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Economic recovery after Covid-19 shock make Samvat 2077 shimmer with hope

Improved economic performance, better corporate earnings, and a likely global economic recovery could be the comforting factors for the markets in Samvat 2077

Madan Sabnavis, chief economist, CARE Ratings (Photo: PHOTO CREDIT: Kamlesh Pednekar)
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Madan Sabnavis, chief economist, CARE Ratings (Photo: PHOTO CREDIT: Kamlesh Pednekar)

Madan Sabnavis
Diwali comes just at the time when the unlock process is probably mid-way through and there is a smell of optimism around as the high frequency economic indicators point upward. The positive thing one can say as we begin Samvat 2077 is that things will look only positive starting now with the only caveat being that we have a normal monsoon next season. It is reasonable to assume that even if there is another wave of the pandemic the response of the government will not be a lockdown. This is the good news.

Most estimates for gross domestic product (GDP)

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First Published: Nov 13 2020 | 7:41 AM IST

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