Best of BS Opinion: Prospects of Indian companies, economic policy and more

Here is the best of Business Standard's opinion pieces for Thursday

A series of adverse global developments have led to a deterioration of prospects for Indian companies. The rising energy import bill, and widespread supply-chain issues will lead to new upward pressures on the already-high inflationary trends. This is the sort of environment where shocks like sovereign defaults in Russia or real estate defaults in China might trigger panic. Investors would be well-advised to exercise caution about equity exposures under such circumstances, notes our lead editorial. Read here

In other views:

Dharmakirti Joshi and Adhish Verma of Crisil note that investment revival is cornered on many sides and government heavy-lifting remains the only real chance for a breakout in 2022-23. Read here

In my column, I argue why it's time to widen the economic policy focus. Read here

QUOTE OF THE DAY

“Our announced transaction with Axis, a leader in Indian financial services, represents an important milestone for our franchise and offers an excellent opportunity to our consumer banking colleagues in India.”

 Citi Asia Pacific CEO Peter Babej