Showing posts with the label economic recession

50 Years of Economic Growth - GDP India

 50 Years of Economic Growth - GDP India  The Country's GDP was 0.4 Percent in the Third quarter of the current fiscal year 2020-21. This is the first time that the positive growth has been reported Since the Covid-19 (Coronavirus) Lock down in India. The Economic growth fell by -24.4 Percent in the first quarter and -7.3 Percent in the Second quarter of this year. It was also said to be the biggest slump and fall Since 2013. Economic growth in October - December 2020 was 0.4 Percent, driven by the Economic Stimulus and Temporary High Consumption. However the country's GDP as a whole year will end in the Negative Territory. The Retail Inflation - Consumer price index(CPI) was as low as 4.06 Percent in January 2021, despite rising prices in the aftermath of the Corona Curfew. This is the lowest level seen in the last 15 months. India's Retail inflation averaged 6-8 Percent. It is noteworthy that the short term target of the Central Bank (RBI) on CPI Retail Inflation is said