Thursday, 20 January, 2022
TopicRecession

Topic: Recession

Why Indian economy seems set for revival in the new year after a tough 2020

India’s GDP is projected to contract in FY21. But as restrictions ease, supply side disruptions are addressed and demand picks up, the economy is expected to rebound.

Modi govt’s Rs 2.6 lakh crore stimulus package will help India tomorrow, not today

With consumer demand at an all-time low, the Modi govt has to focus on bridging the widening gap between private consumption and public investment.

Saving India needs saving Indian federalism

A lot of India’s problems today stem from over-centralisation.

Indonesia slips to first recession in 22 years amid Covid outbreak

Indonesia's GDP shrank 3.49% from a year ago, but officials saw hope in the fact that the contraction was narrowing. Finance Minister Sri Mulyani Indrawati said the worst is over.

Global economic recovery is slowing from a bounce to a crawl

The accelerating spread of Covid across the world and the absence of a vaccine are further damping hopes of a V-shaped recovery.

Now, Australia’s GDP falls by most on record, confirms first recession in 30 years

Australia's GDP plunged 7% from first three months of the year, the first back-to-back quarterly declines since 1991, statistics bureau data showed.

Early signs of India’s economic recovery begin to wane as Covid cases surge

Latest data shows mobility suffered & high-frequency indicators from purchasing managers’ surveys to fuel sales growth plateauing in July.

This recession is different & India can bounce back much faster than in the past

The recession this time isn’t driven by inherent weakness in economies or factors like oil shocks. It’s also synchronous. This could quicken India’s recovery.

With US formally in recession, Trump’s 2020 re-election path has become trickier

The declaration of recession comes amid polls that show Trump’s standing slipping, as US reels from the pandemic, its economic impact & racial justice protests.

India to see recession due to worsening consumption, investment demand: Monetary policy panel

Michael Patra, RBI deputy governor and a member of the panel, said the ‘damage is so deep’ that India’s potential output has been pushed down, and it will take years to repair.

On Camera

YourTurn

Neeraj Chopra won Gold at Tokyo Olympics in 2021 | Photo: Suraj Singh Bisht | ThePrint

Armed forces’ ‘sports for wellness’ rule cost India. Time to bring back ‘gladiator sportsmen’

Until 1970s, Indian armed forces allowed units to spare military training for some men to help them focus only on sports. Then came the outcry to ban sports competitions.
Reserve Bank of India building in Mumbai | Photographer: Kanishka Sonthalia | Bloomberg

Exotic forex derivatives make comeback in India as RBI pushes to deepen markets

RBI allowed lenders to offer derivative products this month. Banks like ICICI Bank & Axis Bank sold barrier forex options to customers including Reliance Industries & Supreme Petrochem.

Defence

File photo of IAF drone seen flying in Leh on 18 Nov 2020 | ANI

Indian firm gets foothold in prized global ‘kamikaze’ and armed drones market

Global demand for loitering munition & armed drones saw a jump after Azerbaijan was able to defeat superior Armenian armed forces in 2020 with the help of these systems.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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