School Closures To Cost More To India Among All South Asian Nations: World Bank
A report by the World Bank, titled, ‘Beaten Or broken: Informality and Covid-19‘, has warned that prolonged closure of schools in Covid-19 pandemic may lead to loss of $420-$600 billion to India. While 5.5 million students will drop out across South Asia, India will be affected majorly. The study also mentioned that despite government’s effort, failed remote learning programs not only halts the learning process but leads to children… read-more
Tags: World Bank, Education, Covid-19, South Asia, INDIS'S GDP
Courtesy: The Hindu
SBI Report Indicates GDP Contraction by 16.5% in April-June Quarter
State Bank of India's research report Ecowrap on August 17 indicated that the country's economic growth is likely to contract by 16.5% in June quarter. The report stated around 1,000 listed companies have announced their results so far, which showed that revenues and profits have plunged more than 25% and 55% respectively. The report also opined that, albeit rural economy shows recovery, it may not support GDP as a whole.
Tags: INDIS'S GDP, SBI, FISCAL YEAR, REVENUE DECLINE, RURAL RECOVERY
Courtesy: NDTV