...
 Daiji World1 week ago
Rediff.com
What economic crisis will do to India
'This encourages escapism through the politics and economics of nationalism, made worse by tribalism or nativism, the package accompanied inevitably by the erosion of institutional bulwarks and therefore State capture by powerful businessmen,' notes T N Ninan. Illustration: Uttam Ghosh/Rediff.com   Amidst the flood of commentary that followed the finding that the world's fastest-growing large economy had become its fastest-shrinking one, an observation that stood out was that India's ...
 Rediff.com1 week ago
Economic Times
Fragmented recovery of the Indian economy is underway: ICRA
“The year-on-year performance of 11 of the 16 available indicators staged a pickup in August relative to July,” said Aditi Nayar, principal economist, ICRA in a report on the Indian economy. As per the report, the output of Coal India Limited, ...
 Economic Times1 week ago
Rediff.com
OECD raises prospects for global GDP, cuts it for India
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent. Illustration: Dominic Xavier/Rediff.com The Organization for Economic Co-operation and Development (OECD) on Wednesday said it expects India’s economy to shrink 10.2 per cent in the current financial year (FY21) against its earlier estimate of 3.7-7.3 per cent, owing to extended lockdowns to contain the spread of the Covid-19 pandemic. However, the Paris-based institution expects the ...
 Rediff.com1 week ago
Hindu Business Line
Ocean economy hit hardest by pandemic: World Resources Institute
The ocean economy, which contributes upwards of $1.5 trillion in value addition to the global economy, was particularly hit hard by the Covid pandem
 Hindu Business Line1 week ago
Rediff.com
Has economy de-linked from coronavirus?
'With the June quarter GDP shrinking by nearly a quarter, there is an even greater economic imperative: Reduction of uncertainty,' observes Neelkanth Mishra. Illustration: Dominic Xavier/Rediff.com   The pandemic, much less fatal than earlier feared, is now beyond control, but the economy can still be helped. The COVID-19 pandemic count continues to grow in India, but most concurrent indicators of economic activity continue to inch up. The pace of improvement has slowed sharply, but the ...
 Rediff.com2 weeks ago
Rediff.com
Indian economy to contract 11.5% in FY21, says Moody's
For 2021-22, it projected the economy to clock a growth of 10.6 per cent. Illustration: Dominic Xavier/Rediff.com Moody's Investors Service on Friday slashed India's growth projection for the current fiscal to (-) 11.5 per cent, from (-) 4 per cent estimated earlier, saying the economic contraction would be more pronounced due to the lockdown and continued rise in coronavirus cases. The US-based rating agency also projected India's debt burden to peak at around 90 per cent of GDP in the ...
 Rediff.com2 weeks ago
Rediff.com
Indian economy to contract 10.5% in FY21: Fitch
In Q1, India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of a stringent nationwide lockdown. Illustration: Dominic Xavier/Rediff.com Fitch Ratings on Tuesday slashed India's FY21 growth projection to (-) 10.5 per cent, from (-) 5 per cent estimated earlier, saying the continued spread of the virus and imposition of sporadic shutdowns across the country has disrupted economic activity. In the first quarter of current fiscal India's gross domestic product (GDP) ...
 Rediff.com2 weeks ago
Economic Times
Steeper contraction in FY21 GDP: ICRA revises forecast downwards
New Delhi: Ratings agency ICRA on Monday revised downwards its forecast for the contraction in the gross domestic product (GDP) for 2020-21 to 11% from 9.5% earlier with fresh Covid-19 infections remaining elevated at the end of the second quarter of the ...
 Economic Times18 hours ago
Economic Times
S&P predicts India's GDP to contract 9% in FY21
India's GDP will experience a record contraction in FY21 due to the Covid crisis with some 'enduring' damage while a weakening fiscal position will constrain the government’s ability to support the economy, S Global Ratings said on Friday. The rating agency ...
 Economic Times3 days ago
India’s GDP to contract 11% in FY21: ICRA
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 Hindu Business Line19 hours ago
Times of India
'Economy to see record contraction in 2020-21'
India's economy may experience a record contraction in the current financial year mainly due to the global Covid-19 pandemic, and the real GDP growth is expected to recover from next fiscal onwards, according to a report by global rating agency S&P. The weak ...
 Times of India3 days ago

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