S&P Global Ratings has reiterated that the Indian economy will contract by 5 per cent in the current fiscal year. The rating agency highlighted reasons such as difficulties in containing the virus and other underlying vulnerabilities, especially in the financial sector, which would affect economic activity. However, tension with China has added another dimension. Any attempt to contain imports from China will only increase uncertainty. Here’s a selection of Business Standard Opinion pieces for the day.
Manmohan Singh’s fond hope of avoiding conflict over territory by “making borders irrelevant” is increasingly difficult to realise in a world where institutional restraints