Economy News

Prabhjote Gill
23 Jun 2021, 16:05

India’s GDP has contracted five times since 1947, but never as bad as 7.3%

India’s GDP has contracted five times since 1947, but never as bad as 7.3%

India’s GDP has contracted five times since 1947, but never as bad as 7.3%

India’s GDP has contracted by 7.3% over the past one year as per provisional estimates released by the National Statistical Office (NSO) on May ...

Moody's revises India's FY21 GDP contraction to -10.6% after government announces new stimulus measures
19 Nov 2020, 12:07

Moody's revises India's FY21 GDP contraction to -10.6% after government announces new stimulus measures

Moody's Investor Service on Thursday revised the contraction rate of India's FY21 GDP to (-) 10.6 per cent from an earlier estimate of (-) 11.5 per cent.

RBI reports India has entered a technical recession for the very first time
12 Nov 2020, 13:48

RBI reports India has entered a technical recession for the very first time

India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI).