New Delhi, Dec 17 | India’s FY21 GDP is expected to contract at 7.8 per cent, said ratings agency ICRA on Thursday.
According to the agency, in Q3FY21, rising raw material and wage costs would partly counteract the positive impact of a modest rise in volumes in the industrial sector.
Consequently, with a steady performance of the agricultural sector and a lagged recovery in the contact-intensive parts of the services sector, ICRA forecasts a small contraction of 1 per cent in the India’s GDP in Q3FY21.
Besides, ICRA pointed out improving economic fundamentals, a bright outlook for rabi season, and visibility of vaccine availability are expected to strengthen demand.
Furthermore, an expected revival in exports and a rise in government spending would contribute to a mild 1.3 per cent growth in Q4 FY2021, ending the recession gripping the Indian economy.
“The recovery under way in the Indian economy in Q3 FY2021 is fragile, and appears prone to risks related to rising costs, as well as a re-appearance of supply-side disruptions in some states,” said Aditi Nayar, Principal Economist, ICRA.
“We forecast a continued, albeit mild contraction in the Indian GDP of 1 per cent in Q3 FY2021. However, healthy procurement and a favourable outlook for the rabi season, as well as greater visibility of an approaching Covid-19 vaccine rollout, will strengthen demand and economic activity in Q4 FY2021. The technical recession is likely to end in that quarter, with a muted 1.3 per cent growth benefitting from a real recovery as well as the low base effect. This is expected to limit the contraction in Indian GDP in real terms to 7.8 per cent in FY2021.”
Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.
Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.
In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –
Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.
It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.
- Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
- Digital Marketer/ E-Marketer-
Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.
Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.
These are some of the best ways to get started, according to Manthan, all
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