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India may see 0% GDP growth this fiscal year

India may see 0% GDP growth this fiscal year

By Ritu, Capital Sands The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to see 0% expansion in the current fiscal year, analysts at Moody’s said on Friday. The ratings agency said it expected India to see no growth in financial year 2021 and bounce …

Japan’s Abe says impossible to hold Olympics unless pandemic contained

Japan's Abe says impossible to hold Olympics unless pandemic contained

By Ritu, Capital Sands Prime Minister Shinzo Abe said on Wednesday that the Tokyo Olympics could not take place next year unless the coronavirus pandemic is contained, as the city’s governor requested an extension of Japan’s state of emergency. The International Olympic Committee and the Japanese government last month postponed the Games until July 2021 …

South Asian nations weigh tighter lockdowns as coronavirus cases hit 12,000

South Asian nations weigh tighter lockdowns as coronavirus cases hit 12,000

By Ritu, Capital Sands India accounts for more than half the tally of those infected with coronavirus across south Asia, which crossed 12,000 on Friday, government data showed, despite a harsh weeks-long clampdown to control the outbreak. India’s capital of Delhi, and its financial hub of Mumbai, have emerged as hotspots and local officials are …