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GDP growth at -23.9% in Q1; first contraction in more than 40 years
As per the NSO, gross value added (GVA) came in at -22.8 per cent. It is the worst economic contraction on record.
Government working to increase digital economy's contribution to 20% of GDP in 5 years
MYGov, National e-Governance Division and Digital Indi...
Government holds back full IIP data for May
NEW DELHI: The pace of contraction of India’s factory output slowed in May, falling 34.7% on year...
Early signs of formal employment gaining ground appear as suggested by EPFO data
In what could be early signs of formal employment gaining ground after significant dip in April due to nationwide lockdown, the number of subscribers who left and rejoined Employees Provident Fund (EPF) scheme stood at an all-time high so far this year in June, while the number of exits from the scheme dropped significantly.
View: Decoding the economic contraction
The major challenge for revival has been the narrowing fiscal space for the government to enable spending on one hand, and the problem of overleveraged balance sheets for banks and corporates on the other. The limitation of the government on the fiscal front has made all efforts on the monetary side by the Reserve Bank of India ineffectual.
Government needs proof of foul play to probe China company's data mining
On Monday, the Indian Express reported that Zhenhua Data had links to the Chinese government and the Chinese Communist Party and was monitoring over 10,000 Indian individuals and organisations as part of its global database of “foreign targets”.
Some August economic data brings cheer, India's factory activity grows for first time in five months
But the bounce is unlikely to signal a quick turnaround in the Indian economy, which contracted at its steepest pace on record of 23.9% annually last quarter. It was expected to remain in recession this year, a Reuters poll showed on Friday.
Tech trade group urges India not to accept draft report on non-personal data governance
The government has invited public feedback on the report prepared by a committee of experts on ''non-personal data governance framework''.
View: India paid the price of lockdown without the reward it expected
Plenty of places have been pummeled by the pandemic, but few have notched a descent as steep as India has. And unlike Malaysia, Singapore or China, the shutdown in India didn’t even help curtail the spread of the virus. The consequence of it all is that India incurred a dreadful cost for little reward.
What exactly to expect from today's GDP numbers
GDP forecasts for the June quarter range from contraction of 15 to 25.9 per cent, which is the worst performance since the country started reporting quarterly data in 1996, according to Bloomberg.
Demand for work under the rural employment guarantee scheme falls sharply in July
The unemployment data by the Centre for Monitoring Indian economy shows 122 million people had lost jobs in April, the first month of the lockdown. However, 91 million of these recovered by the end of June with 21 million joining back work in May and another 70 million coming back to the labour market in June.
World Bank’s review unlikely to impact India’s ease of doing business ranking
The World Bank had on Thursday announced it was putting on hold the publication of its Doing Business report 2021 as it conducts a “systematic review” to probe data collection irregularities.
Karnataka: Medical Officers’ stir hits Covid-19 data filing
The strike has led to under-reporting of Covid cases in the daily health bulletin with some districts not reporting new cases and at least nine districts not updating the daily discharges on Tuesday.
UP government's data on decreasing crime rate triggers row
The state government has released figures for the first seven months of each year since 2012, claiming that the three major crimes of murder, rape and dacoity have seen a consistent decline since the BJP came to power in the state in 2017.
Government debt set to hit historic high of 91% of GDP in FY21, says report
The debt ratio is likely to be at a high 80% by FY30 and is unlikely to fall to the targeted 60 per cent even by FY40 without further hurting growth, it added.