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After an era that saw a boost in tourism and freer capital markets, an Asia disconnected from the world would be a major step back.
Indian economy is headed for its first annual contraction in 40 years and the human cost has piled up in the form of hunger and untreated disease.
As India begins gradually easing the Covid lockdown, reopening the economy isn’t going to be a straightforward exercise, businesses say.
The slippage adds to the challenges faced by PM Modi, who is trying to salvage growth that has ground to a halt due to a nationwide lockdown to curb Covid-19 spread.
With India’s GDP set to shrink, RBI needs to think beyond cutting interest rates and flooding banks with liquidity.
Slowdown in RBI intervention has come since US Fed launched temporary facility allowing other central banks to swap treasuries for dollars.
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.
The quarterly plunge in Singapore’s GDP was worse than the median forecast of an 8.2% decline in a Bloomberg survey of economists.
With two of the three-week shutdown falling in April, GDP growth in the quarter to June could contract about 5%, the first in at least two decades.
In 'All the Wrong Turns', T.C.A Ranganathan and T.C.A Srinivasa Raghavan explain how Deng Xiaoping's SEZ project in 1970s set the pace for China's economic rise.