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Sunday, April 11, 2021

Recession

India exits technical recession, Q3FY21 GDP grows by 0.4%

New Delhi, Feb 26 (IANS) India has officially exited the technical recession phase that was brought about by the Covid-19 pandemic, with official data on Friday showing that the country's Q3FY21 GDP grew by 0.4 per cent. Though not comparable,...

India officially enters recession, but contraction in Q2FY21 GDP recedes

New Delhi, Nov 27 (IANS) Even though India's economic recovery accelerated in Q2FY21 from the lows of the pandemic-induced lockdown, the country, for the very first time since Independence, entered into a technical recession. The National Statistical Office (NSO) data...

India enters into technical recession for first time: RBI Report

Mumbai, Nov 12 (IANS) India has technically entered into a recession with a likely contraction in its GDP during the July-September period, according to a report by the Reserve Bank of India (RBI). RBI's Economic Activity Index estimates that India's...

SBI Ecowrap projected, India to see negative double digit real GDP in FY21

Even as the country’s economic growth contracted by 23.9 per cent in Q1FY21, preliminary estimates indicate the fiscal will exhibit a negative double digit growth in real GDP, says a SBI Ecowrap report. The report, released a day after official...

GDP sees unprecedented freefall in Q1FY21, contracts by 23.9%

New Delhi (IANS) The Covid-19 pandemic-induced economic turbulence, along with measures to curb its outbreak, heavily dented India’s economy and plunged the country’s GDP by (-) 23.9 per cent during the first quarter (Q1) ended June 2020-21 on a...

Accenture to lay off 25K employees, Indians set to lose jobs

New Delhi, Aug 26 (IANS) Global professional services company Accenture which has over 5 lakh employees worldwide is to cut at least 5 per cent of its 'low-performing workforce and thousands of Indians are set to lose jobs owing...

Clear & Present Danger: Economy facing rising risk of stagflation

By Rohit Vaid, (IANS) India’s economy which is already reeling under immense turbulence unleashed by the Covid-19 pandemic, now faces an ever increasing risk of stagflation, experts opined. The economic trend of stagflation is marked by rising inflation and falling...

One out of five people jobless in country after Lockdown

New Delhi, July 23 (IANS) After the easing of lockdown in the country, one out of five people has been rendered jobless, as per the IANS-CVoter Covid-19 Tracker. According to the survey, 21.57 per cent of people have either completely...

LinkedIn to cut nearly 1,000 jobs amid Covid-19 challenges

San Francisco: Microsoft-owned professional networking platform LinkedIn has decided to reduce approximately 960 roles, or about six percent of its employee base, amid slowdown in hiring. The job cuts will impact the company’s global sales and talent acquisition sections, LinkedIn...

Covid 19 to shrink India enterprise software market growth to 3.8% in 2020

New Delhi, June 27 (IANS) The disruption cased by Covid-19 would cause a significant decline in India''s enterprise software market this year, tapering down the growth to mere 3.8 per cent (year-on-year), a new IDC report said on Friday. The...

Latest News

‘E-commerce growth in tier-2, 3 cities outpace tier-1 Indian cities’

Mumbai, Apr 11 (IANS): The growth of e-commerce volumes in tier 2 and 3 cities in India is outpacing that...