Lockdown

India's Oct exports rise over 42%, imports over 62%
IANS -
Exports in October 2020 had stood at $24.92 billion. According to data furnished by the Ministry of Commerce and Industry, in comparison to October 2019, last month's exports rose by 35.21 per cent. As per the data, India's merchandise imports last month increased by 62.49 per cent to $55.37 billion over $34.07 billion in October 2020.
India logs 9% growth in job postings in September YoY: Report
Newsmen Business Desk -
The CEO of Monster.com Sekhar Garisa said that as we approached the end of the September quarter, it was promising to note that we had witnessed a significant growth of 6% in the hiring over the last 3 months. The report further says that there was a stable monthly growth in job postings in the month of September compared to that of August.
Growth Stimulating: RBI's MPC retains rates, accommodative stance
IANS -
Accordingly, RBI Governor Shaktikanta Das pointed out that GDP is expected to grow at 7.9 per cent in Q2, 6.8 per cent in Q3, 6.1 per cent in Q4 and 17.2 per cent in Q1FY23. On Friday, the RBI retained its key short-term lending rates during the third monetary policy review of FY22. Besides, the growth-oriented accommodative stance was retained to give a push to economic activity.
GDP contribution of domestic electronics component manufacturing to double soon
IANS -
IESA is the key industry body representing the Electronics Systems Design and Manufacturing (ESDM) and intelligent electronics industry in India. Through its deep connection with its member companies, IESA aims to grow the ESDM and electronics business segment in India while making India the preferred destination for electronics and semiconductor design and manufacturing.
India's July-Sep GDP growth seen at 7-8%
IANS -
In the first quarter of the financial year 2021-22, India's GDP witnessed a growth of 20.1 percent compared to the same period of the last fiscal. According to the EcoScope report of Motilal Oswal Financial Services Limited (MOFSL), there would be some moderation in Economic Activity Index-Gross Value Added (EAI-GVA) growth in July 2021, largely on account of weaker fiscal spending.
India on course for 9% GDP growth in FY22, 3rd wave still a concern
IANS -
The data released by the Union Ministry of Statistics on Tuesday showed that the country's GDP has recovered swiftly to clock a growth of 20.1 percent in the April-June quarter of FY22 as against a contraction of 24.4 percent seen in the same period of the previous year.
Accelerated Recovery: India's Q1FY22 GDP growth zooms 20.1% YoY
IANS -
In 2020, the pandemic had battered the country's GDP which had contracted by 24.4 percent during Q1FY21. India's GDP at constant 2011-12 prices has been estimated at Rs 32.38 lakh crore, as against Rs 26.95 lakh crore in Q1FY21.
India on course for a double digit growth in FY22
IANS -
The report authored by Barclays chief India economist Rahul Bajoria has projected upside risks to its FY 2021- 22 GDP projection of 9.2 per cent and says that if all its forecast is realized, GDP growth could be close to double digits for the current fiscal year. The banker's projection on India's FY22 GDP is close to RBI's which had retained GDP forecast for the year at 9.5 per cent.
Real GDP growth of 20% YoY expected in Q1FY22: Report
IANS -
According to MOFS' EcoScope report, the 'Economic Activity Index' for India's real GVA grew by 11.6 per cent YoY in June, after growing 22.8 per cent YoY in May. "It implies EAI-GVA growth of 22.6 per cent YoY in 1QFY22, following a contraction of 14.4 per cent YoY in 1QFY21. A low base led to higher double-digit growth in the non-farm sector, while farm activity grew 6.6 per cent in the quarter," the report said.
New lockdowns impacted business in India in Q2: Uber
IANS -
Overall, Uber's gross bookings reached $21.9 billion in the second quarter, up 114 per cent compared to the year-ago period, the company said in a statement late on Wednesday.The company recorded Mobility Gross Bookings of $8.6 billion and Delivery Gross Bookings of $12.9 billion. Net income was $1.1 billion, including $272 million in stock-based compensation .
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