Dear Readers,Bharat: On 15th August, 2020, we Bharatwasis celebrated Independence Day with commitment to reinvent Swadeshi through the realization of the Atmanirbhar Bharat campaign so that most of the products and services are produced domestically and the country grows with speed, employing millio...
The world economy is sinking. The American economy has shrunk by a record 32.9% in the April-June 2020 quarter over the same period a year ago. The Euro zone economy contracted by 12.1% during April-June 2020 as compared to the first three months of the year. The region’s largest economies each co...
The lockdown because of coronavirus pandemic has adversely affected all the major sectors of the country. However, hospitality and tourism happen to be one of the worst hit sectors because of the lockdown. In 2018, travel and tourism contributed 9.2% in India’s GDP and generated 26.7 m...
It was a nightmare for India’s nearly $200 billion IT industry to shift into the work from home model overnight when the lockdown because of Covid-19 was imposed in the month of March. However, at present, with the unlocking phases going on, the sector is in no rush to return to the workplace.Cond...
Industrial output for June was published recently and it has been the fourth consecutive month showing an overall decline. According to data released by the central government - seven out of the eight core sector industries, namely, coal, crude oil, natural gas, refinery products, steel, cement and ...
The Indian economy has been going through a recession during the Covid-19 phase. However, the case of the Indian economy stands out. The economy was slowing down for about two years preceding the pandemic.Economic growth came down to 3.9% in the fourth quarter of the last fiscal, which was the lowes...
The Indian Ministry of Home Affairs has given the state governments permission to implement localised lockdowns in Unlock 3.0. However, this has not helped to lift the uncertainty that has been prevailing over the road transport sector. In most of the states, partial road transportation is now being...
The Federation of Indian Chambers of Commerce & Industry (FICCI) published an advisory titled ‘Recommendations Unlock 3.0’ in July, 2020 suggesting areas that need immediate attention for relaxations to revive soon.The federation mentioned a series of safety measures the sectors should follo...
The Covid-19 pandemic has been hard on the Indian economy. A prolonged period of subdued demand, low production, de-growth and uncertainty has impacted most of the sectors in the Indian economy. Real estate and infrastructure have been no exceptions. The current quarter (Q2 of the 2020-21 fiscal) is...