Page 250 - Indian Economy

Statsguru: What bank deposits data tells us about Covid disruption

Deposits grew fast in the period when consumption got hit due to restrictions and precautionary behaviour.

Indian states need more financial support from the government: S&P

The Covid-19 pandemic could increase budget deficits and indebtedness of state governments as spending needs to exceed revenue collected, S&P Global analysts YeeFarn Phua and Ruchika Malhotra said

Globalisation, old and new: What changing world order means for India

Globalisation is morphing as new agendas come into focus. These now drive action on climate change, taxation of global companies, tackling terrorism, sharing vaccines and the like, writes T N Ninan

We see rupee devaluing as exports become priority: JM Financial's Manglunia

Manglunia tells Puneet Wadhwa that based on risk appetite, there is a lot of value in select names in 'AA' category and below, which offer excellent carry even in the face of threat of rising rates

'Toyconomy': PM Narendra Modi asks people to be vocal for local toys

Prime Minister Modi made the remarks after interacting with participants of Toycathon-2021 via video conferencing

S&P cuts India's FY22 growth forecast to 9.5% from 11% earlier

S&P Global Ratings on Thursday cut India's growth forecast for the current fiscal to 9.5 per cent, from 11 per cent earlier, and warned of risk to the outlook from further waves of COVID pandemic. The agency lowered the growth outlook saying that a severe second COVID-19 outbreak in April and May led to lockdowns imposed by states and sharp contraction in economic activity. We forecast growth of 9.5 per cent this fiscal year from our March forecast of 11 per cent, S&P said. Stating that permanent damage to private and public sector balance sheets will constrain growth over the next couple of years, it projected India's growth at 7.8 per cent in the next fiscal ending March 31, 2023. Further pandemic waves are a risk to the outlook given that only about 15 per cent of the population has received at least one vaccine dose so far, although vaccine supplies are expected to ramp up, S&P said. Indian economy contracted by 7.3 per cent in fiscal 2020-21 as the country battled the

Household balance sheet

Lower consumption at the bottom of the pyramid will affect growth

Focus on 'toyconomy': Prime Minister Modi's call to India's toy industry

India's share in $100 billion global toy market is only around one-and-a-half billion dollars: PM

Moody's cuts India growth forecast for 2021 to 9.6% from 13.9% earlier

Moody's slashed India's growth projection to 9.6% for 2021, from its earlier estimate of 13.9%, and said faster vaccination will be paramount in restricting economic losses to June quarter

Vaccine economics: Only pros, no cons

Vaccines are an amazing deal. Use the market to deliver more, more quickly

Reform-linked borrowing by states new model of public finance: PM Modi

Says states got Rs 1.06 trn in FY21 through a partnership

Advance tax collection: Automobile, IT firms lead surge in April-June qtr

Maruti Suzuki, Hero MotoCorp, TCS, and Infosys reported a jump between 44 per cent and 200 per cent in the April-June quarter of this financial year on account of a low base

Exports: India's window of opportunity

The possibility of a sharp recovery for the economy can only be realised through a strong focus on exports.

Covid-19: Quick vaccination is key to opening the economy, say experts

A day after India vaccinated almost 8.6 million people against Covid-19 in a single day, government experts said that quick vaccination is the key to opening the economy

Firms' m-cap grew fastest in 2020 despite GDP contraction: SBI economists

Indian firms' market capitalisation grew at the fastest pace last year among major economies despite contraction in GDP, economists from SBI said, flagging the risks to financial stability it poses

RBI likely to go against convention on raising funds through bonds

This gives credence to the theory that the central bank may not want to issue a fresh set of 10-year paper in a hurry and would rather continue with the existing security

GST: A turning point?

The recent upsurge in revenues offers the prospect of the country breaking out of the long-stagnant tax-to-GDP ratio

Caution on inflation

RBI's primary mandate should remain inflation targeting

Indication of revival in economic activity as states unlock: Survey

With states easing lockdown curbs due to declining number of Covid-19 cases, there are immediate indications of improvement in economic activity

The RBI as outlier on inflation

As the threat of inflation returns, the Fed and others adjust their messages - why not the RBI?