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Monday, June 1, 2020

Budget target breach signals more blowout this year

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THE ECONOMIC TIMESDaily Newsletter
Mon, Jun 01, 2020 | 05:21 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
India's budget target breach signals further blowout this year India's budget target breach signals further blowout this year
The deterioration in government's finances follows a protracted period of economic slowdown that hurt revenue collect...
Cabinet Decisions: Turnover limits for MSMEs raised, Kisan Credit card for farmers
India's May jobless rate at 23.48%, says private think-tank CMIE
Manufacturing activity shrinks again in May, PMI at 30.8
Auto industry capex falls by a staggering Rs 26,000 crore in FY20
Petrol sales down 36.5%, diesel down 31% in May; improves from April
No Dabur, Nestle at CAPF canteens in swadeshi push
Hyundai sales decline 79 per cent in May
Debate This
India should forget catching up with China in growth. Agree?
The GDP numbers for both Q4 and full-year FY20 are out. Although Q4 saved India the blushes by beating most forecasts, it could not save FY20 from becoming the worst year in eight. Considering the fact that the lockdown affected only seven days of Q4, the omens appear even more awful for Q1 of FY21, the better part of which has already gone to waste. So, bye bye, double-digit growth dream?

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