India’s GDP is likely to grow 2 per cent for the full financial year

Published On: Wednesday, May 6, 2020 | By: Team KnowMyStock

"India’s gross domestic product (GDP) will contract in the first quarter, but is likely to grow 2% for the full financial year and that a stimulus is expected “soon,” said Chief economic adviser KV Subramanian. But he cautioned against demands for government support similar to that provided by other nations as the cost would be too high. Comparisons with stimulus packages in other countries were invalid, he said. He drew parallels with the Spanish flu pandemic of 1918, suggesting a sharp revival. “From an epidemiological perspective and from the magnitude of the pandemic, the Spanish flu is a reasonable proxy to use and because there was a V-shaped recovery, I think it is reasonable to say that we can expect the same,” Subramanian said.

Source: economictimes.indiatimes.com

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Follow Us On: