Amid investment slowdown, companies are moving electronic assembly from China to India. New agri marketing laws & work conditions also spell opportunity.
IndusInd Bank was the top gainer in the Sensex pack, zooming over 12%, followed by Bajaj Finance, Axis Bank, ICICI Bank, Tech Mahindra, Bajaj Finserv and Kotak Bank.
Barring Hindustan Unilever, all Sensex components ended in the red. Similarly, the NSE Nifty crashed 326.30 points or 2.93 per cent to close at 10,805.55.
IndusInd Bank was the top gainer in the Sensex pack, rallying 5.93 per cent, followed by Reliance Industries, Axis Bank, Kotak Bank, Bajaj Auto and HCL Tech.
Kotak Bank was the top gainer in the Sensex pack, followed by IndusInd Bank, Bajaj Finance, HDFC Bank, ICICI Bank. Among the laggards were PowerGrid, M&M, Tech Mahindra, Titan.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
I have seen India from 2004 to 2014 and from 2014. The most important point for growth is missing now, enthusiasm. And the one point that was absent before but is all prevalent now is fear. India will never add $125 billion per year to its GDP.
Now all we need is a windmill for oxygen and water……Ache din….Sab changa si!
A common man knows by gut feeling that it will not be before end 2021, that economy will pick up and starts showing uptick. In the meanwhile, it will be on track to come back to normal activity. Of course, economists and economic commentators are in a hurry and would like to sustain their vicious attack on Modi on this count. Modi is of course quite slow in undertaking structural reforms but is wisely holding on to throwing money down the drain on the pretext of fiscal stimulus.
Covid is here to stay; its virulence will of course come down but its economic effects will linger on for a long time until we have an effective vaccine and/or some miracle drugs (like the one administered to Trump) . The helicopter money let loose by Western countries will find its way into India by mid next year and we can expect a big boom in real estate and stock market. If that helps the economy, one is not sure.
But the poor in India are well taken care of by Modi and incessant caustic narrative of no growth, poor economy, no jobs etc is not going to sway their votes against Modi.
Will you please visit your comments after 1 year and post a correction or even better an apology.
Given his ideological biases, this mildly pro government article must have been tough for Shri Ninan to write. But at least he has seen the writing on the wall, which his other fellow travellers are refusing to see.
Your comment is laudable for decency and positivity, Pramod Patil. You have given an apt compliment to Mr. TN Ninan. Wish the expression of views on the net and on social media could be sans any anger and abusive content,
Sadly decency has become uncommon these days with twitter wars. The middle ground should be a little critical of govt but instead we have either fighting jets and all hail modi going or we have a destroyed country with no benefits whatsoever. I commend The Print for its consistent non biased views in this propaganda noise. Its best that media goes behind paywalls to get unbiased views or we get vicious things like Republic or Wire
I have seen India from 2004 to 2014 and from 2014. The most important point for growth is missing now, enthusiasm. And the one point that was absent before but is all prevalent now is fear. India will never add $125 billion per year to its GDP.
Enthusiasm is missing amongs corrupts otherwise people are quite up beat.
Right…..Enthusiastic migrants, Enthusiastic economy and GDP, very Enthusiastic fuel rates, Enthusiastic investors, Enthusiastic unemployment rates, Enthusiastic communal situation, Enthusiastic Rape Accused, Enthusiastic covid situation, Enthusiastic businessmen, Enthusiastic students, Enthusiastic farmers, Enthusiastic TRP Godi media……Enthusiastic YOU!
Now all we need is a windmill for oxygen and water……Ache din….Sab changa si!
A common man knows by gut feeling that it will not be before end 2021, that economy will pick up and starts showing uptick. In the meanwhile, it will be on track to come back to normal activity. Of course, economists and economic commentators are in a hurry and would like to sustain their vicious attack on Modi on this count. Modi is of course quite slow in undertaking structural reforms but is wisely holding on to throwing money down the drain on the pretext of fiscal stimulus.
Covid is here to stay; its virulence will of course come down but its economic effects will linger on for a long time until we have an effective vaccine and/or some miracle drugs (like the one administered to Trump) . The helicopter money let loose by Western countries will find its way into India by mid next year and we can expect a big boom in real estate and stock market. If that helps the economy, one is not sure.
But the poor in India are well taken care of by Modi and incessant caustic narrative of no growth, poor economy, no jobs etc is not going to sway their votes against Modi.
Will you please visit your comments after 1 year and post a correction or even better an apology.
Given his ideological biases, this mildly pro government article must have been tough for Shri Ninan to write. But at least he has seen the writing on the wall, which his other fellow travellers are refusing to see.
I share the cautious optimism of the learned author. Let us hope that Indian economy does well to beat the recessionary Covid crisis.
Your comment is laudable for decency and positivity, Pramod Patil. You have given an apt compliment to Mr. TN Ninan. Wish the expression of views on the net and on social media could be sans any anger and abusive content,
Sadly decency has become uncommon these days with twitter wars. The middle ground should be a little critical of govt but instead we have either fighting jets and all hail modi going or we have a destroyed country with no benefits whatsoever. I commend The Print for its consistent non biased views in this propaganda noise. Its best that media goes behind paywalls to get unbiased views or we get vicious things like Republic or Wire