The global economy was already slowing down when Covid-19 struck. As nations across the world went into complete lockdown spanning weeks, their economies came to a grinding halt. Everybody already knew about the impending catastrophe and the year’s second quarter …
Covid-19 impact on global GDP with a special focus on India Read More »
Recently, the Organization for Economic Cooperation and Development released its interim Economic Outlook report, which focused of the impact of coronavirus’ outbreak on the global economy. It stated that the worldwide recovery lost momentum over the summer months due to …
When globalization threw open the gates of world economy, all countries reaped massive benefits. International trade increased driving the global GDP to new heights. The turn of the century witnessed the fastest growth phase of globalization until the 2008-09 economic …
The global travel and tourism industry experienced a consistent growth spurt in the past decade. In 2019, the sector contributed 10.3% to global GDP and surpassed the world’s overall economic GDP growth by 40%. Driving global economic growth, the sector …
Ready to take flight again? The impact of Covid-19 on global tourism Read More »
The Covid-19 pandemic has acted as a shot in the arm of the already growing e-commerce business in india although it has disrupted other industry sectors, Guruprasad Mohapatra, Secretary, Department for Promotion of Industry and Internal Trade, Government of India, …
Covid-19 boosted e-commerce, to grow to $200 billion by 2026: DIPP Secy Mohapatra Read More »
