News behind the News - NbN 07 June 2021
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EXPERT ANALYSES: ECONOMY HAS BEEN STEADILY WORSENING RBI MONETARY POLICY STATE OF THE ECONOMY - Economy likely accelerated in Jan-Mar - Economy to grow 9.3 pc in FY22, 2nd COVID wave raises risks to credit profile: Moody's - FY21 fiscal deficit at 9.3% of GDP - 1 crore jobless; 97% households’ incomes declined: CMIE INDUSTRY - Business Confidence Index falls: FICCI - Manufacturing PMI lowest in 10 months - Services sector shrinks - Consumer goods’ sales crash TRADE - Exports rise to $32.21 billion; trade deficit at $6.32 billion MARKETS - Sensex holds 52,000
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