Slowdown Blues
Business Today
Loading...
Slowdown Blues
Infographic: Rs 21 lakh crore won't stop recession

Economic package of Rs 21 lakh crore will do little to stop Indian economy from slipping into recession as most sectors struggle to return to normalcy

 
 
India-China border tension: US President Donald Trump had said that he spoke with PM Modi about the conflict and said that the Prime Minister was not in a good mood
Coronavirus has badly shook the Indian economy with all major sectors taking a major hit as all activities come to a standstill
 

Sensex has plunged 39% since its peak due to coronavirus impact; investors wonder if it has bottomed out
 

"We are expecting GDP growth to be 1.1-1.2 per cent in FY21 with a downward bias," CARE Ratings said in a note
For China, it revised downwards its 2020 real GDP forecast to 1.1 per cent from 2.6 per cent previously, to reflect the impact of a worsening global economic outlook
 
 
Most cash-starved companies are forced to cut jobs as coronavirus lockdown has  brought the economy to a complete standstill
India's unemployment rate shot up 14.8% to reach 23.5% in the month of April, much higher than 8.7% reported in the previous month
Moody's said the economic costs of coronavirus crisis amid the near shutdown of the global economy are accumulating rapidly
Coronavirus update: If the domestic lockdown is extended then the economic result can be worse than estimated, the World Bank says
Advertisement