On account of the negative impact of the second wave of Covid-19, Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial to 9.3 per cent, from the 13.7 per cent projected earlier.
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Moody's cuts India's GDP growth forecast to 9.3 per cent from 13.7 per cent for fiscal 2021.
On account of the negative impact of the second wave of Covid-19, Moody's Investors Service on Tuesday slashed India's growth forecast for the current financial to 9.3 per cent, from the 13.7 per cent projected earlier.
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Moody's cuts India's GDP growth forecast to 9.3 per cent from 13.7 per cent for fiscal 2021
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In the midst of a raging controversy over India's economic growth under the new GDP series, former Chief Economic Adviser Arvind Subramanian has said India is grossly overestimating its GDP growth rate.
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Watch Ex-CEA cuts GDP estimate, says India grossly overestimating its GDP growth rate With HD Quality
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The International Monetary Fund (IMF) has cut its projection for India's economic growth by 0.3 percentage points to 7 per cent for the fiscal year 2019-20 owing to the 'weaker-than-expected outlook' for the domestic demand.
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Watch IMF cuts India's GDP growth forecast to 7% for FY20 With HD Quality
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The world economy is slowing to its weakest pace since the global financial crisis, as the US-China trade war undercuts business confidence and investment, the IMF said Tuesday. WEO said India's growth in 2019 is sharply lower than the 6.8 per cent in 2018 'for idiosyncratic reasons, but is expected to recover in 2020'. The reduction in India's growth projection for this year 'reflects a weaker-than-expected outlook for domestic demand', WEO said. However, India still retains its rank as the world's fastest-growing major economy, tying with China, with a projected growth rate of 6.1 per cent for the current fiscal year.
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India's GDP or gross domestic product grew 5 per cent in the quarter ended June 30, government data showed on Friday, marking the slowest pace of expansion recorded since March 2013. The country's GDP growth was sharply lower than economists' estimates. Economists in a poll by news agency Reuters had expected the GDP growth at 5.7 per cent in the first quarter of the current financial year. #GDPData #EconomyGoneBJPmaun #GDP
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ശമ്പളവും മുടക്കി ജിയോ....
ടെലികോം ജീവനക്കാര്ക്ക് ശമ്പള വര്ധനയില്ല
ജിയോയുടെ വരവോടെ രാജ്യത്തെ ടെലിക്കോം കമ്പനികള് നേരിടുന്ന പ്രതിസന്ധി ജീവനക്കാരിലേക്കും.കടുത്ത സാമ്പത്തിക പ്രതിസന്ധി നേരിടുന്ന രാജ്യത്തെ ടെലികോം കമ്പനികള് ഇത്തവണ ജീവനക്കാര്ക്ക് ശമ്പള വര്ധന നല്കുന്നില്ല. ഇതിനൊപ്പം വാര്ഷിക ബോണസില് 50 ശതമാനം കുറവ് വരുത്താനും കമ്പനികള് തീരുമാനിച്ചിട്ടുണ്ട്. ടെലിക്കോം മേഖലയില് ജോലിചെയ്യുന്ന ഏകദേശം 30 മുതല് 40 ശതമാനം ജീവനക്കാരെ പ്രതികൂലമായി ബാധിക്കുന്നതാണ് ഈ തീരുമാനം. അതേ സമയം ഉന്നത ഉദ്യേഗസ്ഥര്ക്ക് അഞ്ച് മുതല് ഒമ്പത് ശതമാനം വരെ ശമ്പള വര്ധനവ് നല്കാനാണ് കമ്പനികള് തീരുമാനം. 2016ല് കുറഞ്ഞ നിരക്കുകളുമായി ജിയോ രംഗത്തെത്തിയതോടെ മറ്റ് കമ്പനികള് കടുത്ത പ്രതിസന്ധി നേരിടുകയായിരുന്നു.
ഇതാണ് ശമ്പള വര്ധനനവില് നിന്ന് പിന്നോട്ട് പോകാന് കമ്പനികളെ പ്രേരിപ്പിച്ചത്.
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