Slowdown Blues

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Slowdown Blues

Only 4.19 lakh net jobs created in April and May 2020: EPFO
With unemployment rate of more than 23% in the first two months of FY21 only 4.19 lakh net jobs were created
Infographic: Will credit rating agencies downgrade India to junk status?
Top credit rating agencies have downgraded India but the country has managed to escape a 'Do Not Invest' tag, also called the junk status. Here's a look at what led to decline in India's sovereign ratings, and what it will take to reverse the trend
Coronavirus fallout: IMF lowers forecast for 2020 global economic growth
For 2021, the IMF envisions a rebound in growth, so long as the viral pandemic doesn't erupt in a second major wave
India stares at 5th recession: How is it different from the past downturns?
Since independence, India has witnessed four recessions. As per Reserve Bank of India (RBI), the recessions occurred in 1958, 1966, 1973 and 1980
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
'No conversation between PM Modi, Trump on India-China standoff,' say govt officials
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
Infographic: How coronavirus has damaged job scene in India
Most cash-starved companies are forced to cut jobs as coronavirus lockdown has brought the economy to a complete standstill
Infographic: Coronavirus outbreak triggers full-blown economic crisis
Coronavirus has badly shook the Indian economy with all major sectors taking a major hit as all activities come to a standstill
India's unemployment rate shoots to 23.5% in April: CMIE
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
Infographic: Has Sensex bottomed out?
Sensex has plunged 39% since its peak due to coronavirus impact; investors wonder if it has bottomed out