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Topic: Economic Crisis

A cashier counts Indian rupee bank notes. | Photographer: Dhiraj Singh | Bloomberg

NBFCs are recovering slowly even though economy struggles under Covid impact

Premiums on NBFCs’ bonds narrowed to a two-year low in August & liquidity and share performance indicators stayed steady, indicating strength.
People walking in closed Sarojini Nagar market | PTI

India is paying higher costs for its Covid crisis than we know yet

With a record GDP fall, surging Covid cases, sharp hit to healthcare and education, the Modi government needs to resist calls to spend money it doesn't have.
Pedestrians cross a road at Connaught Place in New Delhi (representational image) | Ruhani Kaur/Bloomberg

July brings hope for Indian economy as animal spirits begin to move

Five of India's 8 high-frequency economic indicators gained in July, moving the Bloomberg News animal spirits needle for the first time in 2 months.
Representational image| A market in Hong Kong| Pixabay

New wave of Covid in Asia Pacific is threatening sputtering recovery of world economy

China reported most domestic infections in 4 months & Tokyo, Hong Kong and Melbourne have seen record infections and even Vietnam is fighting an outbreak.
RBI

India needs a financial crisis agency to handle impact of Covid and future disasters

The Financial Stability and Development Council was set up by the Indian govt to safeguard against crises, but its non-statutory status poses major limitations.

Rethink role of crisis cartels, as Indian industries face risk of overcapacity

The adverse impact of Covid-19 on the economy is expected to create structural overcapacity in the Indian industries, which can wreak havoc if left unchecked.
A man wearing a protective suit crosses a street in Queens, New York City on May 15. | Bloomberg

Half way into 2020, a new world order for the Covid era is emerging

The coronavirus crisis has forced governments to confront a health & economic crisis, a crisis of institutional legitimacy & heightening geopolitical rivalry.
Despite global economic tensions, India set to witness continuous economic growth | Dhiraj Singh/Bloomberg

Why R Jagannathan wants Gandhian economic model, Arvind Panagariya says trade will recover

Today's political, economic & strategic punditry from Uday Balakrishnan, Satish Deshpande, Rajeev Bhargava & more.
Burj Khalifa in Dubai (Representational image) | Flickr

Dubai faces biggest risk from virus shock to economy in Middle East, Moody’s says

Dubai’s reliance on real estate, transportation and tourism makes the Middle East business hub the most exposed to the impact of coronavirus.
China is loosening the criteria for factories to resume operations as it walks a tightrope between containing the coronavirus and preventing a slump in the world's second-largest economy | Representational Image | Qilai Shen | Bloomberg

Lockdowns have dragged global manufacturing into a historic slump

Figures from Asia to Europe and the US show manufacturing taking a severe hit, with demand, employment and production all in decline.

On Camera

Stigmatise and shame nations that keep nukes if treaties are futile in banning them

Stigma could, in time, turn domestic opinion in China, sway public attitudes in Russia, India & elsewhere, or even bring the U.S. back to the arms-control negotiating table.
Luxury (Representational Image) | Needpix

Wellness, watches & even weed — What the future holds for luxury retail

Covid has made 2020 the worst year for the global luxury market in modern history, but it is also why health is likely to be the ultimate luxury product in the next decade.

Defence

Representational image | ANI

India, China working on Ladakh peace formula — alternate week patrolling, after disengagement

Patrolling in alternate weeks has been the established practice in the Northeast, and has worked well, barring the occasional face-off.
Illustration by Soham Sen | ThePrint

If Modi is a true reformer, he’ll bury Vodafone ghost and campaign on reforms in Bihar

No politician sees economic reform as a vote-catcher; it’s the old, povertarian economy that gets votes. Can Modi bring farm and labour reforms centre-stage?