The Covid pandemic has taken the sheen off the famous Arni silk sarees as the producers and traders are staring at a bleak Deepavali season this time.
A pandemic, slowing economy and geo-political tensions with China have disrupted the startup sector in India – currently third largest such ecosystem in the world.
The lockdown and resulting economic slowdown have hit the unorganised sector the hardest – directly and indirectly.
In its report, the World Bank noted that the lack of recent data for India severely hinders the ability to monitor global poverty.
WTO’s worst-case scenario, a decline in trade volumes by 32%, was ominously similar to the experience during the 1930s Great Depression. This has not materialised
The annual budget is expected to contain a wage subsidy to get unemployed young Australians back to work.
Though the government has announced a Rs 100 crore package for weavers, the money is meagre when it reaches an individual, industry experts pointed out.
But the ministry also maintained that its market borrowings won’t be revised upwards, implying that additional spending this fiscal is unlikely.
The real threat confronting the long-term sustainability of the India Story precedes the lockdown — and is visible in data for the previous quarters.
The decision has been taken given the fact that using technological innovations for planning, scheduling and forecasting is known to be economical, efficient and effective.
It was well known that India’s economy would contract, but the National Statistical Office’s (NSO) data released on Monday evening was quite a shocker.
Reopening of pubs, bars will generate jobs, revenue for cash-strapped govt
India has a good chance of capitalising on the changes, provided the government puts in place the right policies—and assures investors of policy stability.
RBI at end of rate cut cycle, government needs to play decisive role for economic recovery, say SBI economists
The supply chain disruptions are showing no signs of abating and have played a spoilsport across several states, they added.
General global convention, though a few institutions may have more nuanced conditions, define a recession as two consecutive quarters of declining GDP.