RBI has also revised its forecast of economic growth for the current fiscal year (2020-21) to (-)7.5% as against its earlier forecast of (-)9.5%. India’s economic growth is likely to reach pre-COVID-19 levels by the end of the 2021-22 fiscal as the GDP contraction in this financial year is expected to be less than 8%, […]
India’s industrial output grew by 4.5% in February, mainly on account of higher output in mining, manufacturing and electricity sector, government data showed on April 9. The Index of Industrial Production (IIP) had grown by 0.2% in February 2019. According to National Statistical Office (NSO) data, manufacturing sector output rose by 3.2% compared to contraction […]
The industrialist said the economic implications of the lockdown can be severe and opening of business activities is crucial for India to achieve its aim of becoming a successful economy. Source: thehindu.com Related
