Page 9 - Economic Slowdown

Covid slump may cause 7.7% GDP contraction in FY21: First Advance Estimate

The government's First Advance Estimate suggests the worst performance ever for the Indian economy in the wake of the slowdown caused by the coronavirus pandemic

Budget Byte: Boosting consumer demand will be crucial task for Sitharaman

Pent-up or not, demand yet to fully recover from the pandemic impact

Exports slip 0.8% in December 2020; trade deficit widens to $15.71 billion

The country's exports declined marginally by 0.8 per cent to $26.89 billion in December 2020, due to contraction in sectors like petroleum, leather and marine products

Macroeconomics needs to focus on managing abundance and not scarcity

Macroeconomic theory has to be constructed around this now, not the old Keynesian identity which took deficiency as its starting point

India to become 5th largest economy in 2025, 3rd largest by 2030: CEBR

India, which appears to have been pushed back to being the world's sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030

Global investors are dumping Indian bonds. Blame it on slow pace of reforms

While financing costs have remained subdued this year, the risk is that the growing supply of Indian bonds begins to outstrip local demand

India wants a V-shaped recovery at any cost. But what will RBI do?

How RBI manages recovery demand against threats to financial stability from cheap money may be a more important story for India investors in 2021 than the standard growth versus inflation trade-off

Big Tech to shop for Covid-hit competitors in next 5 years: Report

The economic shock is poised to result in a wave of mergers and acquisitions

Families marry off daughters to ease finances amid the pandemic

Many countries had made progress against traditional and transactional marriages of girls in recent decades, but Covid-19's economic havoc has caused significant backsliding

IIP grows 3.6% in Oct, touches 8-month high on consumer goods, electricity

The Index of Industrial Production (IIP) grew by 3.6 per cent in October on a year-on-year (YoY) basis compared to a 0.4 per cent expansion in the previous month

Fiscal fault lines

Govt finances might affect economic recovery

Markets for export

Target unrealistic while govt frowns on trade deals

What Janet Yellen must do

First on the agenda will be recovery from the pandemic. With multiple vaccines in sight, the immediate task is to build a bridge from here to the post-crisis economy

States' indebtedness may soar 36% to Rs 68 trn this year: Report

The report is based on the state of finances of the top-18 states, including Goa and excluding Delhi, which account for 90per cent of the aggregate gross state domestic product

Garment exporters rejoice as US-China trade war proves to be silver lining

The Sino-US trade war has offset the pandemic-induced slowdown

While US, Europe rebound, India yet to find firm ground as economy shrinks

The new figures firmly ensconced India's position among the world's worst-performing major economies, despite expansive government spending designed to rescue the thousands of small businesses

Long road to recovery

Q2 numbers encouraging, but outlook is still fairly uncertain

ADB approves $300 mn policy-based loan to cash-strapped Pakistan

Pakistan has been facing the dilemma of rise and fall in the export growth showing underperformance of its export industry.

GDP data: Contraction can be ignored, but pre-Covid declining trend irksome

While the country is now technically in a recession with two successive quarters of negative growth, it should not be worrisome as this is the case across the globe with China being the only exception

India's fiscal deficit stands at 120% of annual target at October-end

The deficit widened mainly on account of poor revenue realisation.