On Thursday the World Bank said that it is expected of India’s GDP to contract by 9.6% this fiscal. The drop is said to be a showcase of nationwide lockdown and income shrinkage experienced in India due to Covi-19. This puts India’s economic condition the worst ever experienced. South Asia Economic Focus report was released ...

On Friday, the Reserve Bank of India (RBI) announced cut in key interest rates by 40 basis points, to a new all-time low. This decision came unexpectedly as RBI is citing negative GDP growth in the current fiscal period. This is a double blow to the economy as the effect on low production and demand ...