The Covid-19 outbreak and stringent lockdowns over the last 18 months made the Indian economy contract for the first time in more than 40 years. But despite a devastating second wave in April, the economy has since shown signs of improvement,… To read more: https://qz.com/india/2058696/the-state-of-indias-economy-18-months-into-the-pandemic/ SOURCE: QUARTZ INDIA (6)
The Evergrande Group’s Debt Issues Could Be A Drag On China’s Economy
The one-bedroom apartment was to be Penelope Wu’s retirement home, an escape from the bustle of Shanghai — or, at least, that’s how Evergrande, the Chinese property developer, painted it. To jump in line ahead of hundreds of other prospective homebuyers, Wu paid the sticker price of about $200,000 in full last year, before construction […]
Why it is safe to say India’s economic recovery is real and might accelerate
The Indian government’s economic template to deal with a Covid-19 wave has now been tested. GoI refused to enforce a national lockdown during the Read more at:https://economictimes.indiatimes.com/news/economy/indicators/why-its-safe-to-say-indias-economic-recovery-is-real-and-might-accelerate/articleshow/85929884.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst SOURCE: ECONOMIC TIMES (6)
What will form the ‘foundation’ as China moves towards overtaking the US to become the world’s biggest economy?
Described as the “foundation” that will determine China’s “strength and its future position in the world”, manufacturing is once again taking over as the main engine of economic growth that could help challenge the United States as the world’s biggest economy. Amid rising competition with both developed and developing countries, China is renewing its effort […]
India Covid: Economy sees record growth during deadly wave
India’s economy rebounded at a record rate in the three months to the end of June even as a devastating second wave of Covid-19 hit the country. Looser pandemic curbs allowed for more economic activity compared to the country’s first nationwide lockdown in 2020. Gross domestic product (GDP) grew by 20.1% for the April to […]
China Wants Manufacturing—Not the Internet—to Lead the Economy
Even as Beijing unleashes a regulatory assault against tech companies, it continues to shower subsidies and protection on manufacturers… To read more: https://www.wsj.com/articles/china-wants-manufacturingnot-the-internetto-lead-the-economy-11628078155 SOURCE: WSJ (9)
India’s economic recovery stumbles, setting stage for sustained low rates
India’s economy showed signs of cooling in June as the slow easing of localized lockdowns hurt activity, a factor likely to encourage monetary policy makers meeting next week to consider keeping interest rates at record lows to foster a durable recovery. Contractions in both manufacturing and services sectors, which contribute more than two-thirds of India’s gross domestic […]
China’s economy is still growing. But the recovery is slowing down
China’s economy is still growing, but the pace of its recovery slowed in the second quarter as the country contended with surging commodity prices and supply chain disruptions. GDPgrew 7.9% in the April-to-June quarter compared with the same period a year ago, China’s National Bureau of Statistics said Thursday… To read more: https://edition.cnn.com/2021/07/14/economy/china-q2-gdp-2021-intl-hnk/index.html SOURCE: CNN (13)
What comes next for India’s deeply scarred economy?
During the worst of the pandemic in India in recent weeks, much of whatever supply of oxygen there was for COVID-stricken patients came not from government action, as might have been expected, but rather from the efforts of private companies and nonprofit organizations. Numerous governments have let down their citizens during the crisis, but in […]
India supercharged its economy 30 years ago. Covid unraveled it in a matter of months
Thirty years ago, on a summer evening in late July, India liberalized its Soviet-style economy in a transformation that eventually pulled about 300 million out of poverty, fueling one of the biggest wealth creations in history. Then came the world’s fastest coronavirus surge which left overflowing hospitals turning away the dying and crematorium smoke Read […]