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The coronavirus is spreading faster in India than anywhere else in the world, with more than 3.3 million people already infected and related deaths at over 60,000. Recovery hopes dashed for India ...
India’s economy expanded by a weaker-than-expected 0.4% in the October-December quarter, which still allowed it to escape recession following large contractions in the two previous quarters ...
India's labor force participation rate, a measure of the proportion of the working-age population that is either employed or actively looking for work, has seen a significant decline in recent years. According to the Centre for Monitoring Indian Economy (CMIE), India's LPR was approximately 41.38% in March 2021 but has further dropped to around ...
The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. 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.
In an August 2024 report, J.P. Morgan analysts revealed that there's a 35% chance the U.S. will fall into a recession by the end of this year. The probability of a recession by the end of 2025 ...
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 125th by GDP (PPP). [61]
For example, the NBER didn't declare the recent pandemic-related recession in March 2020 an official recession until July 2021. The contrarian: Michael Burry of "The Big Short" fame in 2015.
On 9 March 2020, the Sensex fell by 1,941.67 points, while Nifty-50 broke down by 538 points. The fear of COVID-19 outbreak has created havoc all over the globe and India is no exception. Further, the recent Yes Bank crisis also made the markets fell. [39] The markets ended in red with Sensex closing on 35,634.95 and Nifty-50 on 10,451.45.