Manufacturing and services are expected to be worst-hit sectors in the first quarter. The economy is expected to shrink by at least 10% in the full year.
Even before pandemic struck, India was in the midst of a slowdown as a NBFC crisis hurt new loans & took a toll on consumption, which accounts for 60% of GDP.
Facing fiscal deficit of 7%, Modi govt can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.
According to an analysis, tropical and subtropical countries whose average temperatures are already warmer than 15° C today face catastrophic economic degradation.
Sincerity not shrewdness should drive public policy, especially economic policies. Modi government should know that packaging can only go a little far.
Bangladesh’s 6% growth forecast is lower than previously targeted 8.2% & down from 8.15% a year ago, but it’ll be an outlier in a world set to contract.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
Distressing, dismaying. There is a large pantheon, stretching from Pandit Nehru to God himself now, to whom we can assign blame, shirk responsibility. However, many things are coming to a head, almost synchronised, creating a perfect storm for India and virtually all households. We pray that the response will be worthy of the challenge.
Distressing, dismaying. There is a large pantheon, stretching from Pandit Nehru to God himself now, to whom we can assign blame, shirk responsibility. However, many things are coming to a head, almost synchronised, creating a perfect storm for India and virtually all households. We pray that the response will be worthy of the challenge.