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Topic: Economic Recovery
UK's latest curbs coupled with the prospect of a messy divorce from the EU threaten to worsen country's recovery from the sharpest recession in three centuries.
Speaking at a book launch, Das said India followed the fiscal expansion path to deal with Covid-related challenges and govt will have to spell out a fiscal roadmap post-Covid.
New cases per capita in Pakistan, Sri Lanka and Bangladesh are far lower than in India, making it easier for these economies to recover from the drop in GDP.
The dip in GDP, and ongoing stress in banking sector and households, will curb India’s medium-term growth potential, with experts predicting a slowdown to 6%.
K-shaped recovery means the growing gap between ‘winners and losers’. An example in India is the stock market being healthy while millions have lost their jobs.
Economists are bracing for possible big swings in India's quarterly GDP data scheduled for release Monday and significant revisions going forward.
If trends observed in the first 15 days extend to all of August, then this would be a second monthly decline in diesel sales following an initial rebound when India reopened.
Commercial vehicle sales will start recovering next year & may take at least 3 years to reach peak-level, led by construction, mining and e-commerce.
Truth is currently as scarce as capital in India. The govt doesn’t have the appetite for large-scale socialisation of private losses, lest the opposition accuse PM Modi of cronyism.
Central govt has removed numerous restrictions in various sectors of the Indian economy, and unlike the 1991 liberalisation, states have also chipped in.
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