Barclays cuts FY 2021-22 growth forecast for India by 80 bps to 9.2%
Barclays cut its full-year 2021-22 economic growth forecast for India by 80 basis points to 9.2%. The toll from stringent lockdowns imposed to curb rising COVID-19 infections appeared to be bigger than its earlier expectation. The devastating second wave of coronavirus infections has forced nearly two-thirds of the country to introduce tough curbs. This slows […]
Exclusive Foxconn’s iPhone output in India down amid covid surge
The production of the Apple iPhone 12 at the Foxconn factory in India has slumped by more than 50%. This is because the woorkers got infected with covid and left heir posts. The Foxconn facility in the southern state of Tamil Nadu produces iPhones specifically for India. Tamil Nadu is facing one of the worst hits in […]