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Latest Articles in gross domestic product GDP

India To Breach Fiscal Deficit Target In FY22: Fitch Solutions

Central government expenditure is likely to be around the project of Rs 34.8 lakh crore as it looks to maintain its high pandemic-period spending so as to bolster pace of economic recovery.

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Gig Economy Can Support 90 Mn Jobs, Add 1.25 % To GDP: Report

The gig economy could create about one million net new jobs over the next two-three years by aligning near-term incentives of employers and workers

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Is Gold Losing Its Lusture ?

The total demand for gold in India dwindled by 35 percent in 2020 to 446.4 tonnes — lowest in the last 25 years — from 690.4 tonnes in 2019.

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India's April-Jan Fiscal Deficit Hits 66.8% Of Full-Year Target

Net tax receipts were 11.02 trillion rupees, while total expenditure was 25.17 trillion rupees, the data showed.

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India To Be Among Fastest Growing Emerging Economies In FY22, Rating Hinges On Deficit, Debt

India has exceeded its fiscal deficit target of 3.5 per cent in the current fiscal by a wide margin due to higher spendings to stimulate economy amid the pandemic.

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UK Economy Slumps By Record 10% In 2020 After COVID Hit

Britain's economy grew 1.2% in December alone, after a 2.3% fall in output in November when there was a partial lockdown, pointing to greater resilience to COVID restrictions than at the start of the pandemic.

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Indian Rupee Remained Among Better Performing Asian Currencies In 2020: Thakur

Owing to stringent lockdown measures, India was able to significantly contain the death rate from COVID-19. With gradual unlocking of the country, the economy made a significant V-shaped recovery,

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RBI's MPC Starts Deliberations On Monetary Policy

India's economy is likely to rebound with a 11 per cent growth in the next financial year as it makes a 'V-shaped' recovery after witnessing a pandemic-led carnage

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China Likely To Avoid Setting 2021 GDP Target Over Debt Concerns, Sources Say

The government is expected to target inflation around 3% this year, below last year's goal of about 3.5% but above the actual 2.5% rise in consumer prices

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Hong Kong Fourth-Quarter 2020 Unemployment At 16-Year High, Hit By Economic Slowdown

The underemployment rate remained unchanged at 3.4% in the two three-month rolling periods. The number of unemployed rose by about 1,500 people to 245,800 in the three months ended in December.

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Real GDP To Grow At 11pc In FY22: Report

The report said the economy is likely to witness positive growth in H2FY21, though some sectors will continue to record staggered recovery due to social distancing norms.

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Japan's Economy Vaults Back From COVID-Induced Recession, But Outlook Murky

The world's third-largest economy expanded an annualised 21.4% in July-September, beating a median market forecast for an 18.9% gain and marking the first increase in four quarters

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Indonesia Suffers First Recession In Over Two Decades As Coronavirus Hits

Gross domestic product (GDP) shrank by a slightly more than expected 3.49% year-on-year as household consumption fell while investment also dropped in the third quarter, official data showed.

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Hong Kong Recession Shows Sign Of Slowing As China Economy Expands

The economy shrank 3.4% in July-September from a year earlier, its fifth straight quarterly contraction, government advance estimates showed on Friday.

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Singapore Factory Output Surges At Fastest Pace In Nine Years On Pharma Boost

Singapore, whose small and open economy has been hit hard by the COVID-19 pandemic, expects its full-year gross domestic product (GDP) to shrink 5%-7%.

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