Page 30 - Economic Slowdown
India needs to shift its economic model
Well beyond Modinomics or Modipolitics, India seems to be facing a structural challenge of its economic model whose evidences can be seen every day on the ground in the countryside
 "India needs to shift its economic model")
When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc
In visible signs of economic woes, the auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.
 "When Rahul Bajaj, Kiran Mazumdar-Shaw broke deafening silence of India Inc")
India's Nov oil import growth fastest in seven months: Oil Ministry data
India, the world's third-biggest oil importer and consumer, has set an April 1, 2020 deadline to migrate to Euro VI-compliant fuels to cut its carbon emissions
 "India's Nov oil import growth fastest in seven months: Oil Ministry data")
IMF retains India's FY20 GDP growth rate forecast at 6.1%
IMF's projection is much higher than those by most agencies. RBI's latest projection pegged growth at 5 per cent, Standard & Poor's at 5.1 per cent, Moody's at 4.9 per cent and Fitch' at 4.6 per cent.
 "IMF retains India's FY20 GDP growth rate forecast at 6.1%")
India in midst of significant economic slowdown, needs policy actions: IMF
"India is now in the midst of a significant economic slowdown," Salgado told reporters
 "India in midst of significant economic slowdown, needs policy actions: IMF")
Infra to banks: What will it take to fix Indian finance after the crisis
Can India in the 2020s try to reinvent its finance-construction model so that it works for everyone and not just for a few thousand financiers in Mumbai?
 "Infra to banks: What will it take to fix Indian finance after the crisis")
Has India's growth slowdown bottomed out? Animal spirits indicate so
Despite the green shoots, the economy is set for another quarter of sub-par growth, and still in need of support from the government and the central bank heading into 2020
Addressing the Great Slowdown
Here's a list of measures that will not help India overcome the slowdown
 "Addressing the Great Slowdown")
Lenders call for bids to rescue shadow bank Altico as crisis deepens
Alitco's bad loans spiked to 23.8% of its loan book in the July-September quarter, adding to concerns of recovery for the lenders
 "Lenders call for bids to rescue shadow bank Altico as crisis deepens")
Letter to BS: Structural reforms hold the key to achieve economic goals
The demand for credit and the credit absorption capacity of the various segments are critical to boosting the supply of credit
 "Letter to BS: Structural reforms hold the key to achieve economic goals")
Cases of Rs 89,000 cr in my ministry: Gadkari concerned over slowdown
Modi had said that discussions on achieving the vision of making India a $5 trillion economy did not come all of a sudden
 "Cases of Rs 89,000 cr in my ministry: Gadkari concerned over slowdown")
Consumer durables report steady growth in 2019; slowdown a threat in 2020
The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent, largely helped by long and harsh summer
 "Consumer durables report steady growth in 2019; slowdown a threat in 2020")
A different phase
Ministerial statements at last week's meetings with business leaders indicate the government's new approach to industry
 "A different phase")
Money is needed in the hands of people to sustain demand: Harsh Singhania
India Inc is passing on the benefits of tax cuts to consumers
 "Money is needed in the hands of people to sustain demand: Harsh Singhania")
Fitch cuts India's GDP growth to 4.6% as credit crunch cripples economy
The rating agency sees moderate fiscal slippage, retains sovereign rating and outlook
 "Fitch cuts India's GDP growth to 4.6% as credit crunch cripples economy")
India Inc should make bold investment decisions to push up growth: PM Modi
'Achieving a $5-trillion economy is absolutely possible', said PM Modi
 "India Inc should make bold investment decisions to push up growth: PM Modi")
Auto Expo being pegged as launchpad for revival of slowdown hit sector
Slowdown-hit auto industry is looking forward to the upcoming Auto Expo in February 2020 as the 'launching pad for revival' despite some big regular companies skipping the biennial motor show, SIAM said Friday. Industry body Society of Indian Automobile Manufacturers (SIAM) said that over 60 new launches and unveilings of vehicles are expected at the expo to be held from February 5-12, where China's Great Wall Motor Company and First Automotive Works (FAW) will make their debut along with MG Motors India. Notable absentees from the expo will be Honda, Toyota, Ford, BMW, Audi, Lexus, Volvo and Jaguar Land Rover along two-wheeler majors Hero MotoCorp, Bajaj Auto and TVS Motor Co. Holding the flag up for the industry are the likes of Maruti Suzuki, Hyundai, M&M, Tata Motors and Kia along with Skoda and Volkswagen brands, which are making a comeback after skipping the 2018 edition. "Auto Expo 2020 will be the launching pad for the revival of the auto industry, we feel," SIAM President
 "Auto Expo being pegged as launchpad for revival of slowdown hit sector")
Rising stocks amid economic slowdown leave former CEA Subramanian surprised
Equity benchmarks advanced to fresh lifetime highs for the third session on the trot on Thursday, spurred by buying in energy, IT and auto counters amid persistent foreign fund inflows
 "Rising stocks amid economic slowdown leave former CEA Subramanian surprised")
FMCGs turning attention on premium, small packs as spending curbs grow
Companies also ensuring visibility on digital and TV
 "FMCGs turning attention on premium, small packs as spending curbs grow")
Airtel will continue to invest Rs 20,000-cr despite slowdown: Sunil Mittal
Mittal said he made a request, on behalf of the telecom industry, for Rs 37,000 crore goods and services tax (GST) refund
 "Airtel will continue to invest Rs 20,000-cr despite slowdown: Sunil Mittal")
