Page 35 - Economic Growth

India's consumer digital economy to touch $800 billion by 2030

Driven by online shopping across the spectrum, India's consumer digital economy, which was pegged at $85-90 billion in CY20, is expected to become a $800 billion market by 2030: report

Booster dose: Govt unveils Rs 6.3-trillion package to spur growth

Includes credit guarantee schemes, steps to revive tourism, strengthen health infra

After a washed-out Q1, bankers hope to cash in on revival starting July

Demand expected to rise, but more gradually than last year

Only savvy investors should enter into floating-rate funds: Analysts

Select a debt fund whose average duration is lower than the investment horizon

Caution on inflation

RBI's primary mandate should remain inflation targeting

RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain

"The inflation concerns are valid but we have to prioritise growth at this stage", deputy governor MK Jain said at a webinar

Some bright spots

There are still a number of risks to durable economic recovery

US Fed holds rates at zero, projects two hikes by the end of 2023

"Progress on vaccinations has reduced the spread of Covid-19 in the United States," the Federal Open Market Committee said in a statement released Wednesday

Rising inflation risk

Ignoring it for long could increase longer-term costs

RBI to focus on growth even as inflation breaches tolerance band: Report

The annual retail inflation rate rose 6.30% year-on-year in May, up from 4.29% in April and sharply above analysts' estimate of 5.30%

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Economy poised to shrug off second wave

Hard-hearted as it may sound, there is no correlation between the loss of lives and national output

Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more

Here are the best of Business Standard's opinion pieces for Monday

The bull ride

Retail exuberance keeps stock markets going

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

New Pakistan finance minister considers stimulus package to help economy

The stimulus options include incentives in collaboration with the central bank or packages targeted at the poor, said one of the people

India's Q4 GDP number: Pick-up in volumes underpinned improved growth

Overall, GDP and GVA contracted by 7.3 per cent and 6.2 per cent, respectively, in FY21, in line with our forecasts (-7.3 per cent and -6.3 per cent, respectively)

India's economy likely accelerated in Jan-Mar, before Covid-19 wave: Poll

But the second wave of infections and deaths across the world's second-hardest hit country has caused forecasters to trim their projections for the coming months

Best of BS Opinion: The Great Gatsby Curve, panned in pandemic time & more

Here are the best of Business Standard's opinion pieces for Saturday

India's economic activity slows down in April as states impose lockdowns

Activity in India's dominant services sector moderated for a second straight month in April.