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PM Modi at Hyderabad House just moments before he addressed the media | Praveen Jain | ThePrint

India could emerge as the global power the world has been waiting for after Covid

India needs strong leadership & decisive action to strengthen its economy and military power. Platitudes and appeals to nationalism are not enough.
Rupee (Representational image) | Dhiraj Singh | Bloomberg File photo

It’s a risk, but there’s simply no escape for India from printing money

India just shouldn't let printing money become a habit. Countries like US can get away with it, but the price for excess is greater for a developing country.
Signage is displayed outside the IMF | Alex Wroblewski/Bloomberg

IMF sees growth in Asia Pacific coming to a standstill for the first time in 60 years

Growth in China and India will decelerate but their economies will still manage to expand 1.2% and 1.9% respectively, IMF says.

Can Modi govt ask companies not to sack workers due to Covid crisis or should firms decide?

PM Modi has appealed to the industry leaders to be compassionate and not sack employees as he extended the nationwide lockdown until 3 May.
Economy_Stocks

India facing worst economic slump since 1991, growth forecast at 1.5-2.8%: World Bank

The World Bank joins a chorus of international agencies that have made a similar cut in growth estimates in recent days on concerns about the Covid-19 pandemic.
A man prays to a deity on display, not pictured, at the Bombay Stock Exchange (BSE) building in Mumbai. | Photographer: Dhiraj Singh | Bloomberg

What’s common to the lockdown and demonetisation? Modi govt’s lack of planning

The national lockdown should have been accompanied by more generous, universal pay-outs, starting immediately and not a week later.
A deserted road in Delhi on the first day of total lockdown Monday | Photo: Manisha Mondal | ThePrint

COVID-19: ‘India in Lockdown’ in TOI, Mint on ‘great fight’, ‘shades of Wuhan’ warns Tribune

A round-up of the most important reports in major newspapers around the country – from TOI and HT, Express and The Hindu to The Telegraph, Mumbai Mirror and The Tribune, as well as top financial dailies.
Despite global economic tensions, India set to witness continuous economic growth | Dhiraj Singh/Bloomberg

The 5 days when world economy’s guardians fought virus and market turmoil

As the week draws to an end, an unprecedented 31 central banks have slashed interest rates and many of them have even activated the crisis playbook.
coronavirus economy

Biggest factory shutdown since world war II hits US, Europe

The shutdowns this time are coming after a bad 2019 for manufacturers around the globe, with the US and Germany reporting plummeting economies.
People wear masks as a precaution against coronavirus | PTI File Photo

Modi govt is considering easier loans, tax rules to help economy fight coronavirus

The Finance Ministry is considering extending loan tenors and relaxing bad-debt norms for small firms.

On Camera

Artist concept of the solar system. | Photo: NASA

Millenials love discussing Mercury retrograde on Instagram, but scoff at jyotish predictions

If you’re a millennial and everything is going wrong at work, in love, and in life — it’s probably just Mercury retrograde, which began in June and ends mid-July.
Martin Wolf, chief economics commentator, Financial Times

India should spend more to revive demand, not worry about deficit: Economy expert Martin Wolf

Speaking at ThePrint's OffTheCuff, Chief Economics Commentator at The Financial Times Martin Wolf said India can afford to increase its debt-to-GDP ratio to 90%, but should avoid borrowing in foreign currency.

Defence

Pangong lake | Commons

LAC row began April, 5,000 Chinese troops sent to Pangong in May, claims state broadcaster

Published by CGTN, the report is first Chinese acknowledgment about the number of troops mobilised in the Pangong Lake area amid tensions with India.
Illustration by Soham Sen | ThePrint

It’s time for China, Pakistan, even India to rethink the fantasy Modi called expansionism

India, China and Pakistan all want territory from another. But it’s a pursuit doomed to fail as they can’t get it without annihilating the other.