Floriculturists say Covid fears and lockdown have damaged their business across India and exports too as flowers are considered a luxury item.
Moves to boost rural employment will eventually lead to lesser labour availability, driving higher farm mechanisation and tractor sales, Nomura says.
The looming threat of a credit rating downgrade to junk may have held officials back from delivering a more immediate boost to the economy.
Debt sales by state entities may have also widened fiscal deficit for 2019-20 to 10.2% of GDP from 9% estimated before coronavirus outbreak, HSBC says.
In her interviews to three newspapers, Finance Minister Nirmala said no decision on monetisation of deficit has been taken yet.
Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over Covid weighed on the local unit.
Moderna's shares, which nearly made an MIT professor a billionaire, began to slide after a report from the health publication Stat highlighted the early nature of the vaccine data.
The Bank of England has predicted that a three-month lockdown could lead to a 14% slump this year — the deepest recession since the early 18th century.
The widespread struggle to earn cash risks turning into a big political problem for Chinese President Xi Jinping.
MNCs & large Indian corporates have indicated that they may go ahead with at least 70% of their planned hirings, Quess Corp says.