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Topic: Economic Recovery

Pedestrians in front of the Elizabeth Tower at the Houses of Parliament at night in London

UK’s economic recovery looks past its peak as Covid restrictions hit growth

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.

India at the doorstep of economic revival, says RBI governor Shaktikanta Das

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.
A coronavirus-shaped dustbin placed in Vijayawada by municipal authorities to raise awareness about the pandemic | Representational image | ANI

India’s economy set to lag rest of South Asia in race to recovery as Covid surges, report says

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.
People walking in closed Sarojini Nagar market | PTI

With double-digit GDP decline forecasts, India’s recovery prospects go from bad to worse

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%.
Illustration by Ramandeep Kaur | ThePrint

Indian economy is heading for a K-shaped recovery and it won’t be a pretty sight

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.
A person wears a bandana as a mask while seated in a meat shop during a lockdown imposed due to the coronavirus in Mumbai. | Photographer: Dhiraj Singh| Bloomberg

India’s Q1 GDP data due on Monday but economists are still unable to agree how bad it will be

Economists are bracing for possible big swings in India's quarterly GDP data scheduled for release Monday and significant revisions going forward.
Fuel Station

India’s falling diesel sales signal there is little hope for a V-shaped economic recovery

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.
The Daimler India Commercial Vehicles manufacturing plant in Chennai| Photo: Dhiraj Singh | Bloomberg

Demand for trucks, commercial vehicles to take 3 years to return, Daimler India says

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.
A woman in a marketplace deserted due to lockdown in Lucknow, Uttar Pradesh | Photo: ANI

India isn’t facing up to the true financial cost of Covid

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.
Illustration by Ramandeep Kaur

Why India has increased economic freedoms in response to Covid, unlike Europe & US

Central govt has removed numerous restrictions in various sectors of the Indian economy, and unlike the 1991 liberalisation, states have also chipped in.

On Camera

Why French President Macron’s clash of civilisations with Islam is misguided

Macron seems oblivious to a deepening problem at home: The old French model, which claimed to be superior to all social systems, is unsuited to an increasingly multi-ethnic society.

Revival in demand & business activity push Indian economy’s animal spirits up in September

Economists attributed the recovery to pent-up demand after a strict lockdown imposed in March hit the consumption of goods and services.

Defence

Defence Minister Rajnath Singh addressing the biannual Army Commanders Conference in New Delhi Wednesday | Indian Army

China lacks ‘honest intent’, be prepared for any eventuality, Rajnath Singh tells Army

Speaking in Delhi, the Defence Minister told military commanders that the government will strongly back reforms in the armed forces including setting up of theatre commands.
Illustration: Soham Sen/ThePrint

Trump or Biden? Doesn’t matter to India-US ties as they’re in a full, strategic embrace

Pompeo & Esper’s visit to India for the 2+2 talks is proof that old hypocrisies are history, and supreme national interest has again driven a strategic choice.