Over 260 Airports Face Increasing Threat from Sea Level Rise
The Indian stock market witnessed a freefall on Wednesday afternoon, with the BSE Sensex losing over 1,000 points in the afternoon. Around 2.45 p.m., Sensex was at 47,310.81, lower by 1,036.78 or 2.14 per cent from its previous close. The Nifty50 also fell below the psychological 14,000-mark. It was trading at 13,944.25, lower by 294.65 points or 2.07 per cent from its previous close.
The closure saw all benchmark indices in the red for the fourth consecutive session as the selling pressure mounted in the bank, auto, metal and pharma stocks. At close, the Sensex was down 937.66 points or 1.94% at 47,409.93, and the Nifty was down 271.40 points or 1.91% at 13,967.50.
India s 2020 GDP contraction estimated at 9.6%
India s 2020 GDP contraction estimated at 9.6%
Last Updated: Wed, Jan 27th, 2021, 09:42:47hrs
New Delhi: India s economy is estimated to have contracted by 9.6 per cent in 2020 due to the coronavirus pandemic.
Noting that the COVID-19 crisis has wreaked havoc on labour markets in the developing world, the World Economic Situation and Prospects 2021, said that by mid-2020, unemployment rates had escalated to a record high 23 per cent in India.
It said that the pandemic has disproportionately affected labour-intensive service sectors in both developed and developing countries. Commercial air travel, tourism, catering, leisure, personal care and retail industries, manufacturing, trade and transportation, which typically employ large numbers of low-skilled workers, faced the largest job losses.
United Nations, January 26
India's economy is projected to grow at 7.3 per cent in 2021, even as it is estimated to contract by 9.6 per cent in 2020 as lockdowns and other efforts to control the COVI
The World Economic Situation and Prospects 2021, produced by the United Nations Department of Economic and Social Affairs (UN DESA), said the world economy was hit by a once-in-a-century crisis — a Great Disruption unleashed by the COVID-19 pandemic in 2020.