Lockdown has already cost the Indian economy around $350 billion
Business

Lockdown has already cost the Indian economy around $350 billion

The impact of coronavirus has been severe in sectors like travel and mobility. According to a recent report, India’s daily GDP now stands at around $8 billion, Indian has been under lockdown for 44 days, which makes the overall economy to suffer around $350 billion in GDP loss. Small and Medium enterprises sector has suffered the most in these difficult times as most of the companies have shut down operations

india economy gdp unemployment coronavirus rate

Sat May 09 - TOI

Related Articles

China’s exports jumped 7.2% against an estimated 0.2% fall
Business
China’s exports jumped 7.2% against an estimated 0.2% fall

Dollar-denominated exports in China jumped 7.2% year-on-year, economists at Reuters predicted a fall of 0.2%. In July, China posted a trade surplus of $62.33 billion, beating the $42 billion economists had expected. China’s trade surplus was $46.42 billion in June. Despite the coronavirus pandemic hitting global demand, exports from China have held up as exports in medical supplies jumped in the first half of the year

trump china us economy

Fri Aug 07 - CNBC
Bank of England holds interest rate at 0.1%
Business
Bank of England holds interest rate at 0.1%

In an important announcement on Thursday, the Bank of England held interest rates steady and maintained its existing level of asset purchases, as investors watched for signs that it is anticipating a slower economic recovery. The main lending rate was kept at 0.1%, as the central bank cut rates twice from 0.75% since the beginning of the coronavirus pandemic

rates coronavirus interest boe

Thu Aug 06 - CNBC
US posted the worst-ever GDP plunge
Business
US posted the worst-ever GDP plunge

US GDP dropped 32.9% in the second quarter, the worst ever posted in the Q2. Economists surveyed by Dow Jones had been looking for a drop of 34.7% but still, it was the worst drop ever, with the closest previously coming in mid-1921. The report comes amid a recession that began in February and pulled first-quarter growth down 5%. On a quarterly basis, the Q2 decline was 1.8%

us economy markets gdp

Thu Jul 30 - CNBC
China tries to find a new economic partner in South Korea
Business
China tries to find a new economic partner in South Korea

According to the latest media reports, South Korea and China are set to hold bilateral talks on the economy later this week. The talks will be held on Saturday in Qingdao, eastern China, where deputy ministers of the two sides will hold annual economic cooperation talks, South Korea’s Yonhap news agency said. The meeting comes amid escalating China-US trade and security tensions

china us economy markets korea

Thu Jul 30 - AA