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India Ratings cuts economic growth forecast for India to 3.6 per cent

India Ratings cuts economic growth forecast for India to 3.6 per cent

MUMBAI: Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid coronavirus-related worries. It has assumed that a full or partial lockdown will continue till end of April and economic activities will be gradually restored only after May.

The report comes amid a crippling impact on economic activity due to the three-week lockdown till April 14 which is expected to only aggravate the difficulties around growth that were existing before the pandemic. Some watchers are also estimating for a contraction of the economy in the June quarter.

Ind-Ra said it expects

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India Ratings cuts economic growth forecast for India to 3.6 per cent

MUMBAI: Domestic credit rating agency India Ratings (Ind-Ra) on Monday cut its FY21 growth forecast to 3.6 per cent amid coronavirus-related worries. It has assumed that a full or partial lockdown will continue till end of April and economic activities will be...

Kerala news: Kerala CM’s decision to provide alcohol on doctor’s prescription faces criticism from IMA

Kerala government's move to provide alcohol on a doctor's prescription for countering withdrawal symptoms has been criticised by the state chapter of the Indian Medical Association (IMA). "Scientific treatment should be given to those who have alcohol withdrawal...

HCL Technologies: HCL says Covid impact not ‘significant’; bookings on track

New Delhi: Country's third largest software services firm HCL Technologies has said that it does not expect the impact of the CoronaVirus pandemic to be "significant" even as the impact on this quarter’s numbers is yet to be quantified, the Noida-headquartered firm...