“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.
India has turned a net exporter of chemicals and related products for the first time
By IAR Desk The International Monetary Fund (IMF) has said that global economic activity is
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 underlined their complete commitment to the OPEC+ deal on Monday.
This is a reflection of our confidence in the future of India and its digital economy, Sundar Pichai said.
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.
First phase of the Gulf Railway Project, which is expected to be finalized in 2023, will connect Saudi Arabia, the UAE and Oman
By IAR Desk New Delhi: India’s trade deficit with China fell to US$48.66 billion in 2019-20
In April, New Delhi tightened its foreign investment laws, a move widely interpreted as aimed at Beijing.