Indian economy news

The estimate comes days after official data said the economy contracted by 23.9 per cent for the June 2020 quarter, compared to the level it was at in the year-ago period as activity across all sectors barring agriculture contracted due to the lockdowns. The nearly two-month-long lockdowns chilled economy activity but was unable to contain the number of infections, which stands at 40 lakh. … [Read more...] about Indian economy worst hit, FY21 GDP to contract 14.8%: Goldman Sachs

New Delhi: The global oil price is at historic lows which is good news for the Indian economy as it relies mostly on imported oil to meet its needs. Unfortunately, this low price is a result of the pandemic that has more or less shut down the global economy leading to a massive decrease in demand for oil. The low demand also triggered a fracture in the oil cartel that has routinely manipulated its production to sustain a price that they prefer.Global oil demand and oil cartel machinations are not particularly susceptible to Indian influence as India is neither a major producer nor consumer of oil. On the contrary, the Indian economy is extremely susceptible to the global oil price and has always been uncomfortable with its predicament. Electrification of transportation with the electricity being generated from locally sourced fuels is the only plausible way for India to minimize its dependence on oilimports.From a macroeconomic perspective, freight transportation is relevant to … [Read more...] about OPINION: Covid-19 – Minimizing inflation in the Indian economy

India recorded one of the sharpest gross domestic product (GDP) contractions in the world in April-June. India’s GDP shrank by a staggering 24% year-on-year amid the imposition of one of the most stringent global nationwide lockdown. … [Read more...] about Fitch projects Indian economy to contract 10.5% this fiscal

The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri. … [Read more...] about 7 Indian-Americans in

Despite being polar opposites of each other, Akshay Kumar and Twinkle Khanna’s marriage has been rock-solid for almost two decades now. If he is diplomatic, she is famous for her no-holds-barred style. He is a fitness enthusiast who loves outdoor activities, while she prefers to curl up with a good book. However, their differences only make them stronger. Read more … [Read more...] about News updates from Hindustan Times: India’s banking sector debt severely affected due to Covid-19 and all the latest news