Live
- 2024 on track to be hottest year on record
- PM Modi’s visit to Solapur: Women applaud ‘Double-Engine’ government’s initiatives
- Nagarkurnool MLA Dr. Kuchukulla Rajesh Reddy Campaigning in Maharashtra Elections
- Wife Kills Husband with Her Lover: Details of Veldanda Murder Case Revealed by SP Gaikwad
- Strict Action on Violations of Food Rights: Telangana Food Commission Chairman Goli Srinivas Reddy
- Smooth Conduct of Group-3 Exams with Strict Security Measures: Collector Badavath Santosh
- Delhi HC orders cancellation of LOC issued against Ashneer Grover, wife
- Shami’s absence a major blow for India in BGT, says Paul Adams
- Will organize protests at borders if attack on minority Hindus in Bangladesh not stopped: Bengal LoP
- Dutch Ambassador Marisa Gerard Meets Telangana CM A. Revanth Reddy in Delhi
India's Q1FY21 GDP might shrink by 25%: ICRA
India's Q1FY21 GDP might shrink by 25%: ICRA
India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday.
New Delhi: India's Q1FY21 GDP is expected to contract by 25 per cent, ratings agency ICRA said on Tuesday.
ICRA pegged the contraction in Indian GDP and the gross value added (GVA) at basic prices in year-on-year (YoY) terms in Q1 FY2021 at around 25 per cent each.
"The economic performance was primarily weighed down by the considerable drag imposed by three key production sub-sectors, namely manufacturing, construction, and trade, hotels, transport, communication and services related to broadcasting," ICRA said.
"These sub-sectors, which together account for a sizeable 45 per cent of the economy, are assessed to have suffered heavily in volume and profitability terms during the lockdown quarter."
