ECONOMIC UPDATE

• Exports of India have fallen by 8.4% in November 2020

 

• The government took the loan of $1 Billion for supporting the rural infrastructure and Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS)

 

• Mutual Funds have withdrawn over 28,000 Crore from January to November from the equity markets.

 

• Indian automobile industry, being the fourth largest automobile industry in the world is expected to replace Japan as the third largest automobile market by 2021 with the current growth rate of 4.9 %

 

• IT industry of India has grown at the rate of 10% in FY 2019-20