Tuesday, 3 August, 2021
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Topic: Indian Economy

IMF lowers India’s GDP forecast to 9.5% for FY22 in view of ‘severe’ setback caused by 2nd wave

IMF slashes India's growth forecast by 3 percentage points in July World Economic Outlook report from April forecast of 12.5%, but raises 2022-23 forecast to 8.5%.
Representational image | Photo: Pixabay

Unprecedented flow of easy money is keeping Indian stock markets on a big bull run

Fueled by expectations of continued dovish monetary policy even as inflation fears deepen, traders bet India’s record-breaking stock rally continues to be a success.
Chief Economic Advisor Krishnamurthy V. Subramanian | Photo: Reeti Agarwal/ThePrint

History will acknowledge Modi govt reforms were as path breaking as 1991, CEA Subramanian says

In an interview with ThePrint, Chief Economic Adviser V. Subramanian talks on reforms of the Modi govt, their impact on economic recovery & what latest sero survey results mean for India.
G.V. Sanjay Reddy, Vice Chairman GVK | By Special Arrangement

How the growth in logistics, e-Commerce & warehousing sectors will boost the Indian economy

Putting faith in the logistics sector to aid and facilitate economic growth in India, G.V. Sanjay Reddy speaks about the developments over the years and the vision for the future.
Illustration by Soham Sen

Why did India not fulfil its economic potential? New book outlines ‘economics of non-performance’

In 'The India Story', former RBI governor Bimal Jalan writes that much remains to be done about our economy since the boost of the 1990s.
The Reserve Bank of India (RBI) logo | Bloomberg

Why RBI isn’t very concerned about current increase in inflation — former dy governor explains

R. Gandhi, an ex-deputy governor, said the RBI and the Monetary Policy Committee expect the govt’s borrowing program to go through smoothly without disturbing the yield curve.
Montek Singh Ahluwalia, former deputy chairperson of the erstwhile planning commission. | Illustration: Soham Sen/ThePrint

If we raise duties to make Indian industry competitive, we’ll end up close to 1991: Montek

In an interview to ThePrint, the ex-deputy chairperson of the erstwhile planning commission speaks on a range of issues concerning the economy — reforms, protectionism, trade, growth.
Chief Economic Adviser Krishnamurthy Subramanian | File photo: ANI

India’s growth to start hitting 6.5-7% from FY2023, CEA Subramanian says

CEA Subramanian said he expected various govt reforms and progress in the Covid vaccination drive to push economic growth.
Illustration by Ramandeep Kaur

India needed a crisis to reform. It got one in 1991, thanks to Nehru & Indira’s Soviet model

India’s turn to a centrally planned economy began in the 1950s under PM Jawaharlal Nehru. But by 1991, the economy came to a grinding halt and faced a massive crisis.
Representative image | An employee counts rupee notes | Dhiraj Singh | Bloomberg

Rupee slides toward year’s low as India’s trade deficit widens

Some experts forecast the currency to depreciate to 76 per dollar by year-end, while others have a slightly less pessimistic projection of 75.

On Camera

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Cybersecurity | Representational image | Commons

Cybersecurity breaches are on the rise. What can we do to become more resilient?

Effective collaboration between private and public sector leaders is key to ensuring a nation is cyber resilient. They must take a proactive stance.

Modi govt defers sale of 2 public sector banks to next financial year due to delays

Finance ministry is yet to finalise modalities to seek approval in Parliament for the sale, which leaves little time for the process to be completed this year.

Defence

IAF chief Bhadauria speaks to UAE counterpart on ways to strengthen ties between two forces

Air Chief Marshal Bhadauria’s two-day 'goodwill visit' to the middle-eastern country comes nearly 8 months after the Chief of Army Staff General Naravane travelled to the country.
Illustration by Soham Sen | ThePrint

Why Mizoram vs Assam is a BJP project to ‘integrate’ northeast gone wrong

Assam-Mizoram violence is an outcome of BJP trying too hard to ‘integrate’ distinct northeastern states. This has unleashed latent regionalism.