Page 256 - Indian Economy

Nomura remains overweight on India; Infosys, RIL, ICICI Bank among top bets

Going ahead, Nomura said, markets will focus more on corporate earnings rather than the broad economic growth in India

If necessary, govt must print money to support expenditure: P Chidambaram

He said that no one can predict when things will get better as it is not known whether there will be a third and fourth wave of coronavirus

Tikait slams Centre for inflation, punishing people for raising voice

Rakesh Tikait said that if someone raises its voice against the government, they are punished

Best of BS Opinion: Prioritising expenditure, moving on infra agenda & more

Here are the best of Business Standard's opinion pieces for Wednesday

At Rs 105.52 a litre, faraway depots make Sri Ganganagar's petrol costliest

High VAT, freight costs push petrol up to Rs 105.52/ litre, diesel Rs 98.32/ litre

Covid-19 pandemic: Govt may extend social and rural relief schemes

Aims to provide impetus to rural economy and small businesses

Manufacturing PMI slips to 50.8 in May, marking steepest fall in 10 months

Job loss accelerated as Covid-19 'crisis intensifies' in sector, says private survey

Centre's indirect tax share in GDP rises in FY21 after four years

Share of corporation tax collections in gross tax revenue falls to 10-year low

SBI cuts FY22 GDP growth estimate to 7.9%; recovery to be 'W-shaped'

The economists at the state-run lender seemed to attribute the impact of the second wave of Covid infections as a key factor for the revision in the growth estimate, and pitched for faster vaccination

Second Covid wave threatens India's long-term credit rating, warns Moody's

The financial sector could become the main driver of potential risk to the sovereign

Moving on the infrastructure agenda

Globally, municipal bonds are an established and major source of funding for urban infra. However, the municipal bond market is quite underdeveloped in India, notes Vinayak Chatterjee

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

Govt should heed to advice of economists, increase spending: Congress

The Congress on Tuesday asked the government to reverse its "disastrous" policies and heed to the advice of economists by printing more money and increase spending and not let another year go waste

Moody's Investors Service pegs India's GDP growth at 9.3% in FY22

The agency estimated India's economic growth at 9.3 per cent in the financial year ending March 2022 and 7.9 per cent in FY23

SBI revises downwards India's FY22 economic growth forecast to 7.9%

As the second wave of Covid-19 and the resultant restrictions again cripple economic activities, the State Bank of India has lowered India's growth outlook for the current financial year

Best of BS Opinion: Covid-19 vaccination, economic recovery, and more

Here are the top BS Opinion articles of the day.

Covid impact: India's economy unlikely to see double-digit growth in FY22

Barclays has pegged growth at 7.7 per cent in a bear-case scenario, if the country is hit by a third wave of the pandemic.

India's Q4 GDP number: Pick-up in volumes underpinned improved growth

Overall, GDP and GVA contracted by 7.3 per cent and 6.2 per cent, respectively, in FY21, in line with our forecasts (-7.3 per cent and -6.3 per cent, respectively)

Demand pushes up construction and manufacturing sectors in Q4FY21: Experts

However, the growth is largely driven by pent-up demand and holds ominous signs for the current quarter as the second wave is seen to have affected that very part of the economy

Second Covid-19 wave: OECD cuts India growth forecast to 9.9% for FY22

OECD said while India is projected to be the fastest-growing G20 economy in 2021, it will also be the one which is the furthest away from its pre-crisis GDP trend