India’s economy contracted by 23.9%. For comparison, Brazil’s GDP contracted by 11.9% and Russia’s GDP by 8%. So, did they really do better than India?
Economy and Finance
News and views related to the Indian Economy and Financial sector
While German companies are happy that Chinese sales offset the fewer units sold in European countries amid the pandemic, they are also being cautious.
While Imran Khan continues his rants against Emmanuel Macron, Pakistan govt expects debt relief of around $300 million from France
Pakistani PM Imran Khan and Pakistan citizens have been dissing about France after Emmanuel Macron criticised radical Islam
Nine out of Eleven component manufactures of Apple convinced to shift their plants from China to India: Union minister Ravi Shankar Prasad
Taking benefit of the PLI scheme announced by govt of India, several component makers and assemblers of Apple moving to India
Diwali retail sales go up by 10.8% over 2019, China loses of Rs 40,000 crore in business as Indians prefer Made in India products
Traders recorded Rs 72000 crore in retail sales in Diwali, indicating revival of retail sales following 8 months of slowdown due to lockdown
Here are the 12 measures announced by Finance Minister Nirmala Sitharaman under Atmanirbhar Bharat 3.0 stimulus package
The Finance Minister Nirmala Sitharamana announced 12 new measures under the new Atmanirbhar Bharat 3.0 stimulus package to boost the Indian economy amid the ongoing coronavirus pandemic.
Union Government approves Rs 1.46 lakh crore PLI scheme for 10 key sectors with the aim of transforming India into a manufacturing hub
The PLI scheme across these 10 key sectors will strengthen the competitiveness of the Indian manufacturers globally
Major reforms announced by Modi government, eases Work From Home norms and liberalises regulations for Other Service Provider sector
Requirement for registration, bank guarantee, static IP etc for Other Service Provider sector has been withdrawn by the Modi govt
Festive season puts Indian Economy back on track as the Auto sector, GST collections post impressive figures in October 2020
Besides encouraging Automobiles sales figures, GST mop up for the month of October, has for the first time touch the Rs 1 lakh crore mark, 10 per cent rise as…
“Insider trading?” Netizens wonder as Bajaj Auto registers record sales in October despite Rajiv Bajaj’s fear-mongering about economic slump
Bajaj Auto has registered its highest-ever monthly sales of 5.12 lakh units, a staggering 11 per cent year-on-year growth as compared to October 2019