Editorial: Time to fight

The Asian Development Bank has revised down India’s economic growth forecast for the current fiscal to 10 per cent, from 11 per cent predicted earlier, citing the adverse impact of the second wave of the pandemic. This has shocked economic experts across the country. Many are confident that the nation will fight back and emerge successful. Continue Reading

India’s GDP expected to contract in FY21: ADB

The Asian Development Bank (ADB) on Tuesday projected a 9 per cent contraction of the Indian economy in the financial year 2020-21, revising its outlook within three months as the Covid situation continues. Continue Reading

United Nations’ report warns of crippling financial crisis

‘Amid prolonged trade disputes and wide-ranging policy uncertainties, the world economy has seen a significant and broad-based deterioration over the past year,’ declared the World Economic Situation and Prospects 2020 report from UN (United Nations), released recently. Continue Reading

Asian Development Bank slashes India’s GDP growth forecast

The Asian Development Bank on Wednesday sharply cut India’s growth forecast to 6.5 per cent for the current fiscal, weighed down by the GDP growth rate dipping to a six-year low in the first quarter. Continue Reading