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Topic: India’s GDP

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.

Tribute to Indian-Tibetan SFF hero Nyima Tenzin, and who really needs Y-plus security

The best cartoons of the day, chosen by the editors at ThePrint.
Fitch Ratings headquarters | @FitchRatings/Twitter

Fitch Ratings project 10.5% contraction of Indian economy this fiscal year

India's GDP shrank by a staggering 24 per cent year-on-year amid the imposition of one of the most stringent global nationwide lockdown.
A man prays to a deity on display, not pictured, at the Bombay Stock Exchange (BSE) building in Mumbai. | Photographer: Dhiraj Singh | Bloomberg

Not Sushant Singh Rajput, not Rhea Chakraborty. It’s the economy, stupid

As Indian economy shrunk by 23.9%, many were left with prayer to cope with this invisible ‘hand of God’ – they morphed the Go Corona Go chant to Grow GDP Grow.

‘Shrinking’ of Parliament, and Nirmala Sitharaman’s loan fix for every issue

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

India’s backward dash from $5 trillion while one rupee gets a moment in spotlight

The best cartoons of the day, chosen by the editors at ThePrint.
People crowd a weekly market which reopened after the COVID-19 lockdown, in New Delhi | ANI

4 questions Indian economy faces after the record Q1 GDP slump

The record 23.9% decline in Q1 GDP shifts the focus back to the Modi government and RBI on what steps can be taken to spur growth.
File image of former finance secretary Subhash Chandra Garg | Photo: Suraj Singh Bisht | ThePrint

India’s economy may contract by 10-12% in 2020-21: Former finance secretary Subhash Garg

Former finance secretary Subhash Chandra Garg said a faulty lockdown strategy and an ineffective stimulus have adversely impacted economic recovery. Read his blog here.
A farmer hand-picks cotton in a field in Dangad, Haryana. | Photographer: Prashanth Vishwanathan | Bloomberg

If Modi govt wants to reform agriculture it shouldn’t be tinkering around the edges

Money being spent in farmers’ name must be spent for their genuine welfare, through a well-conceived and carefully-phased programme of change.
File photo of Connaught place during the nationwide lockdown | Photo: Suraj Singh Bisht | ThePrint

Indian businesses are getting desperate as there’s no sign of fiscal package from Modi govt

As their cash-flow dries up, and in the absence of any fiscal support, many Indian businesses say they will be forced to cut jobs to curb costs.

On Camera

File photo of Bihar CM Nitish Kumar | Facebook/NitishKumarJDU

The curious case of Nitish Kumar — 87% anger, 100% victory

In the supposedly most-politicised state in India, people say they don’t have ‘options’ this election.
RBI

RBI reschedules Monetary Policy Committee meeting, new dates to be announced soon

The panel was scheduled to meet for three days beginning 29 September for RBI's bi-monthly monetary policy review. RBI did not give any reason for rescheduling the meet.

Defence

Defence Minister Rajnath Singh releases the New Defence Acquisition Procedure (DAP) at the Defence Acquisition Council (DAC) meeting, in New Delhi on 28 September 2020 | @DefenceMinIndia | Twitter

Govt scraps offset policy for govt-to-govt deals, allows leasing of defence equipment

The new Defence Acquisition Procedure 2020, which was unveiled by Defence Minister Rajnath Singh Monday and kicks in on 1 October, also cuts down procurement time.
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.