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LONDON, Aug 23 — The British economy shrank by 11 per cent in 2020, its sharpest contraction in more than 300 years, as a result of the coronavirus pandemic, revised data by the...
Top Story February 13, 2021 ISLAMABAD: Planning Minister Asad Umar on Friday said the country’s large scale industry is showing “sustained strong growth” and shared that it increased by 11.4 per cent in December 2020 as compared to same month of the preceding year. “Another double digit growth month for Large Scale Manufacturing in December,” he said in a tweet, adding that large scale production increased by 11.4 per cent in December 2020 as compared to December 2019. On average, the LSM production posted a growth of 8 per cent during July-December (2020-21). “Industrial sector ...
Business January 30, 2021 New Delhi: India on Friday forecast its pandemic-stricken economy would grow by 11 percent in the 2021-22 financial year, after contracting by 7.7 percent this year. The prediction, by the government´s annual economic survey, backs an International Monetary Fund forecast that India will grow 11.5 percent in the next financial year. The survey, released ahead of the government announcing its annual spending plans on Monday, said there would be a "V-shaped" recovery after the biggest economic decline in more than four decades. "After experiencing a sharp contraction ...