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.
RJD, once a prominent representative of Mandal politics, now finds itself in a political era where welfare, good governance, and new aspirations are overshadowing old caste equations.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
“worst could be over” – how our luddite liberals and selective secularists will hate this phrase! They were denuding themselves to believe that the economy will bring this government to its knees, Congress will come back to power and they would get their Padma other awards. They have out of awards to return and are left with only their PAN and Aadhar cards.
“worst could be over” – how our luddite liberals and selective secularists will hate this phrase! They were denuding themselves to believe that the economy will bring this government to its knees, Congress will come back to power and they would get their Padma other awards. They have out of awards to return and are left with only their PAN and Aadhar cards.