Page 17 - Economic Slowdown

Coronavirus crisis: Lockdown batters India's already slowing economy

Some of the leading indicators only tell the magnitude of its impact

India coronavirus dispatch: A few notes on restarting the economy

From the impact on urban poor, to miles between relief and reality, and how India should not lapse into 'permit raj' after the lockdown - read these and more in today's India digest

Fear factor, again

Industry right to question definition of negligence in Covid cases

RBI to buy and sell Rs 10,000 cr in bonds to manage its balance sheet

According to the latest available figures, the Reserve Bank of India had about Rs 9 trillion worth of bonds on its books

India's GDP growth may dip below 1% in 'slowdown turbulence', says CII

The Confederation of Indian Industry (CII) in a paper - A plan for economic recovery - has laid out its growth expectation under three os and suggested "urgent" fiscal interventions

Covid-19 impact: Fitch slashes India's GDP forecast to below 1% for FY21

Mexico, Brazil, Russia, South Africa and Turkey have all seen big GDP forecast adjustments

Policy dilemma: Is the Covid-19 pandemic a demand or supply shock?

In the absence of clarity about the impact of this crisis on demand and supply, any measure undertaken presents the possibility of proving to be eminently wrong when clarity eventually emerges

Why the current scenario demands a mid-year economic review on priority

Impact of over-leveraging by companies on the banking sector and disruption caused by Covid-19 make for extremely unpredictable times

Covid-19 impact may drive firms to think 'workforce optimisation': Survey

57 per cent of organisations in India expect a "moderate-to-large" negative impact on their business in the next six months, says Wills Towers Watson survey

Policy measures may not offset Covid-19 economic damage in APAC: Moody's

Though Asia's external & fiscal buffers are generally more robust than those in other regions, equipping governments with more policy space, their policy responses will only cushion some of the impact

Coronavirus outbreak: India Inc asks RBI for one-time loan recast

Analysts have already predicted that due to the lockdown, India's economic loss will be close to $ 234.4 billion or 8.1% of GDP

Covid-19: Fitch cuts India's FY21 GDP growth forecast to 1.8% from 4.6%

Fitch Solutions also anticipated a deeper contraction in fixed investments as businesses choose to cut back on capital expenditure to conserve cash amid elevated economic uncertainty

Why India needs a formal economy

Informal workers who migrate and send remittances allow families to eke out a living. However, forced isolation will see them struggling to survive as the economy staggers to a standstill

Improve infra to become part of global supply chains: IMF's Ranil Salgado

The economic impact of Covid-19 is expected to be substantial, but recovery should take hold once the virus has been contained, says Salgado

Needed: A National Renewal Fund

A 50-year National Renewal Fund of Rs 30 trillion or 15 per cent of GDP needs to be structured immediately

Barclays pegs economic cost of lockdown at $234 bn; sees no growth in 2020

Barclays has revised down their GDP growth forecast further to 0 per cent for calendar year 2020 (CY20) from 2.5 per cent earlier

Covid-19: PM Narendra Modi extends world's biggest lockdown till May 3

The fight against coronavirus was still on, said PM Narendra Modi in his address to the nation and warned that the coming week would see more strict action to contain the damage

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate

Covid-19 pandemic a big blow for auto-component SMEs: CRISIL SME Tracker

The nationwide lockdown imposed till April 14 has brought production to a standstill, and will hurt even more if it is extended.

Coronavirus lockdown may have cost Indian economy Rs 7-8 trillion

Prime Minister Modi is likely to detail the post-lockdown scenario in an address to the nation on Tuesday morning