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The Reserve Bank of India (RBI) logo | Vivek Prakash | Bloomberg

RBI begins MPC meeting with new ‘dovish’ members, all eyes on growth, inflation forecasts

The tilt of the new members is seen as dovish, but market participants don’t see further interest rate cuts. The three-day MPC meeting is under way.
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Methodological ambiguities in GDP data must be sorted out, standing committee on finance says

The parliamentary panel said authentic and credible data is crucial for planning, policy structuring, informed decision making and inclusive growth.
The coronavirus pandemic is expected to cause both demand and supply shocks in the global economy (representational image) | Photo: Manisha Mondal | ThePrint

Investor sentiment still low. But green shoots in bank loans, GST collections, power usage

Double-digit growth seems optimistic. Modi govt needs to more than double its expenditure to compensate for the losses and avert GDP decline. It's fanciful at best.
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India’s economic growth has seen a consistent fall, Gods cannot be blamed for everything

In episode 560 of #CutTheClutter, Shekhar Gupta explains why the Indian economy's contraction by a record 23.9% is part of a larger pattern.
A man prays to a deity on display, not pictured, at the Bombay Stock Exchange (BSE) building in Mumbai. | Photographer: Dhiraj Singh | Bloomberg

Not Sushant Singh Rajput, not Rhea Chakraborty. It’s the economy, stupid

As Indian economy shrunk by 23.9%, many were left with prayer to cope with this invisible ‘hand of God’ – they morphed the Go Corona Go chant to Grow GDP Grow.
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.
Image: Ramandeep Kaur | ThePrint

India’s fiscal crisis can only get worse as tax revenue is seen dropping 12.5% in 2020-21

GST revenue collected this August was 12% lower than the amount last August, and the economy is only crawling back to life post the Covid-19 lockdown.
Representational image of closed shops in Amritsar, Punjab, under the lockdown | Photo: PTI

Jolted by Q1 slump, economists rush to further lower GDP forecast for fiscal 2020-21

While SBI has predicted nearly 11% contraction for the whole year and negative growth in all four quarters, others have also revised already-bleak estimates.

GDP numbers show Modi govt needs to work on stimulating demand

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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.