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Saturday, May 4, 2024
TopicIndian Economy

Topic: Indian Economy

V-shaped recovery is on, but by 2022, India will grow only 2.4% over 2019-20 — Economic Survey

Economic Survey 2020-21 also states that fiscal slippage will be ‘transient’, criticises credit ratings for not capturing India’s ‘fundamentals’.

Bad loan problem is worse than what official numbers show

Most banks have reported a smaller percentage of bad loans on their books in the last quarter. Here’s a look at the full extent of the problem in selected financiers.

Economic Survey expected to project 11% GDP growth, vaccinations to drive recovery

Finance Minister Nirmala Sitharaman will table the survey for the year 2021-22 in Parliament later Friday.

India must get rid of wasteful spending, have credible divestment plan, says Gita Gopinath

IMF’s chief economist says India should continue providing support in cash and kind, allocate more to MGNREGA to reduce inequality and poverty post pandemic.

Birla to invest $2.4 billion across businesses as V-shaped recovery takes hold

Months after it put on hold some of its expansion programmes on account of the pandemic, Aditya Birla Group unveils investment plans as it bets on India's economy to bounce back.

IMF projects 11.5% growth rate for India in 2021, only country with double digit growth

The International Monetary Fund's projections indicate a strong recovery for the Indian economy after it is estimated to have contracted by 8% in 2020.

Indian economy likely to grow 7.3% this year, projects UN report

The global economy shrank by 4.3% in 2020, over two-and-a-half times more global financial crisis of 2009. The recovery of 4.7% expected in 2021 would barely offset the losses of 2020.

Sensex crossing 50,000-mark belies all logic. Or does it?

The magic of the Sensex lies in looking at it as a long-term asset. There has not been a single 5-year period in which the Sensex has not recovered its value.

Why fixing the broken labour market should be a top priority in Budget 2021 for Sitharaman

Sitharaman must revive declining revenue & restore millions of jobs lost during the pandemic. That will be crucial to boosting consumer sentiment.

Trump’s disappointment with Supreme Court, and what Sitharaman’s Budget needs

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

On Camera

Prajwal Revanna case shows why and how sexual crimes by men in politics can go unchecked for years

It would be a disservice to the women of Hassan to look at Prajwal Revanna’s alleged abuse of power as a ‘sex scandal’. Allegations against him show what ‘absolute power corrupts absolutely’ actually means.

High capacity usage, fresh borrowings & new orders — why FY25 could be a big year for pvt investment

Companies are borrowing more from banks and public. Economists say high capacity utilisation & growing new orders could set stage for renewed investment push by India Inc.

China builds road through Shaksgam Valley, India registers protest

New Delhi has, in past, too, objected to Chinese construction activities in Shaksgam Valley. Work in this strategic region gathered pace after the 2017 Doklam stand-off.

Frontrunner is letting the challenger define this poll campaign. Modi still hasn’t found a big theme

A theme has not yet emerged for BJP & people see lack of a contest, which makes it unexciting. For all these reasons, 2024 is turning out to be an unexpectedly theme-less election.