Slowdown Blues

images/secimages/economyslowdown_051319041734.png

Slowdown Blues

Per capita GDP to slip below Rs 1 lakh
India's per capita GDP is projected to fall below Rs 1 lakh mark in 2020-21
India in recession after 41 years
India will see a recession after 41 years with the GDP expected to shrink 7.7% in 2020-21
Worst jobs scene on record; 61,807 subscribers exited EPFO in April
Employees in the age bracket of 22-25 years were the worst hit followed by the age group above 35, 29-35 years and 26-28 years, respectively
Infographic: India's GDP - Apples to apples
Be it any metric, India's GDP has suffered the biggest contraction among world's major economies
GDP CONTROVERSY: At -75% 'annualised' GDP, India still the worst performer
Indian economy, which saw one of the most stringent lockdowns, has shrunk the most amongst major economies on not just quarterly basis but also annualised basis
Job creation fell by 71.8% in Q1FY21: A close look at EPFO data
The first three months in this fiscal saw 8,47,649 new jobs compared to 30,02,975 jobs in the same period previous fiscal.
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