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Contraction in Q2FY21 GDP recedes, but India officially enters recession

New Delhi (1 Min Read): Even though India’s economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country for the very first time since Independence entered into a technical recession. The National Statistical Office (NSO) data on Friday showed that the Q2FY21 GDP on a year-on-year basis contracted by (-) 7.5 per […]

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Covid casualty: India’s Q1FY21 in freefall; GDP contracts by 23.9%

New Delhi: The Covid-19 pandemic-induced economic turbulence along with measures to curb its outbreak, heavily dented India’s economy and plunged the country’s GDP to (-) 23.9 per cent during the first quarter (Q1) ended June 2020-21 on a year-on-year basis. According to the National Statistical Office (NSO), the GDP at ‘Constant (2011-12) Prices’ in Q1 […]

Pakistan's Prime Minister Imran Khan (File Photo/IANS)

Government mocks Imran’s offer, says India’s stimulus package as big as Pakistan GDP

New Delhi/Islamabad: The government on Thursday derided Pakistan’s Prime Minister Imran Khan after he offered financial aid to India, claiming that Indians would not be able to survive for more than a week without assistance. Khan on Twitter cited a Pakistani news report which said that “nearly 34 per cent households across India would not […]