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People crowd a weekly market which reopened after the COVID-19 lockdown, in New Delhi | ANI

Indian economy’s ‘animal spirits’ stabilise in August but strong rebound still far away

Five of 8 high-frequency economic indicators gained but a strong rebound is still a far way off as a surge in virus cases continues to disrupt activity.

If India keeps diluting its liberal character, the West will be a less eager partner

Many Western powers aided India’s ascent, presuming that it would not misuse its power against its own citizens. Yet a recent wave of illiberal policies has eroded this confidence.
A general view of the Rajya Sabha during the monsoon session of Parliament | Photo: ANI

Mirror Now debates Rajya Sabha chaos, Aaj Tak says Bollywood’s ‘dirty picture’ up for scrutiny

A quick take on what prime time TV news talked about.

‘Lava’ birthday cake for Modi, free speech vs hate speech in ‘UPSC Jihad’ & Delhi riots cases

The best cartoons of the day, chosen by the editors at ThePrint.
Representational image

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.

‘Missing’ data on migrant workers, and the 11-lakh page mountain against Umar Khalid

The best cartoons of the day, chosen by the editors at ThePrint.
Illustration by Ramandeep Kaur

Modi turns 70 next week, and clock is ticking for him to change his legacy for the better

Sub-optimal economic legacies are typical of strongman leaders. Modi can avoid that, but things are beginning to get stacked up against him.
Illustration by Soham Sen | ThePrint

Why India’s triple crisis needs Modi to de-escalate & disengage from divisive politics at home

Covid, China and economy are intense, intertwined crises that need political space and confidence. Responsibility to create them doesn’t lie with opposition.
Shoppers walk through the New Market area in Kolkata, India, on Tuesday, April 30, 2019. Prime Minister Narendra Modi is seeking a re-election bid in national elections | Photo by Prashanth Vishwanathan | Bloomberg

Moody’s projects 11.5% contraction of Indian economy this fiscal, cites low credit growth

The investor service said India's credit profile is increasingly constrained by low growth and high debt burden, which have been exacerbated by the pandemic.
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.

On Camera

JP Nadda and Rahul Gandhi

What’s common between BJP and Congress reshuffle? They are packed with losers

If you look at the credentials of BJP president JP Nadda’s new appointees, you will know why Modi-Shah’s party has a rough road ahead.
Representational image of sugar cubes | Photographer: Vincent Mundy/Bloomberg

Govt extends sugar export deadline by 3 months till December due to pandemic

The food ministry said the extension was being provided as several mills faced logistical issues to export amid the Covid situation.

Defence

Representational image | Indian soldiers at the Line of Control in Jammu and Kashmir | PTI

No ‘major’ build-up at LoC but Pakistan pushing new Chinese-made assault rifles into Kashmir

Security forces have recovered EMEI Type 97 NSR rifles, manufactured by Chinese firm Norinco, which they believe were dropped into J&K through drones.
Narendra Modi and Amit Shah | File photo: T. Narayan | Bloomberg

Partners dispensable in Modi-Shah construct if they do not bring additional votes

In the Modi-Shah construct, if partners do not bring additional votes, they are dispensable. However old or loyal, either they become supplicants, or die.