Page 13 - Economic Slowdown

Economic recovery to gather pace in H2-2020; stay negative on India: Nomura

While collectively, emerging market economies have entered their deepest recession in at least 60 years, Asia - particularly China and Northeast Asia - stand out as the best, Nomura says

Traditional Indian firms will fare well

The economy of relationships works differently from the economy of contracts

FDI norms to be eased further, other economic reforms in pipeline: Goyal

The minister said that new industrial policy and forest policy would be brought out soon, along with further forms in the mining sector

Covid-19 effect: Air India withdraws job offers for 180 trainee cabin crew

Air India says it's 'discontinuing with training arrangement' because of the troubles in the aviation sector

India's GDP likely to contract by 6.4% in FY21, says Care Ratings

The rating agency, in May, had projected a decline in GDP growth of 1.5-1.6 per cent in FY21.

Slowdown: Chhattisgarh bucks trend with rise in GST receipts, vehicle sales

State govt credits revival to putting more money in people's pockets

IIT Delhi breaks previous years' record of campus placements amid pandemic

Earlier, IIT-Delhi had to re-conduct the second phase of its placement drive as several companies rescinded their offers

Covid-19, economic 'comorbidities' put India's progress since 1991 at risk

By the time the debris of this economic earthquake settles, it may have buried the progress India has made since 1991

FMCG firms bring jobs to small towns as markets show signs of revival

In contrast, auto companies and their dealers have not been that bullish with hiring, despite tractor sales increasing in May

It's not the lockdown but enabling of a false theory, says Rajiv Bajaj

Bajaj, who has been vocal about the perils of lockdown, says the states shouldn't repeat the mistakes with more of it

SBI sanctions Rs 20,000 cr loans to MSMEs under credit guarantee scheme

SBI's SME loan portfolio shrunk by 7.27 per cent to Rs 2.67 trillion in March 2020 from Rs 2.88 trillion in March 2019

Indian economy in deep trouble; growth may contract 5% this year: S&P

S&P Global Ratings on Thursday said Indian economy is in deep trouble with growth expected to contract by 5 per cent this fiscal. "India's economy is in deep trouble. Difficulties in containing the virus, an anemic policy response, and underlying vulnerabilities, especially across the financial sector, are leading us to expect growth to fall by 5 per cent this fiscal year before rebounding in 2021," S&P said in a report. In its report titled 'Asia-Pacific losses near USD 3 trillion as balance sheet recession looms', S&P projected the region's economy to shrink by 1.3 per cent in 2020, but grow by 6.9 per cent in 2021. This implies a loss nearing USD 3 trillion output over these two years. "Asia-Pacific has shown some success in containing COVID-19 and, by and large, responded with effective macroeconomic policies," said Shaun Roache, chief economist for Asia-Pacific at S&P Global Ratings. "This can help cushion the blow and provide a bridge to the recovery. The ...

Retailers in Tier-II, III towns expect recovery in 9 months: Motilal Oswal

More than 80% stores of regional retailers have opened in smaller towns after the relaxations in Covid-19 lockdown, with footfalls at 50-60%, Motilal Oswal Financial Services has said

We're past the worst, but recovery will be uneven, ECB's Lagarde says

The euro zone is "probably past" the worst of the economic crisis caused by the coronavirus pandemic, but the recovery will be uneven, European Central Bank President Christine Lagarde said on Friday

RBI's moratorium helps public sector banks post lower NPAs in Q4

On aggregate basis, gross NPAs of 8 PSBs improve by 132 bps

The question of structural growth

As global investors rethink their India exposure, they should focus on the economy's long-term direction

Tractor makers buck the slowdown, expect volumes to increase 5-10%

Prospects of a normal monsoon and an expanded government food programme are helping in a modest recovery

Textile demand may decline 25-35% in FY21 due to slowdown: Report

The demand of yarn, fabric and apparels is set to remain muted throughout first half of the financial year 2020-21

India will reduce imports, turn Covid-19 crisis into opportunity: PM Modi

The Prime Minister also highlighted that India does not export coal but is the world's second-largest coal-importer

Fitch revises India's rating: A third view which is different yet again?

Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects