Page 19 - Economic Slowdown

Why the current scenario demands a mid-year economic review on priority

Impact of over-leveraging by companies on the banking sector and disruption caused by Covid-19 make for extremely unpredictable times

Covid-19 impact may drive firms to think 'workforce optimisation': Survey

57 per cent of organisations in India expect a "moderate-to-large" negative impact on their business in the next six months, says Wills Towers Watson survey

Policy measures may not offset Covid-19 economic damage in APAC: Moody's

Though Asia's external & fiscal buffers are generally more robust than those in other regions, equipping governments with more policy space, their policy responses will only cushion some of the impact

Coronavirus outbreak: India Inc asks RBI for one-time loan recast

Analysts have already predicted that due to the lockdown, India's economic loss will be close to $ 234.4 billion or 8.1% of GDP

Covid-19: Fitch cuts India's FY21 GDP growth forecast to 1.8% from 4.6%

Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure to conserve cash amid elevated economic uncertainty

Why India needs a formal economy

Informal workers who migrate and send remittances allow families to eke out a living. However, forced isolation will see them struggling to survive as the economy staggers to a standstill

Improve infra to become part of global supply chains: IMF's Ranil Salgado

The economic impact of Covid-19 is expected to be substantial, but recovery should take hold once the virus has been contained, says Salgado

Needed: A National Renewal Fund

A 50-year National Renewal Fund of Rs 30 trillion or 15 per cent of GDP needs to be structured immediately

Barclays pegs economic cost of lockdown at $234 bn; sees no growth in 2020

Barclays has revised down their GDP growth forecast further to 0 per cent for calendar year 2020 (CY20) from 2.5 per cent earlier

Covid-19: PM Narendra Modi extends world's biggest lockdown till May 3

The fight against coronavirus was still on, said PM Narendra Modi in his address to the nation and warned that the coming week would see more strict action to contain the damage

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker

The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.

Coronavirus lockdown may have cost Indian economy Rs 7-8 trillion

Prime Minister Modi is likely to detail the post-lockdown scenario in an address to the nation on Tuesday morning

Gold falls on profit-booking, but economic downturn fears limit losses

Spot gold slipped 0.4 per cent to $1,681.49 per ounce by 0239 GMT US gold futures fell 1.4 per cent to $1,728.40.

How economic crisis due to Covid-19 is different from 2008 meltdown

It's been a sudden slump in economic activity, as against a slow burn then

Coronavirus outbreak: Bank credit growth falls sharply to 6.1% in FY20

Deposit accretion activity also moderated in FY20 to 7.9 per cent from 10 per cent in FY19, according to Reserve Bank of India (RBI) data.

Just-in-time virus: Opportunities for a govt that walked into cul-de-sac

The pandemic has resolved many of Mr Modi's issues - protestors have dispersed, state govts are queuing up for support, and all economic problems can be laid at the door of Covid-19 - writes T N Ninan

RBI admits GDP forecasts prior to coronavirus outbreak were off the mark

RBI failed to gauge a greater-than-anticipated contraction in gross-fixed capital formation and continuing weak activity, especially in the rural areas.

Bouncing back after Covid-19

The National Infrastructure Pipeline is clearly the mega-stimulus for the post-corona revival effort

Coronavirus impact: DBS revises India's GDP estimate to 1.5% for FY21

The development comes a day after American brokerage Goldman Sachs revised its forecast for the country's real GDP growth to 1.6 per cent