Page 26 - Economic Recovery

Hit hard by Covid-19 lockdown, economy on firm path of fragile recovery

Though the first case of Covid was detected at the end of January last year, the impact on the economy began to be felt towards the end of March, when the first nationwide lockdown was announced

Revival of animal spirits with 11% growth rate in FY22: CEA Subramanian

Subramanian, the lead author of the Economic Survey, also made a case for strong counter-cyclical measures to encourage private investment

Major economic legislations to be considered during Budget Session

The Centre has lined up an intensive legislative agenda with over 20 bills for the Budget Session of Parliament

Best of BS Opinion: Budget for the victims, the Wall Street game, and more

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

Economic Survey defends lockdown strategy to fight Covid-19 pandemic

To implement its strategy, India imposed the most stringent lockdown at the very onset of the pandemic

A missed opportunity: Eco Survey fails to address the problem of employment

The Survey concludes that the lockdown was a critical instrument in flattening the curve and saving lives

A call to print more money: Economic Survey sees a 'V-shaped recovery'

Forget fiscal conservatism, turn on the fiscal taps, and ignore debt build-up, says Survey

Stronger vaccination drive need to revive economy, create jobs: Nilekani

To achieve scale, one has to vaccinate 5-10 million people a day and this would need strong cooperation between govt and private sector, he says

Economy to witness 'V-shaped' rebound with 11% growth in FY22: Eco Survey

The rebound will follow an estimated 7.7 per cent contraction in the Gross Domestic Product (GDP) in the current financial year ending March 31

Eco Survey reaffirms worst behind; but govt support needed: Industry

The Economic Survey reaffirms that the worst is behind us and the economy would bounce back with a V-shaped recovery, India Inc said

India likely to post current account surplus after 17 years: Survey

India is likely to post a current account surplus after a gap of 17 years, the survey said

Calibrated response to Covid leaves room for more fiscal measures: Survey

Government of India and Reserve Bank of India (RBI) together announced a total stimulus worth Rs 29.87 trillion, which is 15 per cent of national GDP, the Survey said

Retail inflation for industrial workers eases to 3.67% in December

Retail inflation for industrial workers eased to 3.67 per cent in December 2020 against 9.63 per cent in the same month of last year due to lower prices of certain food items. Retail inflation measured in terms of all-India Consumer Price Index for Industrial Workers (CPI-IW) was 5.27 per cent in November 2020, a labour ministry statement said. Food inflation for industrial workers stood at 2.89 per cent against 7.48 per cent in the previous month and 12.22 per cent during the corresponding month a year ago. All-India CPI-IW for December decreased by 1.1 points and stood at 118.8. On one-month percentage change, it decreased by (-) 0.92 per cent between November and December, 2020 compared to (+) 0.61 per cent increase between corresponding months of the previous year. The maximum downward pressure in current index came from Food & Beverages group contributing (-) 1.53 percentage points to the total change. At centre level, Ramgarh recorded the maximum decrease of 6 points. Among

Weak demand for diesel signals a slow rebound for industrial India

The annual growth rate for diesel consumption won't get back to pre-virus levels until the year ended March 2022, said Mukesh Kumar Surana, chairman of Hindustan Petroleum Corp.

Any new tax in budget could hurt India's recovery, warn economists

A so-called Covid cess shouldn't be announced because the economy is still normalising after a strict and vast lockdown, Sonal Varma, an economist at Nomura Holdings, said on Thursday

Govt's Budget 2021 aiming to revive economy with limited fiscal headroom

The sources said the government was also likely to project a tax revenue increase of 18-20%, aided by the lower base of the current year and an expected economic turnaround

Good economics is good politics, this Budget will be game changer: BJP

BJP said the Budget will usher in a new era of economic growth in the country

K M Birla's firm bets on India's economic recovery, revives investments

As the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels, the billionaire said

US Fed keeps interest rates near zero amid slow economic recovery

The path of the economy continues to depend significantly on the course of the virus

Budget with a long-term view

Govt can approach the Budget 2021 with an aim to rebuild the economy to attain the long-term objective of sustained higher growth