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Company incorporations dip 27% sequentially in April as business sentiment sours amid second wave

“Business sentiment remained weak and is going to fall further in the first quarter of FY22. The six major cities of New Delhi, Mumbai, Pune, Bengaluru, Chennai and Kolkata are very badly affected,” said Bornali Bhandari, a senior fellow at the National Council of Applied Economic Research.

Los márgenes de las exportaciones y la recuperación económica

Los márgenes de las exportaciones y la recuperación económica
diariovasco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from diariovasco.com Daily Mail and Mail on Sunday newspapers.

JobKeeper expiry unlikely to spike unemployment

MacroBusiness Access Subscriber Only Content at 1:20 pm on May 3, 2021 | 4 comments New government figures show that more than 90,000 people have come off welfare benefits since JobKeeper ended in late-March. The stronger than expected recovery also means that the federal government now expects the final cost of the JobKeeper scheme to be about $88.8 billion, down from the October 2020 Budget’s forecast of $101.3 billion: Josh Frydenberg said the figures in which at least 30,000 ­people came off welfare benefits in the week ending April 30 on top of 63,000 in the first weeks of the month… The Treasurer said on Sunday that while 93,000 people were off benefits and job advertisements were at record highs, there was still work to do to secure the post-COVID recovery.

COVID restrictions imposed in states: Economists say FY22 GDP may take 0 2-1% hit

Synopsis To be sure, the economy will still show a sharp rebound in the first quarter and the full FY22 financial year because of the low base due to the nationwide lockdown last year, but a return to pre-pandemic levels will take longer because of the latest disruptions, experts said. Agencies HDFC Bank is likely to revise its FY22 growth projection to 10% from 11% currently and its first-quarter forecast to 18-20% from 23% projected earlier. The curbs announced by Maharashtra and Madhya Pradesh along with restrictions imposed in other states will dent India’s gross domestic product (GDP) by 0.2-1 percentage point, according to an ET poll of economists.

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