Page 22 - Economic Recovery

Commercial bank credit to midsize firms up 27.9%, shows RBI data

Bankers said the economic recovery has begun to translate into a rise in demand for loans.

Logitech sees pandemic-driven growth continuing, hikes 2021 guidance

The firm issued a 2022 forecast, saying growth trends in remote work, video collaboration, esports and digital content creation would continue beyond the 2021 boom

Indian biggest fuel retailers gearing up for rural-led economic rebound

The increasing economic importance of India's hinterlands is influencing business expansion plans and accelerating a trend of more service stations being opened in the countryside

Markets on tenterhooks as inflation fears overtake recovery hopes

Trajectory would hinge on Street's perceived inflation forecasts

There's no such thing as self-reliance

For sustained growth India needs to use foreign capital and foreign know-how to produce goods that it sells in foreign markets. What's self-reliant in that?

Road to recovery

Hopeful signs in data, but medium-term outlook uncertain

Ind-Ra upgrades fiscal year 2021 credit growth estimates to 6.9%

Improved economic environment in 2H FY21 helped

GDP grows 0.4% in Q3 after shrinking for two quarters, may fall in Q4: NSO

Imputed Q4 GDP seen falling 1.1%; Services to catch up with mfg; Tall growth of 30% in govt spending needed; Investments better than expected, show revised numbers

India's April-Jan fiscal deficit hits 66.8% of full-year target

The federal fiscal deficit in the 10 months to end-January stood at 12.34 trillion rupees ($167 billion)

PM asks banks to come out with innovative products for startups, fintech

Modi on Friday stressed on increasing credit to businesses to meet the needs of a fast reflating economy

Need to increase credit flow to businesses as economy grows: Modi

The PM stressed on increasing credit flow to businesses to meet the needs of a fast reflating economy

India's economy probably resumed growing last quarter post-2020 recession

The forecasts ranged from a contraction of 4.7% to growth of 2.6%. India is set to announce GDP data for the December period on Friday

Is India's economic recovery V-shaped? All eyes on GDP data today

The economy contracted at an unprecedented 23.9 per cent in the first quarter (Q1) of FY21 and 7.5 per cent in Q2

Moody's projects 13.7% growth in FY22, expects 7% contraction this fiscal

Moody's on Thursday upped India's growth projection for the next financial year beginning April 1

Best of BS Opinion: Strengthening recovery, India's marine resources & more

Here's a selection of Business Standard opinion pieces for the day

Japan's Suzuki Motor bets big on India for its record sales target

Intends to sell 3.7 mn units globally by 2025, with 67% contribution from Asia

Strengthening recovery

Corporate sales must rise to maintain the momentum

India's economic recovery to cut bank stress, but Covid hit to be felt: S&P

While the Indian economy is on a mend, the permanent GDP loss stemming from the brunt of the coronavirus is huge at 10 per cent

Hong Kong to spend $15.4 billion to stabilise Covid-ravaged economy

The budget for 2021 "aims to alleviate the hardship and pressure caused by the economic downturn and the epidemic," Chan said

Indian media, entertainment to see 27% revenue growth in FY22: Crisil

Indian media and entertainment (M&E) sector is expected to witness a strong 27 per cent growth in revenue to around Rs 1.37 lakh crore in 2021-22, after contracting 26 per cent this fiscal, according to ratings agency Crisil. Segments such as digital and television (TV) will have relatively shorter time to bounce-back to pre-pandemic levels while print, films, outdoor, and radio would take longer. Crisil Ratings Ltd Director Nitesh Jain said advertisement and subscription revenues contribute nearly equally to the overall M&E sector's topline, but since the former correlates strongly with economic growth, the pandemic has had a bigger impact on it. "Next fiscal, with strong economic rebound on the cards, ad revenue should grow 31 per cent on-year and subscription revenue around 24 per cent," Jain added. The TV segment contributing around half of the sector's topline has recovered fully and will report healthy growth next fiscal. Ad revenue saw a sharp contraction initially, ..