GDP

Maldives is working to expand its fisheries and agriculture sectors, according to President Ibrahim Mohamed Solih.

India’s micro, small and medium businesses contribute about 30% to the nominal GDP and the sector is the second-largest employer, according to the RBI.

First-time claims for unemployment insurance fell to 730,000 last week, well below the expected 845,000.

Last year, India slipped into a technical recession due to the economic fallout from a lengthy lockdown to slow the spread of the coronavirus outbreak.

The U.K. economy experienced its largest contraction since records began in 2020, as the coronavirus pandemic ravaged Britain’s economic activity.

Finance Minister Nirmala Sitharaman said in her budget speech the government will have a disinvestment target of 1.75 trillion rupees (about $24 billion).

Last year, India slipped into a technical recession due to the economic fallout from a lengthy lockdown to slow the spread of the coronavirus outbreak.

While China is expected to show “spectacular” GDP numbers in the first quarter this year, there are two big challenges Beijing would need to tackle.

India’s budget will allocate 350 billion rupees for Covid-19 vaccines and the government is committed to providing further funds if required.

Growth prospects for the Indian economy remains fragile after it slipped into a technical recession last year.

Implementation of a nationwide mask mandate, combined with complementary public health measures, could reduce the coronavirus’ spread to essentially zero and have a potential $1 trillion impact on the U.S. GDP, according to UCLA Fielding School of Public Health researchers.

Job creation can help alleviate inequality, but inequality was a problem even when unemployment was low before Covid, said ANZ Bank’s Richard Yetsenga.

The Reserve Bank of India has kept interest rates unchanged since May.

Singapore’s economy contracted by 5.8% year over year in 2020, better than official forecast for an annual contraction of between 6% and 6.5%.

Economists have been worried that the aggressive virus spread will exact an especially large toll on the services sector.

Farmers, mostly from the northern states of Punjab and Haryana, have been protesting against three farm reforms that were enacted into law this year.

Tens of thousands of farmers, mostly from northern states like Punjab and Haryana, have taken to the streets in protest against farm reforms.

India’s nonfinancial companies would see their earnings grow as demand starts to recover, following a sharp drop over the last two quarters, Moody’s said.

Economists in a Reuters poll predicted that India’s economy shrank 8.8% in the September quarter.

Wall Street had been expecting a positive first quarter and improving growth next year.