This will have their economic output shrinking by at least 2-4% this fiscal year, Crisil said in the report on Tuesday. The pandemic-hit states are staring at a record 36% jump in their indebtedness to ₹68 lakh crore, which will be a decadal high this fiscal year as their revenue is seen plunging 15%, according […]
French spirits group Pernod Ricard cut its full-year profit growth outlook for 2019-2020 on Thursday, saying the coronavirus epidemic in China was likely to have a severe impact on its third-quarter performance. The company, which makes 10% of its sales in China, said it could not currently predict the duration and impact of the crisis, […]
India’s GDP grew at 5.8% in the January-March 2019 quarter, dragging down the full year growth to a five-year low of 6.8%. The unemployment rate in the country rose to a 45-year high of 6.1% in 2017-18, as per official data released on the first day of the second term of the Modi government. Addressing […]
