Government imposes restriction on public procurement from China, other neighbours
The decision was taken to “strengthen the defence of India and national security”.
Trade & Economy
Indian economy set for post-COVID-19 rebound as FDI remains buoyant: IHS Markit
“The severe negative impact is expected to result in a significant contraction in GDP in the April-June quarter of 2020, resulting in a recession in the 2020-21 financial year with GDP expected to contract by 6.3 per cent year-on-year,” it said in its outlook on the Indian economy.
First time in a decade India turns net exporter of chemicals and related products
India has turned a net exporter of chemicals and related products for the first time
Global economy picking up but wave of infections can cause disruptions: IMF
By IAR Desk The International Monetary Fund (IMF) has said that global economic activity is
OPEC forecasts rise in global oil demand
2020 has witnessed a collapse in oil prices after global demand fell by a third when governments imposed lockdowns to stop the spread of the virus.
Saudi Arabia, Iraq, and Nigeria commit to OPEC+ deal
Saudi Arabia, Iraq, and Nigeria underlined their complete commitment to the OPEC+ deal on Monday.
Google to be nvest $10 billion in India
This is a reflection of our confidence in the future of India and its digital economy, Sundar Pichai said.
Global economy to contract by 5.2 per cent in 2020 as coronavirus continues to spread: Report
According to Dun and Bradstreet’s Country Risk and Global Outlook Report, that covered 132 countries, the wider global context remains sombre and the global economy will not reach pre-pandemic levels of activity again before 2022.
$15 billion project: Gulf countries to be linked by trains
First phase of the Gulf Railway Project, which is expected to be finalized in 2023, will connect Saudi Arabia, the UAE and Oman
India’s trade deficit with China decreases to $48.66 bn
By IAR Desk New Delhi: India’s trade deficit with China fell to US$48.66 billion in 2019-20