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The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably, India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook".
The economy of India is a developing mixed economy with a notable public sector in strategic sectors. [5] It is the world's fifth-largest economy by nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked 141th by GDP (nominal) and 119th by GDP (PPP). [58]
Economic Advisory Council to the Prime Minister (EAC-PM) [1] is a non-constitutional, non-permanent and independent body constituted to give economic advice to the Government of India, specifically the Prime Minister. [2] The council serves to highlight key economic issues facing the country to the government of India from a neutral viewpoint. [3]
Indian police intervened to stop a meeting of prominent activists, academics and politicians discussing global issues ahead of a summit of the Group of 20 industrialized and developing nations ...
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12 June – The Indian external affairs ministry issues a notice urging the Russian Government to quickly return all Indian nationals who are serving in the Russian army after two Indians recruited are killed in the war with Ukraine. [87] 14 June – 2024 Northeast India floods: Heavy rains and landslides kill six people across Sikkim. [88]
Indian Foreign Minister Subrahmanyam Jaishankar met his Chinese counterpart Wang Yi on Thursday in Laos, where the two leaders agreed to resolve border issues as soon as possible. The two ...
Composition of India's total production of foodgrains and commercial crops, in 2003–04, by weight. India ranks second worldwide in farm output. Agriculture and allied sectors like forestry, logging and fishing accounted for 18.6% of the GDP in 2005, employed 60% of the total workforce [13] and despite a steady decline of its share in the GDP, is still the largest economic sector and plays a ...