Recession

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...

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...

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...

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...

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...

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...

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...

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...

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...

Chandigarh (IANS) Researchers have found that 22 per cent workers lost their jobs and 31 per cent faced partial unemployment amid the lockdown in three north Indian states. The focus group on business and economic policy research of University...