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india gdp growth: GDP contracts 7.3% in FY21 as Q4 sees 1.6% growth; focus shifts to second wave's impact on Q1

Synopsis Gross Value Added (GVA), which is a more accurate way of assessing the actual growth in the economy, contracted by 6.2% for the entire year. Indias GDP grows 1.6% in Q4, annual contraction of 7.3% in FY 20-21 India recorded a 1.6% growth in fourth quarter of 2020-21 fiscal indicating that an economic recovery was well underway before the second wave of the virus struck. The economy contracted by 7.3% for the entire year, better than what the second advance estimates had predicted. The ...
Value Added India Gdp Growth Economic Activity Gdp Growth Local Lockdowns Private Consumption

Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second wave

›Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second wave Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second wave SECTIONS Core sector output growth at 56% in April on low-base effect, sequential decline at 15% due to second waveET Online Last Updated: May 31, 2021, 05:14 PM IST Share Synopsis The April figures have been high largely due to the base effect but may have been tempered by the imp...
Economic Recovery Local Lockdowns Finance Ministry Core Sector Industrial Output பொருளாதார மீட்பு

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india unemployment rate: Unemployment rate could touch double-digit mark in May: CMIE

“We still have a week to go before the month closes. May 2021 will end with a double-digit unemployment rate, falling employment rate and substantial loss of employment,” CMIE said in its weekly analysis.
Centre For Monitoring Indian Economy Monitoring Indian Economy India Unemployment Rate Local Lockdowns Unemployment Rate மையம் க்கு கண்காணிப்பு இந்தியன் பொருளாதாரம்

Minister apologises after Government backtracks on 'stealth lockdowns'

A Cabinet minister has apologised to people whose plans were disrupted by controversial guidance issued for eight Indian Covid-19 variant hotspots in England including the the London borough of Hounslow. Transport Secretary Grant Shapps admitted shortcomings in the communications of the new advice which was last night watered down. Asked on BBC Radio 4’s Today programme about a group which had cancelled a sailing event in Bolton in the light of guidance on avoiding travel in and out of ...
Grant Shapps Local Authorities Local Lockdowns Cabinet Minister Affected Areas Mr Shapps
Source: yahoo.com

Farce as Government's plan for new local lockdowns unravels

Ministers have been forced into retreat over “local lockdowns” after councils threatened to defy the rules. The Government on Tuesday night changed its advice to tackle outbreaks of the Indian variant of Covid within less than 24 hours of a row erupting over the policy, which critics said had descended into “farce”. The original guidance urged 1.7 million people in eight parts of England to restrict their travel in and out of their area and to socialise outdoors inste...
Local Lockdowns Local Health The Government Ocal Health Leaders Dominic Cummings Local Party
Source: yahoo.com

Government under fire for 'lockdown by stealth' [Video]

Patrick Daly 25 May 2021, 2:46 pm Ministers have been accused of bringing in “local lockdowns by stealth” after quietly slipping out guidance urging people in Indian variant hotspot areas to restrict their socialising and travel. Labour shadow health secretary Jonathan Ashworth called on the Government to withdraw the new advice for eight areas in England, where it is being recommended that people do not meet indoors and that travelling in and out of the localities should be avoided. (PA Gr...
City Of United Kingdom Borough Of Bedford Blackburn With Darwen London Borough Of Hounslow Matt Hancock
Source: aol.co.uk

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