Home Tag "india"

Off a cliff: India’s economy has more problems than the pandemic

According to the International Monetary Fund, India will be the large economy worst hit by the COVID-19 pandemic. The Fund now says that Indian GDP in the ongoing financial year, which began in March 2020, will contract by 4.5 per cent. Just a few weeks ago, it had been predicting 2 per cent growth for […]

PM Modi looks inward to save Indian economy as crisis bites

Prime Minister Narendra Modi wants to make India more self-reliant, but if the experience over the past few years is anything to go by, it’s not going to be easy… Read more at: http://timesofindia.indiatimes.com/articleshow/76622714.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (0)

WhatsApp may lead India’s next payment revolution, but what’s stopping it?

Money is many things, but it’s not fake news. So why block WhatsApp from spreading it around? India is the laboratory of choice for Western tech firms to test out their mobile payment capabilities so they can be rolled out from Bangladesh to Nigeria. Facebook Inc. CEO Mark Zuckerberg entered the fray two years ago… To read more: https://www.livemint.com/opinion/online-views/whatsapp-may-lead-india-s-next-payment-revolution-but-what-s-stopping-it-11591410660693.html (2)

China-India border dispute fuelled by rise in nationalism on both sides, observers say

fresh dispute with India over their long border in the desolate mountains of the Himalayas has created a new dilemma for China to go with its intensifying rivalry with the United States and international backlash against its handling of the coronavirus pandemic. Beijing risks pushing New Delhi further into the American camp, analysts have warned, if […]

Worst seems over for India’s formal job market, staffing firm says

India’s unemployment rate has probably peaked with large companies looking to restart hiring as the economy gradually exits the world’s biggest lock-down says the head of a top staffing firm. Read more at:http://timesofindia.indiatimes.com/articleshow/75839942.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (1)

India resumes purchases of Malaysian palm oil

Indian buyers have resumed purchases of Malaysian palm oil after a four-month gap following a diplomatic row, with buying spurred by a fall in domestic inventories and discounted prices, trade sources said. Read more at:https://economictimes.indiatimes.com/news/economy/foreign-trade/india-resumes-purchases-of-malaysian-palm-oil-traders/articleshow/75821854.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (3)

Indian economy to be in ‘deep freeze’: Moody’s

Moody’s Investors Service said India’s economy will not grow in the current financial year because of the “deep shock” triggered by the coronavirus outbreak and cautioned against downside risks to growth from a further extension of the lockdown. Moody’s expects a bounce-back to 6.6% growth in FY22, assuming a gradual pick-up in economic activity and […]

Software Fills In For India-Based Compliance Teams In COVID Lockdown

The COVID-19 crisis has exposed a lot of unfamiliar reliance on globalization and outsourcing, but regulatory compliance? With India on a severe lockdown, banks that had outsourced a lot of their compliance work to India find it can’t be done — the staff can’t go into the office and often the internet is too weak […]

In a coronavirus-struck world, India and China alone may escape a recession this year

The Indian economy, which was already in the midst of a major slowdown, is now facing a severe deceleration due to the Covid-19 pandemic. This has prompted unprecedented firefighting measures from the country’s central bank. On March 27, the Reserve Bank of India (RBI) cut the repo rate, at which it lends to commercial banks, to 4.4%. It […]

Covid-19 lockdown impact: Unemployment rate rises to 23.4%

Image by Rajesh Balouria from Pixabay CMIE report says India’s urban unemployment rate soars to 30.9% even as overall rate rises to 23.4%, indicating covid-19’s impact on the economy Early estimates of jobs data indicate that the coronavirus effect may have left a devastating impact on the economy, sending urban unemployment rate soaring to 30.9%… […]

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