Economic Recovery
Recent Highlights
All Stories for Economic Recovery
Indian economy in recovery mode from COVID-19 crisis, says World Bank president David Malpass
•Malpass also said that India, which faces huge challenges of integrating more people into the formal sector economy and raising the earnings of the people, has made some progress but that's not enough.
Overall debt of states to hit Rs 71.4 lakh crore in FY22, says rating agency Crisil
•The debt-to-GSDP ratio had risen to a decadal high of 34 percent last fiscal after the first COVID wave caught everyone by complete surprise
World Tourism Day: Restoring travel and tourism key to jumpstarting global economic recovery from COVID-19 crisis
Fp Staff •World Tourism Day is celebrated on September 27 every year since 1980 and UNWTO promotes responsible, sustainable, and universally accessible tourism, stimulating economic growth
Uneven COVID-19 vaccine distribution may hamper economic recovery in developing nations: IMF
•IMF chief economist Gita Gopinath flagged the "widening gap" as advanced economies grow faster and developing nations, especially in Asia, slow.
Heads of four global organisations appeal to world leaders for COVID-19 vaccine equality
•WHO, World Bank, IMF, and WTO blamed gaps in vaccination programs for the emergence of virus variants that fuelled fresh outbreaks in developing countries.
India's economic recovery losing steam, GDP growth may be under 9% in 2022 due to 2nd COVID wave: Survey
•At least 80 percent of the respondents expect consumer demand for non-essential items as well as investment to be severely impacted due to COVID, the survey conducted by Care Ratings said
World missing once-in-a-generation chance of sustainable post-pandemic recovery: UN
•Emissions need to fall nearly seven percent this decade to keep within the Paris climate deal's temperature goals.
Amazon, Apple, Facebook, other big tech bounce back sooner, stronger than the economy
•Amazon reported record sales, and nearly 200% rise in profits, as the pandemic accelerated the transition to online shopping.
Govt may need to pump $20 bn into coronavirus-hit state banks; soured assets likely to double: Report
•The government has already pumped in Rs 3.5 lakh crore to shore up state-owned banks in the last five years.
Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers
Fp Staff •Stock Market Latest Updates: Sensex rises over 100 points, Nifty at 9,106; ITC, Asian Paints, Maruti among top gainers