government Tag

Daily Market Analysis – 1st June 2021 (GDP)

India’s GDP grows 1.6% in fourth quarter, contracts 7.3% in FY 20-21 Amid the coronavirus pandemic, India’s gross domestic product (GDP) grew at 1.6% in the January-March quarter of fiscal year 2020-21, but witnessed a contraction of 7.3 per cent for the entire fiscal year. This is the first full-year contraction in the Indian economy in the last four decades since 1979-80,...

Daily Market Analysis – 26th Feb 2021

1. Petrol Diesel Price Rise India is the World’s Third- largest oil market and depends heavily on crude oil. India consumes nearly 211.6 million tonnes of oil every year.  India does not have enough reserves. India depends on imports with some of the blame on the Organisation of petroleum exporting countries, and they have cut supplies but the demand is rising.  Owing to this,...