In Q4, manufacturing contracted by 1.4 percent as against 0.8 percent contraction in the preceding quarter while construction contracted at 2.2 percent against zero growth in Q3. The positives were agriculture, mining and electricity which grew by 5.9 percent (3.6 percent growth in Q3), 5.2 percent (2.2 percent in Q3) and 4.5 percent (a contraction of 0.7 percent in Q3) respectively. These are the segments that helped the Q3 numbers look better. The forecasts for the quarter were ranging in between 1.2 percent to 3.6 percent. … [Read more...] about Decoding GDP data: India’s economy suffered a double whammy last fiscal and the worst is yet to come
New economy project
The Coronavirus or Covid-19 pandemic has brought the world to a standstill, at least a major part of it, if not all. With countries religiously following lockdown for months, this stagnant period has shut down many small businesses and caused almost irreparable financial damage from which the citizens and economies are trying to limp back to normalcy. As workplace and businesses, both online and offline, start to open slowly, and in a staggered manner, many are worried about their safety at the workplace. Also, the question about how this would help the economy return to a strong position looms large. Work from home: Good or bad? It is heartwarming to see how organisations across the world are trying to find their own solutions to this never-before-encountered situation. Some organisations, like the micro-blogging site Twitter, were in favour of work from home and Twitter recently announced that its employees can work from home even after social-distancing norms are eased-up. However, … [Read more...] about Can a 4-day working week be the answer to revive the failing economy and strike work-life balance?
These positive statements stand in stark contrast to the dire warnings of the Remain campaign’s Project Fear in the run-up to the EU referendum in June 2016, which claimed that a vote to Leave alone would precipitate hundreds of thousands of job losses, with the axe falling on the car industry particularly hard. … [Read more...] about Brexit Boom: British Car Industry to Create 320,000 New Jobs by 2030
Millions of South Koreans flocked to polling stations Wednesday for national parliamentary elections considered a referendum for President Moon Jae-in, who enters the final years of his term grappling with the historic public health crisis. Long, snaking lines appeared to defy expectations of a low turnout, and poll workers checked temperatures and whisked away people exhibiting fever or arriving without masks to separate areas to vote. … [Read more...] about States map out reopening of economies, say crisis not over
China has emerged as the central player in global supply chains over the past two decades. As the COVID-19 pandemic impacts the world economy, voices have risen calling for diversifying supply chains away from China, while experts and entrepreneurs admit China's irreplaceable role with its big advantages in manufacturing and logistics. … [Read more...] about Xinhua Headlines: China bolsters world economy by stabilizing supply chains, expanding B&R cooperation