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India's economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global coronavirus outbreak stifles ...
By the first half of June 2020, India's fuel demand was 80–85% of what it was before the lockdown. However the Indian oil minister said that it would take a much longer time for the growth in demand to be restored to pre-COVID-19 levels. [225] Oil prices dropped sharply in 2020 following the COVID-19 pandemic. Demand also fell sharply.
Indian Prime Minister Narendra Modi's televised address about Coronavirus on 19 March 2020 Modi's address about COVID-19 on 24 March 2020 On 19 March, during a 30-minute live telecast, Indian Prime Minister Narendra Modi asked all citizens to observe a ' Janata Curfew ' (people's curfew) from 7 am to 9 pm on 22 March.
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 ...
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The first cases of COVID-19 in India were reported on 30 January 2020 in three towns of Kerala, among three Indian medical students who had returned from Wuhan, the epicenter of the pandemic. [10] [11] [12] Lockdowns were announced in Kerala on 23 March, and in the rest of the country on 25 March. Infection rates started to drop in September. [13]
The U.S. benchmark S&P 500 stock index fell more than 4% on Wednesday after a dire warning on the U.S. death toll from the coronavirus.
The Reserve Bank of India announced that it would conduct $1.35 billion in open market purchases of government bonds, [351] the Bank of Korea announced that it would conduct a ₩1 trillion ($793.5 million) repo auction the following day, [352] and the National Bank of Poland announced that it would conduct open market purchases of government ...