In corona crisis lies India’s opportunity to make huge economic gains: Jayant Sinha

In corona crisis lies India’s opportunity to make huge economic gains: Jayant Sinha

Tough times never last, only tough people and tough institutions do, Reserve Bank governor Shaktikanta Das said last month. This phrase could well be expanded to include tough countries too. India is a tough, survivalist country and we will surely beat back the coronavirus pandemic. We have many extreme challenges to overcome in the next few weeks and months. […]

Five countries with the most resilient economies

Five countries with the most resilient economies

The Covid-19 pandemic has injected an unprecedented amount of uncertainty into the global economy, as countries across the world battle growing infections, implement wide-ranging social-distancing strategies and attempt early fiscal interventions to stabilise markets. Top 10 most resilient countries, according to the 2019 Global Resilience Index 1. Norway 2. Denmark 3. Switzerland 4. Germany 5. […]

IMF chief says global economy has clearly entered recession

IMF chief says global economy has clearly entered recession

The coronavirus pandemic has driven the global economy into a downturn that will require massive funding to help developing nations, IMF chief Kristalina Georgieva said Friday. “It is clear that we have entered a recession” that will be worse than in 2009 following the global financial crisis, she said in an online press briefing. With […]

Moody’s cuts India GDP growth to 2.5% from 5.3% in 2020

Moody’s cuts India GDP growth to 2.5% from 5.3% in 2020

Moody’s Investors Service has slashed its estimate of India’s economic growth forecast to 2.5% during 2020 calendar year from an earlier estimate of 5.3% amid the rising economic cost of the coronavirus pandemic. Moody’s said it expects the growth to bounce back to 5.8% in the calendar year in 2021 and expects a gross domestic […]

Sensex, Nifty extend gains as govt may announce stimulus package

Sensex, Nifty extend gains as govt may announce stimulus package

European markets surge at open London’s FTSE rose 2.8% in opening deals, while CAC index in France jumped 4.4% and Germany’s DAX index advanced nearly 6%. KNR Constructions halts all operations The infrastructure development company said it has temporarily suspended operations across all locations to prevent the spread of coronavirus. The company also said it […]

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