GDP

Mumbai’s Motilal Oswal Financial Services, in their 'Ecoscope' report on October 5, stated that economic indicators show the GDP will fall by 6-7% in the second quarter. This is lower than the widely expected 11% fall. According to the firm, e-way registrations, power generation, mobility-indices and auto sales have resulted in increased economic activity. The report also suggests a positive trend in economic activities during the upcoming… read-more

Finance Ministry, on September 19 predicted that the GDP will see a rise of 19% by the end of Fiscal Year 2022. K. Subramanian, Chief Economic Advisor to Finance Ministry said, "When you take account of the reforms, all those together will increase productivity in the economy and will help bringing growth." The experts also speculated that rebound might be strong but GDP may be less than the pre-pandemic times.

Thailand has planned to close its National Parks for 2-4 months every year "so that nature can rehabilitate itself". Apparently, the decision came after seeing the recovery of natural habitats during the pandemic-induced lockdown. It will allow beaches to recover from the damage of mass tourism, said Environment Minister. With over 100 national parks, tourism contributes to 1/5th to the Thailand GDP. This, reportedly, took a hit during the… read-more

The Indian economy has contracted by a record 23.9% in April-June quarter of the current fiscal year. This marks the poorest decline of Indian gross domestic products (GDP) in the last 40 year. The figures are attributed to the coronovirus-induced lockdown that had shut businesses and markets since March, crippling the already-slowing economy. Both the manufacturing and service sector have nosedived. However, agriculture was the only sector… read-more