Page 33 - Economic Recovery

FSDC meeting on Tuesday; to take stock of economy, financial sector

The meeting also comes ahead of the Union Budget for the next financial year

PM Modi to address India Inc at Assocham Foundation Week event on Dec 19

The week-long programme beginning on Tuesday has been broken down into sub-themes such as transforming Indian agriculture and the food value chain

Retail inflation declines to 6.93% in Nov on softer food prices

Retail inflation based on the Consumer Price Index (CPI) stood at 7.61 per cent in October

V-shaped recovery of economic activity continued in Oct: CEA Subramanian

Chief Economic Adviser K V Subramanian on Saturday said V-shaped recovery of economic activity continued in October and both factory output and core sector growth have inched up to the pre-COVID level. The Index of Industrial Production (IIP) rose 3.6 per cent in October, mainly due to better performance of manufacturing and electricity generation sectors. The manufacturing sector, which has a weightage of 77.6 per cent in the IIP, recorded a growth of 3.5 per cent in October. In the year-ago period, the sector had a contraction of 5.7 per cent, according to data released by National Statistical Office (NSO) on Friday. "V-shaped recovery of economic activity continued in Oct... IIP & eight-core index further inched up to pre-COVID levels. The broad-base recovery in IIP resulted in a growth of 3.6 per cent in October 2020 as compared to a contraction of 6.6 per cent in Oct-19," he said in a series of tweets. Growth in IIP and eight core industries is on the back of broad-based ...

Indian economy emerging stronger after Covid-19: SoftBank India head Kohli

The key sectors that will drive growth are infrastructure, manufacturing, healthcare, education and insurance, Kohli added

Industrial production up 3.6% in Oct as manufacturing, power revive

The IIP had contracted by 6.6 per cent in October 2019

Asia's unequal recovery sounds warning bells for global economic rebound

Asia is an important barometer for the world economy because it accounted for more than two-thirds of global growth in 2019 and is home to a majority of those between the ages of 15-24

ADB cuts India's FY21 contraction forecast to 8% on back of faster recovery

The economy contracted by 23.9 per cent in June quarter of the current fiscal on account of the impact of the coronavirus pandemic

Recovery tracker: Signs of uptick as power, rail freight pick up steam

Power generation was up four per cent on average on year-on-year basis during the week ended December 7, indicating a rise in energy demand from the commercial and household sector

Airlines see 'oasis' in entertainment, energy sectors during pandemic

Most companies have slashed spending on corporate travel, leaving airlines without a crucial source of revenue. Business traffic remains at least 85% down on pre-crisis levels.

RBI's status quo on policy rates to aid economic recovery: Experts

India Inc and experts on Friday said the RBI's decision to hold interest rates will support economic recovery in the aftermath of the Covid-19 pandemic.

After manufacturing, services loses steam in Nov on weak demand: PMI

India's manufacturing recovery also faltered last month as coronavirus fears weighed on demand and output

Mid-year review of economy: Some signs of recovery amid the hurdles

Lack of private investments, muted demand and a spike in Covid numbers may spoil the show

India Inc sees a faster return to pre-Covid profits than other countries

A majority of Indian businesses intend to increase financial investment in their business over the next year, notably higher than the global average.

On the road to V-shaped economic recovery, where does India stand

While the economy performed better than expected, it has a long road ahead when compared to other countries

FMCG industry sees signs of recovery in September quarter: Nielsen

Rural areas continued to drive growth for the FMCG sector.

Gold drops to 4-month low on Covid vaccine hope, signs of economic recovery

Gold prices have posted two straight weekly declines and hol­dings in exchange-traded funds backed by the metal have slipped as hopes for a virus vaccine buo­yed markets

Uncertain times for India

Strategic and economic risks have risen to unprecedented levels

Pent-up demand behind improved economic activity, may not sustain: Icra

The pick up in economic activity in October is the result of pent-up demand and may not sustain going ahead, domestic ratings agency Icra said on Tuesday. Multiple fast-paced indicators, including GST collections, have been showing a sharp recovery since October, which has also led many analysts to revise their overall GDP forecasts for the fiscal. "We caution that the spikes in production seen in the various sectors in October 2020, are an exaggeration of the true recovery on the ground, as they have been driven by a large component of pent-up demand that may not sustain after the festive period is over," the agency's Principal Economist Aditi Nayar said. The factors which remain to be watched are the pace of government spending in the second half of the fiscal, after the unexpected contraction recorded in the September quarter, she added. The potential re-imposition of restrictions in one or more states on account of a fresh surge in CVID-19 infections, may temper the momentum of

Wall Street opens higher as Covid-19 vaccine progress fuels recovery hopes

The Dow Jones Industrial Average rose 69.34 points, or 0.24%, at the open to 29,332.82