Construction sector fell a staggering 50.3 per cent, while manufacturing sector contracted by 39.3 per cent, at constant prices
GVA at current prices at 5.7%, down from 8.6% YoY
He said indicators like rail freight traffic and electricity consumption are pointing to a recovery in economic activity
India's GDP shrank steeply by 23.9 per cent in the April-June period as the coronavirus lockdowns battered an already slowing economy
The only sector to show growth is agriculture, while the government sector disappointed with public admin de-growing by 10.3 per cent
As many as 13 out of 18 indicators analysed by Business Standard showed a contraction in Apr-Jun, ranging from services exports at a 10% clip, to domestic air travel with more than 90% fall
Short-term as well as medium-term prospects (for Indian economy) continue to be grim, says D Subbarao
At the lower end of the estimate band is India Ratings' 13.6% and at the upper, Pronab Sen predicts a maximum shrink of 35%
An analysis of seven major economies, including India seems to suggest that all, save China, are struggling to turn around
He also pitched for developing a new system that should allow every player in every sector of the country's economy to operate at full steam with suitable precautions
China's economy grew 3.2% in the second quarter, following a slump of 6.8% in the first, according to its National Bureau of Statistics
Banks, NBFCs give lowdown on credit flow to PM; present ideas on financial inclusion, housing finance
The draft paper titled 'Towards Responsible#AIForAll' saidthere is a potential of large scale adoption of AI in a variety of social sectors.
Economy likely to contract this quarter and next and in this fiscal year as a whole, according to poll of 60 economists.
Singh said the economic expansion in 2022-23 would determine whether or not the initiatives to revive growth are sustainable
After many quarters, the economy logged in a marginal current account surplus in June quarter at 0.1 per cent or $600 million as against a deficit of $4.6 billion or 0.7 per cent of GDP in FY19
The yet to be stabilised infection curve reflects a deeper double-digit contraction in Q1 of FY21 and a shallower pickup in Q2 and a return to growth in Q3
Rajan cautioned that one should not mistake pent up consumption for normal consumption.
The Covid-19 pandemic outbreak has severely impacted the economic activities
Imports of the yellow metal stood at $8.75 billion in the corresponding period of 2019-20.