Indian stocks plunged Monday, with the Sensex dropping 5.2% (3,940 points) as global markets reeled from new U.S. tariffs and recession worries. Read more at Dynamite News.
Global markets plunge as US tariffs spark trade war fears, hitting IT/pharma stocks; India shows resilience despite recession risks.
India’s economy returned to growth in the three months to December and the recovery is expected to gather pace as consumers and investors shake off the effects of the coronavirus pandemic, economists said.
International Monetary Fund chief Kristalina Georgieva said that the global economy is now in a recession due to coronavirus.
Finance Minister Nirmala Sitharman on Wednesday said the Indian economy may have slowed down but there is no threat of a recession.
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