In 2018, India's household debt-to-GDP was at 11%, versus 76% in the U.S. and 54% in China, according to International Monetary Fund data.
World GDP growth will be less than three per cent, and even with revised estimates, India's GDP growth will be more than the global average, says Hari Mohan Bangur
From lessons the years of slowing growth hold for Budget to how a takeover code for unlisted companies will help, here's a selection of Business Standard Opinion.
Markets to open for regular trading on February 1
Firm trading at 19x its FY21 earnings, with peers trading at 35-45x
The persisting downturn is resulting in lower revenues and rising deficit, reducing the space for a fiscal stimulus
The slump in consumption has hit the rural sector hard
India will go through a tug of war on the economy, resolution of bad loans, and health of non-banking financing companies (NBFC), S&P said
During the six-day-long event, automakers have planned 10 global launches, 26 India specific launches, six concept vehicles, seven facelifts and 21 vehicle unveilings (just displays)
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
But confidence in global economic growth reached lowest levels since 2008 financial crash
At a recent exhibition and conference organised by an infrastructure firm in Noida, there was a special programme even before the formal launch event
Conserve cash and maintain a steady cash flow to survive this economic slowdown
"There are no large deals which have gone by the wayside and we have gained market share," says TCS CFO V Ramakrishnan
Rahul Mukherji discusses contemporary political issues with Business Standard
The World Economic Situation and Prospects 2020 report has also lowered GDP growth estimate for India
The government has been quick to respond to the slowdown
BNP Paribas has set a target of 44,500 for the S&P BSE Sensex, a bellwether index
Honda Motorcycle & Scooter India on Wednesday said it does not see any revival in the automobile sector in the near term. The automobile sector recorded its worst-ever sales decline in two decades in 2019. Speaking after the launch of company's third BS-VI compliant product, the 110-cc Activa 6G scooter, Hero Motorcycle & Scooter India (HMSI) Senior Vice President for Sales and Marketing Y S Guleria said he was not very hopeful of the government giving any concession to the industry on GST rates. "If it happens, definitely it will help from customer point of view," he added. "In near future we do not see any positive revival coming in the market, and after sometime in the long term...But for next two quarters, we are not that upbeat because there is a transition which is going to happen from April 1," Guleria said referring to the BS-VI emission norms becoming mandatory. There will be some time lag and that will also shift the demand, he said, adding Honda is also trying to ...
Massive purchases by central banks have been another driver of demand for the yellow metal