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
‘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
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