Topic: India’s GDP
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 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.
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.
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.
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.
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.
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.
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 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
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.
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.