Corona effect: In 2020, India's fuel demand will fall by 11.5%

-


New delhi date. 19 September 2020, Saturday

Also read :Emphasis on adopting a wait-and-see policy in equities

Fuel demand in India is expected to fall by 11.5 per cent in 2020, according to global agency Fitch Solutions. Fitch has raised its forecast for declining fuel demand in India as the country's economic outlook worsens.

Also read :Investment through P-notes tops 43 months with Rs 1.02 lakh crore
According to an economist at Fitch Solutions, India's real GDP will shrink by 8.6 per cent in 2020-21. It had earlier projected a 4.5 per cent slowdown in the economy.

"Fuel demand has been broadly affected," Fitch Solutions said in a report released on Saturday. Along with consumer consumption, fuel demand has also declined sharply at the industrial level. Fitch Solutions had earlier projected a 9.4 per cent drop in fuel demand in 2020.

Also read :India's crude import bill is also worried about rising prices

Fitch Solutions estimates that the Indian economy will grow by 5% in 2021 and 2022. He further said that at that time the Corona epidemic would be under control and the economy would show normal economic growth.

In the first quarter of the current financial year, India's total economic growth rate fell to a historic low of 23.9 per cent. The corona virus epidemic does not appear to be stopping and the number of patients is increasing every day, the report said.

Also read :The Sensex jumped 454 points to 58795

Fitch Solutions said the high unemployment rate and the Corona virus have affected consumer spending.

Comments

Post a Comment

Popular posts from this blog

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more