As we know, India is witnessing a devastating surge in Covid-19 infections. Our healthcare systems have collapsed, and the vaccination rate is extremely low. The strict localised lockdowns and curfews imposed across the country have led to disruptions in economic activities. The overall state of affairs in our country has become very grim. So far, […]
Turkey, a country with a population of just 8.2 crore people, has abundant natural resources. It is one of the most developed countries in the Mediterranean region and Middle-East. It has the 17th largest GDP in the world. As a country, Turkey prospered far better in the 21st Century than its neighbours. However, tables turned […]
Economic Survey projects India’s real GDP growth at 11% in FY 2021-22 The Finance Ministry’s Economic Survey projects that India’s real gross domestic product (GDP) would record a growth of 11% in the financial year 2021-22. The nominal GDP growth has been estimated at 15.4%, implying an assumption of 4.4% inflation during the year. The […]
India's GDP results for the second quarter are finally out. Our economy has contracted by 7.5% and has entered into a technical recession. Find out what exactly this means, and how each sector has performed after the world's largest lockdown was removed. Are things looking better, or should we be worried?
Goldman Sachs raises India’s GDP forecast for 2020-21 Goldman Sachs has raised its GDP forecast for India to a 10.3% contraction, from the -14.8% it had projected in September. The global financial service provider has stated that it expects economic activity in the country to improve faster than anticipated. The firm has also stated that […]
India’s GDP expected to contract by 9.6% in FY21: World Bank India’s economy is expected to shrink by 9.6% in the current financial year (2020-21). The report comes from the World Bank’s half-yearly South Asia Focus update. Assuming that all Covid-19 restrictions are lifted by 2022, India’s growth rate is projected to bounce back to […]
The National Statistical Office of India’s GDP(Gross Domestic Product) estimates and National Accounts for the period of April-June were published on 31st August 2020. Gross domestic product (GDP) is the money value of all finished goods and services made within a country during a specific period. Observers of the Indian economy keenly awaited the NSO […]