Tag Archives: Economic slowdown

Coal India’s Annual Output Falls For First Time In Two Decades

Coal India

Electricity usage fell at steepest pace in over a decade in October, reducing demand for the fuel. Chennai: Coal India’s annual production fell for the first time since 1998/99 as the heaviest rainfall in 25 years battered coal mining regions and a broad economic slowdown stifled demand for the fuel. The …

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Government Begins Fiscal Year Under Severe Strain Amid Biggest Lockdown

World Economy Powering Down Daily Makes Recession More Likely

India kicks off its fiscal year with revenues under severe strain. A prolonged slowdown in the economy depressed tax collections in the financial year that ended Tuesday, latest official data show. As India now conducts the world’s biggest lockdown, budget pressures are set to worsen. Finance Minister Nirmala Sitharaman has …

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fitch cuts india gdp growth forecast to 4.9 percent for fy20 on domestic demand coronavirus outbreak

Fitch Cuts India

Fitch Ratings cut its forecast for India’s economic growth to 4.9 per cent for 2019-20 Fitch Ratings on Monday cut its forecast for India’s economic growth to 4.9 per cent in the current fiscal on weak domestic demand and supply chain disruptions due to the coronavirus outbreak. The GDP growth …

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