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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 editorial, the New York Times praised the strong regulations placed on the Indian banking system by the Reserve Bank of India. [42] In May 2009, India reported an economic growth rate of 5.8%, beating most forecasts. [43] In second quarter of 2009 the Indian economy grew by 7.9% and gave indications that the Indian economy would scale a ...
Financial Times [3] terms a double-digit percentage fall in the stock markets over five minutes as a crash, while Jayadev et al. describe a stock market crash in India as a "fall in the NIFTY of more than 10% within a span of 20 days" or "difference of more than 10% between the high on a day and the low on the next trading day" or "decline in ...
India declares a heatwave when the maximum temperature is 4.5 degrees C to 6.4 degrees C higher than usual and a severe heat wave when it is 6.5 degrees C higher than normal or more.
The market closed with the KSE 100 index down 3.1%. [193] In India, the BSE SENSEX closed 1,942 points lower at 35,635 while the NSE Nifty 50 was down by 538 points to 10,451. [194] The Washington Post posited that coronavirus-related turmoil could spark a collapse of the corporate debt bubble, sparking and worsening a recession. [195]
The temperature on that day continued to be above normal, especially in the coastal Andhra region where the maximum temperature recorded was 47.0 °C (116.6 °F) in Guntur district. [36] [37] The highest temperature in India recorded on that day was at 47.6 °C (117.7 °F) in Titlagarh, Odisha. [38]
But there's no crash in sight, according to one expert. For premium support please call: 800-290-4726 more ways to reach us
The stock market has bounced back somewhat during the first few months of 2023. But it has not been significant enough to repair the damage of a nearly 20% drop in the S&P 500 index last year.