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India’s economy seen clawing back after slipping into recession

Concern about the depth of India’s recession is slowly being replaced by optimism that a recovery is taking hold. A slew of indicators from car sales to services sector activity notched higher last month, while alternative data signal robust demand in an economy that’s primarily driven by domestic consumption… To read more: https://www.hindustantimes.com/business-news/india-s-economy-seen-clawing-back-after-slipping-into-recession/story-B0y5ZziUGqOuMONCxP42IK.html SOURCE: HINDUSTAN […]

Why have Goldman Sachs and Morgan Stanley suddenly become optimistic about India?

Just two months ago, a host of global economic experts shared an extremely pessimistic outlook for the future prospects of the Indian economy. There were worries about the risks arising from the coronavirus lockdowns and the government’s limited ability to fire up the dwindling economy due to fiscal constraints… To read more: https://qz.com/india/1934257/goldman-sachs-morgan-stanley-bullish-on-indian-economy-sensex/ SOURCE: QUARTZ INDIA (3)

Indian economy to struggle with effects of virus through 2025

India will be worst-affected among the world’s major economies even after the pandemic wanes, with output 12% below pre-virus levels through middle of the decade, according to Oxford Economics Balance sheet stress that had been building before the coronavirus outbreak will probably worsen… To read more: https://timesofindia.indiatimes.com/business/india-business/indian-economy-to-struggle-with-effects-of-virus-through-2025-report/articleshow/79304753.cms SOURCE: TIMES OF INDIA (6)

Goldman Sachs Raises India GDP Forecast For 2020-21

Goldman Sachs has revised India’s GDP forecast for the ongoing financial year as the global investment bank expects economic activity in Asia’s third-largest economy to normalise faster than estimated, provided an effective Covid-19 vaccine is available. The global financial services provider expects India’s gross domestic product to contract 10.3% in 2020-21 against a contraction of […]

India-China Role in Nepal‘s Railway Infrastructure

By Charles F Moreira, Editor I attended the 9th Asia-Pacific Regional Conference on Solidarity with Cuba in Kathmandu, Nepal on 26 and 27 July 2019, and during our tour of Kathmandu and the Chandragiri Hills resort on the second day, I asked a member of the organising committee, also a Central Committee member of the […]

India to regulate online news and social media sites

India’s government has issued an order bringing the regulation of online news portals and content providers such as Netflix under the authority of the Ministry of Information and Broadcasting in a first step to regulate digital media. News on social media platforms such as Facebook, Twitter and Instagram will also come under the ministry, as […]

India can double its manufacturing GDP if it manages to unlock potential of value chains

As everyone seems to be focussing on the disruption brought in by Covid pandemic, India could be sitting on a $300 billion opportunity and could actually double its manufacturing gross domestic product in next few years, McKinsey said. Read more at:https://economictimes.indiatimes.com/news/economy/indicators/india-can-double-its-manufacturing-gdp-if-it-manages-to-unlock-potential-of-value-chains-mckinsey/articleshow/79122011.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst SOURCE: ECONOMIC TIMES (7)

Indian economy sees uptick, auto sector shifts into higher gear

After months of locked down growth, the Indian economy is beginning to see signs of a turnaround. The bellwether automobile sector is picking up speed towards ‘Achche Din’. Homegrown auto major Tata Motors reported a sales growth of almost 80 per cent in October this year compared to the same month last year. At over […]

State of economy: Why it’s best to reserve conclusion

Most institutional and private forecasts expect the Indian economy to contract at a double-digit rate in the current fiscal year. This, despite the fact that the economy has been showing a sequential (month on month) improvement compared to the situation when it was locked down. However, some high frequency economic indicators suggest that not only […]

India’s strategy of dealing with COVID-19 paid off, economy set to bounce back: Ficci

Ficci President Sangita Reddy on Sunday said India’s strategy of dealing with the COVID-19 crisis has paid off and the country’s economy is set to bounce back and emerge stronger. She said it was time to take bold actions and push the growth agenda vigorously. Read more at:https://economictimes.indiatimes.com/news/economy/policy/indias-strategy-of-dealing-with-covid-19-paid-off-economy-set-to-bounce-back-ficci/articleshow/78982332.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst (2)

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