Page 27 - Gross Domestic Product

Economy needs more govt support

Lockdown was a brave decision. Now, policy-making requires a similar display of boldness

Creating fiscal space for the states

In the second part of a series, the authors say the current uncertainties require room for discretion to serve as a necessary handmaiden of rules that cannot alone cater to all contingencies

The wrong diagnosis

Calls for fiscal stimulus and monetary overreach will not help deal with the pandemic's economic consequences

Fiscal space: Not if but how

In the first part of a series, the authors argue the means must be found to avert potential economic and social collapse post-Covid

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.

Govt unlikely to grant any package for industry to pay workers' salaries

"The government lacks the fiscal space. It will not be feasible to give grants to the industry to take care of its wage bills," sources said.

Establish fiscal council to scale up spending

India will have to address the big fiscal prudence challenge, which is not captured by the fiscal deficit/GDP metric

End lockdown or not?

Extending the lockdown could lead to more deaths

IT industry is resilient and will emerge stronger, says U B Pravin Rao

The immediate priority is navigating through the Covid-19 situation and ensuring business continuity"

The long shadow of FY20 on Centre's finances can not be missed by anybody

There may be no official word yet on how the Centre's tax revenue assumptions for the current year have gone awry

Investment pipeline in economy chokes as key indicators show deterioration

Gross fixed capital formation - an indicator of investment demand -as a percentage of GDP, fell to nearly two-decade low

Questions about borrowing

The funding need can change materially

Now what?

Once the lockdown is lifted, we will need the mother of all fiscal and monetary policy support to sustain the economy

The Morning After

Policy interventions will have to be intelligent: Striving to create deep, but temporary, safety nets during COVID-19 without generating imbalances and distortions thereafter

Lest we forget

Sub-optimal responses against viral pandemics and crony lending would keep resurfacing if voters do not hold govts accountable

Growth in next 2 quarters won't be over 3% due to coronavirus: Pronab Sen

Sen further said that due to the ongoing 21-day shutdown, there may be a reduction of about Rs 5 trillion in gross domestic product

Exceptional crisis, exceptional responses

Exceptional circumstances are sometimes the catalyst for exceptional leaders to emerge; they can also be extremely harsh for those who fail the leadership test.

Enough of chest-thumping

Lockdown can't be a substitute for quick action in other areas

The other casualty of Covid-19

COVID-19 will cause no less a disruption to the economy than the goods and services tax has done

Covid-19 hit US economy already in recession: BofA; pegs job loss at 3.5 mn

US Federal Reserve urged not to restrict the quantum of stimulus measures