India has the weakest growth in fiscal 2020 of countries that we forecast at 15 per cent, but the strongest fiscal 2021 forecast at +14.5 per cent, CLSA said
The ministry said that earnest efforts made by the government in last few months during coronavirus period have now started showing the green shoots
The economy of relationships works differently from the economy of contracts
Analysts say the investments will pick up only in FY22
Economy still far from sustainable recovery path
Williamson and Alesina were both economists who offered insights that India must follow over the next two decades. If it doesn't, it can resign itself to its current low-grade economic status.
Having realised that there is really no contradiction between "jaan" and "jahaan", states are gradually reopening their economies. But they are locking the stable doors after the horses have bolted
He said the pandemic might have applied the brakes on the speed of the economic growth, but the country had left behind the phase of lockdown and entered the first phase of unlocking.
India's gross domestic product for the fourth quarter of the financial year 2020 grew at 3.1 per cent, its slowest pace in at least two years
This would mean a contraction of 1-2 per cent for entire FY21, against the agency's earlier projection of -1 per cent to 1 per cent
The ability of some companies to withstand the effects of the virus will depend on its duration
The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years!
"Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further," Sanjeev Sanyal, principal economic adviser to govt, said
With destocking over, growth is stabilising but its revival faces several pro-cyclical headwinds
From DBS Bank on India's economic growth to Sena-NCP-Congress staking claim in Maharashtra, Business Standard brings you the top headlines of the day
India has set an ambitious target of $5 trillion in the next five years and 12 per cent of it is expected to be contributed by the manufacturing sector
The ADB said growth would pick up to 6.5 per cent in 2020-21 with "supportive" policies, but also said it would be lower than its earlier forecast of 7.2 per cent for the fiscal year
What's the strategy to revive the economy? Mere fundamentals will not do the trick
Growth in the second half of 2019-20 will go up to 5.5 per cent, up from the 4.75 per cent in the first half, the agency said
If the government tinkers with personal taxes, it will add to the list of measures taken in recent months to boost growth that's expanding at the slowest pace in nearly six years