This is why there is sudden increase in unemployement in india

Global economy to be worst hit since Great Depression: Gita Gopinath, Chief Economist, IMF

The coronavirus pandemic is pushing the global economy into its deepest recession in a century, cutting world output by three percent this year, and the crisis could get worse, the International Monetary Fund said Tuesday. The downturn will slash $9 trillion from the world economy, IMF chief economist Gita Gopinath told reporters as she presented the latest forecasts in the World Economic

The Gross Domestic Product (GDP) in India was worth 2800 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of India represents 2.31 percent of the world economy.


GDP$3.202 trillion (nominal; 2020 est.) $11.321 trillion (PPP; 2020 est.)
GDP rank5th (nominal; 2019) 3rd (PPP; 2019)
GDP growth6.1% (2018) 4.2% (2019) 1.9% (2020e) 7.4% (2021e)
GDP per capita
$2,338 (nominal; 2020)

Potentially a big problem especially for 10 stocks in the S&P Total Market Index, including Tesla stock(TSLA), Uber (UBER) and Lyft (LYFT), which analysts say will lose more money than any others in 2019.
All told, these 10 money-losers are expected to lose a staggering $10 billion this calendar year. And investors will need to digest these barrels of red ink as fears of economic slowdown intensify. Third-quarter earnings season, which heats up next week, could draw attention to losses, too. S&P 500 companies are expected to post nearly 4% lower quarterly profit.

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