IMF predicts 11.5% growth rate for India in 2021
International monetary fund predicts a whopping 11.5% growth rate for India for 2021!
India and China the only countries with positive FDI Growth in CY 2020
India and China are the only two countries who have seen positive FDI Growth in CY 2020
Jefferies economic recovery tracker for India is back at 97% of the pre-Covid level
Some good news Jefferies economic recovery tracker for #India is back at 97% of the pre-Covid level. The worst seems to be over
Increased Tax collection to car sales indicate economic pickup
Increased Tax collection to car sales indicate economic pickup GST mop-up at 7-month high Automobile manufacturers showed significant signs of recovery as they dispatched 13 per cent more vehicles to dealers in September as compared to the same period last year Manufacturing PMI grows fastest in 8 years Railways back on track, stems fall in freight traffic to 9% UPI hits Rs 3.3-trn transactions in Sept
India jumps 4 ranks to 48th position in Global Innovation Index 2020
Global Innovation Index 2020 is out India jump by 4 ranks to 48 now. Here is India’s steady climb…2020 (48)2019 (52)2018 (57)2017 (60)2016.(66)2015.(81) Source: https://www.wipo.int/pressroom/en/articles/2020/article_0017.html
Q1FY21 Indian Economy contracts by 23.9%
Q1FY21 #Economy GDP at constant prices: ₹26.90 lkh cr vs. ₹35.35 lkh cr (YoY), a contraction of 23.9% vs. 5.2% growth (YoY). GVA at constant prices: ₹25.53 lkh cr vs. ₹33.08 lkh cr (YoY), a contraction of 22.8%. These numbers to undergo revision in next release - 27th Nov.