Page 10 - Economic Slowdown

Indian economy shrinks for second quarter in a row, shows signs of pick-up

The economy contracted 7.5% in the July-September quarter

Expert views on India's economy shrinking 7.5% in July-Sept quarter

The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.

Credit-rating cuts for companies slow down as Indian economy perks up

Economic data suggests that Asia's third-biggest economy is recovering, albeit unevenly, after it shrank a record 24% in the three months to June 30

Concern being replaced by optimism as economy shows signs of recovery

The improvements are expected to continue, with some analysts seeing the country returning to growth as soon as this quarter

Indian economy probably picked up in Q2 as hopes grow for vaccine: Poll

Economists in a Reuters poll forecast gross domestic product in Asia's third largest economy to shrink 8.8% in the September quarter

Top headlines: GDP to fall, everyday items may get expensive, more

Household appliances like washing machines, refrigerators, television sets and air conditioners will get expensive by at least 3-5%

50% tech startups expect pre-Covid level revenue in six months' time

Revenue acceleration and funding has improved the cash availability with startups

Did festival demand revive Indian economy's animal spirits in October?

Demand during the festival season helped boost three of the eight high-frequency indicators

Pent-up demand behind improved economic activity, may not sustain: Icra

The pick up in economic activity in October is the result of pent-up demand and may not sustain going ahead, domestic ratings agency Icra said on Tuesday. Multiple fast-paced indicators, including GST collections, have been showing a sharp recovery since October, which has also led many analysts to revise their overall GDP forecasts for the fiscal. "We caution that the spikes in production seen in the various sectors in October 2020, are an exaggeration of the true recovery on the ground, as they have been driven by a large component of pent-up demand that may not sustain after the festive period is over," the agency's Principal Economist Aditi Nayar said. The factors which remain to be watched are the pace of government spending in the second half of the fiscal, after the unexpected contraction recorded in the September quarter, she added. The potential re-imposition of restrictions in one or more states on account of a fresh surge in CVID-19 infections, may temper the momentum of

Airlines on course to lose $157 billion amid worsening slump: IATA

The bleak outlook underscores challenges still facing the sector despite upbeat news on development of COVID-19 vaccines, whose global deployment will continue throughout next year.

Singapore's economy to return to growth in 2021 after worst slump

Analysts expected a 5.4% contraction, according to the median of 10 forecasts

Why the govt's economic package cannot be classified as stimulus

Real stimulus would be to tax people less because spending is as much about feeling good, as it is about having the money and depressed people don't go out shopping

Indian economy may be recovering faster than anticipated: Oxford Economics

The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics

With technical recession over, is it all well for Indian economy? Not quite

The trouble is with demand. Firms are protecting operating profit - or preventing losses - by pruning jobs and cutting pay

With technical recession over, is it all well for Indian economy? Not quite

The trouble is with demand. Firms are protecting operating profit - or preventing losses - by pruning jobs and cutting pay

Maruti expands lead over rivals with 51% share, best ever sales in October

Shift towards petrol, entry-level vehicles and robust distribution in rural areas helps company to maintain pole position

Farmers to the rescue: India pins hope of economic revival on rural sector

The adverse impact of the world's strictest lockdown in March continues to haunt, but the hinterland is holding out hope

Factory output hits decade high in October as demand bounces back: PMI

The Nikkei Manufacturing Purchasing Managers' Index rose to 58.9 in October from September's 56.8

Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao

Even before the pandemic struck, India's financial sector was going through tough times

GST collections cross Rs 1 trillion in October for first time in 8 months

Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in February before a nationwide lockdown to contain the coronavirus pandemic