Tag

Indian Economy

Browsing

In the July-September quarter of this fiscal, the Indian economy contracted 7.5 per cent, official data showed on Friday. According to data released by the National Statistical Office (NSO), the gross domestic product (GDP) had expanded by 4.4 per cent in the corresponding July-September period of 2019-20. The economy had shrunk by an unprecedented 23.9 per cent in the first quarter of this fiscal due to the coronavirus pandemic and resultant lockdowns. Meanwhile, China’s economy…

By not joining the China-led 15-country Regional Comprehensive Economic Partnership (RCEP), India has committed a “strategic blunder” and “missed the bus” to long-term growth, Chinese media reported. The RCEP was signed on Sunday at an online ceremony hosted by this year’s ASEAN chair, Vietnam. The 15 countries that signed the deal span the Asia-Pacific region including China, Japan, South Korea, Australia and New Zealand, along with the 10 members of the Association of Southeast Asian…