Slowdown Blues

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Slowdown Blues

World Bank says coronavirus severely disrupted Indian economy, pegs FY21 growth at 1.5% at worst
Coronavirus update: If the domestic lockdown is extended then the economic result can be worse than estimated, the World Bank says
Slowdown Blues: India's savings rate nosedives to 15-year low, claims report
India's gross savings fell to 30.1 per cent of gross domestic product (GDP) in FY19 from 34.6 per cent of GDP in FY12. The last low was in financial year 2003-04, when gross savings were pegged at 29 per cent
Slowdown Blues: Passenger vehicle sales decline 6.2% in January, steepest in four months
A total of 164,793 cars were dispatched to dealerships across the country last month, an 8 per cent decline over 2019 while the sale of vans declined 28 per cent at 12,992
Slowdown blues: FMCG growth in 2019 contracts to 3-year low
For this year, data analytics firm Nielsen is projecting a growth of 9-10 per cent and has added that the first quarter this year (January-March 2020) may see a growth of 8-9 per cent
Slowdown Blues: Railway freight traffic drops to three-year low in April-December'19
Coal freight traffic which accounts for almost half of the total traffic declined by 2.3% in the first nine months of 2019-20 as against a 10.1% rise seen in the year-ago period
Slowdown Blues: Gems & jewellery exports decline for 9th consecutive month in FY20
Exports of gems and jewellery are unlikely to see an uptick in remaining months of FY20
'Expect auto industry growth to pick up by third quarter of this year,' says Toyota Kirloskar
The company, which had recently launched the BS-VI version of its popular multi-purpose vehicle Innova Crysta, said it will be rolling out diesel variants of other models such as Fortuner by the end of this month or early February
Slowdown Blues: Project tenders in infra fall for 4th month in a row
The decline in the month was largely attributed to sectors such as roadways, community services, water supply, real estate and power distribution
Auto slowdown: Bosch's India unit to cut workforce by 'a couple of thousands'
The company would let go around 10 per cent of the total workforce of 3,700 white-collar employees in India as part of the company's strategy to transform amidst the downturn in the automotive sector, Bhattacharya says
Demonetisation, GST continued to impact India's consumption story in 2019
The number of unemployed reached an all-time high in 2019 and thus impacted consumption. To add to this, the government's spending in rural India was well below satisfaction