Weekly estimates for the first three weeks of December indicate a likely marginal improvement in aggregate employment compared to November
Warns about the possibility of another, more devastating Covid wave, strikes an optimistic chord on declining infections
In order to avoid a negative growth in full FY21, India will need to see real GDP growth of over 15% in each of the two remaining quarters. That may not be possible in the present economic scenario
The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity
Stay tuned for Latest LIVE news live updates.
All that happened in the markets today
It said that the real GDP in advanced economies (AEs) contracted 11 per cent, while it shrank 14 per cent in emerging and developing economies (E&DEs), excluding China
All that happened in the markets today
If not for the numbers on agriculture and government expenditure, the GDP growth print for the first quarter of 2020-21 would have been far worse
Business Standard brings to you a snapshot of stories that made it to the headlines today
This is the first instance of an economic contraction for the country in at least four decades, and also the first GDP decline since India began publishing quarterly numbers in 1996
The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent
Going by past experience, recovery from recession often tends to be slow and takes five to ten years to reach the former peak levels of economic activity, the report said
India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years
Today, a total of 31 companies including Voltas, Jubilant Life Sciences, and Metropolis Healthcare, are scheduled to announce their March quarter results
The National Statistics Office is exchanging ideas with international agencies about handling data and statistics amid the pandemic situation
FinMin has internal estimates for economic growth, but these are subject to revisions
Based on this, Q4 growth may not be negative but can go down to 1.5-2.5 per cent
The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years!
Interestingly, the GDP estimates for FY19 have been revised downwards significantly, pushing up quarterly growth estimates for the current financial year