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    Friday, May 29, 2020

    Lockdown, Day 66: Economy takes a deep dive

    CORONAVIRUS UPDATES

    29 May, 2020 | 06:24 PM IST


    Lockdown, Day 66: Economy takes a deep dive

    India's GDP slowed to 3.1 per cent in Q4 of FY20 as against 4.7 per cent in Q3. This is the lowest growth rate in 8 years so far in the current series. However, India reported a better than expected growth rate of 4.2% in FY20.

    Add to this, the 2-month long lockdown has led to a 38 per cent contraction in core sector output for April . The data measures the productivity of 8 core industries which account for 40 per cent of India's index of industrial production.

    Track this space for latest updates...



    COUNT SO FAR
      Rajasthan reports 91 new cases, tally rises to 8,158
      Odisha reports 63 new cases; total rises to 1,723
      Himachal Pradesh logs 291 cases
      30 new cases in Assam, total count 910
      Manipur case count stands at 58
      Delhi reports 1106 new cases, tally reaches 17,386
      Karnataka registers 178 new cases, tally at 2,711
      Uttarakhand reports 102 new cases, total at 602
      Andhra count rises to 2,874 with 33 new cases
      Puducherry case count stands at 35
      Nagaland reports 7 new cases, total rises to 25

    World India
    Tally Toll Tally Toll
    5,803,416 359,791 165,799 4,704



    LIFE UNDER LOCKDOWN
      Travel resumption Day 4: 494 domestic flights, 38,078 passengers
      Quarantine must for rail passengers with symptoms in MP
      Two floors of Parliament sealed after official tests positive
      Decision to open shops in malls soon
      ITC Hotels partners with Swiggy to offer dining options to customers


    BUSINESS AND ECONOMY
      Sensex takes winning run to 3rd day, rises 224 points
      Rupee settles 14 paise higher at 75.62 against US dollar
      Home Credit India lays off 1800 employees
      Motilal Oswal announces bonuses and promotions amid outbreak
      Indian IT eyes captives as global cos rejig operations
      Farm wages doubled in many agricultural districts
      Economy needs support from PSBs: Union Bank

    GLOBAL ECONOMY
      Renault announces nearly 15,000 job losses worldwide
      Volkswagen invests 2 bn euros in Chinese EV sector
      COVID-19 could cause USD 8.5 trillion loss in global output: UN Sec Gen
      British lender Nationwide reports 44% profit slump
      Japan backs nearly a third of $6.6 billion loans to Nissan
      Finland in recession after Q1 GDP shrinks 0.9% Q/Q
      Italy Q1 GDP sharply revised down to -5.3% q/q


    AROUND THE WORLD
      US death toll at 101,573, cases at 1,720,613
      Thailand reports 11 new cases, total stands at 3,076
      Germany's confirmed cases rise by 741 to 180,458
      Cases in Pakistan cross 64,000-mark, death toll hits 1,317
      Singapore cases reach 33,860
      Russia has highest daily spike of 232 deaths
      Indonesia reports 678 new cases, 24 deaths

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    Do you think India messed up the lockdown? Tell us here


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