Sitharaman vs Chidambaram on India becoming 3rd largest economy
Sitharaman termed Chidambaram "arithmetic inevitability" remarks as "misleading" and explained her rationale.
Sitharaman termed Chidambaram "arithmetic inevitability" remarks as "misleading" and explained her rationale.
Citing the deteriorating global scenario, the World Bank on Thursday downgraded India's GDP forecast for the current fiscal to 6.5 per cent.
Besides, it has excluded the impact of the release of food subsidy arrears in FY2021, based on the clarification provided by the National Statistical Office (NSO).
PHDCI Economy GPS Index was 103 in February 2020, with an improvement of 19 points in February 2021 over February 2020.
The GVA in Q3 2020-21 from the manufacturing sector grew 1.6 per cent, as compared to a de-growth of (-) 1.5 per cent in Q2FY21.
The ADB expects that the inflation to fall in the remainder of FY2020 to 4.5 per cent with tamed food prices and decreased economic activity.
Auto unit sales will decline at least 30 per cent in 2020, following a decline of over 40 per cent in the seven months through July.
India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
So far, around 1,000 listed entities have announced their results for the first quarter.
The report said that as the COVID-19 pandemic is still not contained in India and partial lockdowns have been re-introduced in some parts of the country.
