India’s economy has suffered more than most from the pandemic and so have its people. The country has lost more than a year’s worth of growth and perhaps a decade’s progress in its efforts to reduce poverty. The economic contraction — the first in India since the 1970s — has put pressure on its government like so many others to respond.
Global Economic
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India GDP Growth For FY20 Revised To 4% From Earlier Estimate Of 4.2%
India GDP growth in 2019-20 stood at 4% compared with the provisional estimate of 4.2%, according to the first revised estimates released by the Ministry of Statistics and Programme Implementation on Jan. 29.
Powell Says No Bond Taper for ‘Some Time’ as Recovery Moderates
Federal Reserve Chair Jerome Powell made clear the U.S. central bank was nowhere near exiting massive supportfor the economy during the ongoing coronavirus pandemic, as officials lefttheir benchmark interest rate unchanged near zero and flagged a moderating U.S. recovery.
After Fed Meeting, Boeing Reports a Record $11.9 Billion annual loss
Fed Meeting : The financial results were announced on Wednesday morning, shortly after aviation regulators in Europe approved the 737 Max to fly again
Stocks, Futures Decline After Fed; Dollar Climbs: Markets Wrap
Futures Decline After Fed – Asian stocks dropped with U.S. and European futures Thursday after Federal Reserve Chair Jerome Powell highlighted uncertainty about the economic rebound. The dollar advanced against major peers.
Fed Sees Rates Near Zero Through 2023 to Boost Jobs, Inflation
Fed Sees Rates – Stocks erased gains amid a selloff in giant technology companies and Federal Reserve Chairman Jerome Powell’s remarks over an uncertain economic rebound without further stimulus.
India Q1 GDP Outlook: Economy is Forced to Shutdown And Restart Mode
India Q1 GDP was likely to see its lowest point of growth this year during the April-June quarter at -15.2%, according to a Nomura report on Wednesday.