-PTI/ Business Standard V Anantha Nageswaran also ruled out recession hitting India, given its macroeconomic fundamentals Chief Economic Adviser V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations. Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation. "Compared to the experience of many developed and developing countries, India is somewhat better placed and...
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COVID-19 resurgence: Cases rise in China, Europe and New Zealand -Taran Deol
-Down to Earth Hong Kong and New Zealand facing huge waves; situation in Hong Kong similar to India delta wave The COVID-19 pandemic is again rearing its head on the opposite sides of Eurasia after a lull, with both, China and Europe reporting a rise in cases, according to media reports. New Zealand too is facing a resurgence in cases. China recorded 5,280 new cases March 16, 2022, which is a more than...
More »India's Economy Faces A Potential Stagflation Risk From Ukraine War -Sunil Prabhu
-NDTV.com The Indian economy faces a potential threat of stagflation from the ongoing Russia-Ukraine war, driven by trade disruptions and rising oil prices. The Indian economy faces a potential threat of stagflation from the ongoing Russia-Ukraine war, driven by trade disruptions and rising oil prices which will push already high inflation further up, which will hurt growth prospects. Gross Domestic Data released on Monday showed the economy slowed in the October-December quarter, even...
More »India May See Fourth Covid Wave From June, Peak In August: Study
-PTI/ NDTV.com Officials at the World Health Organization recently warned that Omicron may not be the last Covid variant and the next strain could be more contagious. New Delhi: The fourth wave of the COVID-19 pandemic in India may start around June 22 and peak from mid-to-late August, a modelling study by researchers at the Indian Institute of Technology-Kanpur suggests. The yet-to-be peer-reviewed study, recently posted on the preprint repository MedRxiv, used a...
More »India’s GDP growth slows down to 5.4% in October to December quarter
-Scroll.in The government has projected 8.9% growth in 2021-’22, which is lower than the January estimates. India’s Gross Domestic Product grew by 5.4% in the October-December quarter and is likely to expand at 8.9% in 2021-’22 financial year, government data showed on Monday. During the second quarter (July-September) of the 2021-’22, the economy grew by 8.4%. In its first advance estimates released in January, the National Statistical Office had projected 9.2% growth for...
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