Page 25 - Economic Slowdown

Budget 2020: India Inc pitches for job creation, higher infra spending

"One of the most important issues is job creation...the most fundamental drive has to be growth with jobs," Srinivasan said

Quo vadis, Modi 2.0?

Some of the criticism is sheer hyperbole, calling the present turmoil India's second struggle for Independence

Nomura downgrades Indian equities from 'overweight' to 'neutral'

Says there are few signs of meaningful economic recovery

Recovery in economic growth may be marred by drastic expenditure cuts

The economy is required to grow by 5.2 per cent in the second half compared to 4.8 per cent in the first half to enable it to clock five per cent in the entire FY20

Slowdown impact? Job creation in FY20 down by 1.6 mn, says SBI report

Slowdown roils deal street: M&As plunge 34.4% to $67 billion in 2019

The deepening slowdown has had its impact on the deal market in 2019 with mergers and acquisitions (M&As) plummeting over 34 per cent to USD 67.1 billion but still making it the second best, on the back of the USD 6-billion ArcelorMittal takeover of Essar Steel, according to a report. As per the report by Mergermarket, M&As in 2019 was the second highest in value despite declining 34.4 per cent in 2018, which was the best-ever. But, the report is positive about 2020 as the government has eased foreign investment restrictions and plans to divest state-owned companies. The report attributes the optimism to the relaxation in the foreign direct investment policy in August, loosening the restriction on coal and lignite mining, contract manufacturing, single-brand retail, and digital media, which may bring more opportunities to foreign investors. "Overall M&As touched USD 67.1 billion across 422 deals, down 34.4 per cent in value and 3.4 per cent in volume compared to 2018 when .

Modi govt's $5-trn GDP target looks ambitious, says economist R Nagaraj

Soon after assuming office for the second term in May 2019, the Narendra Modi-led government set a target of taking the economy to USD 5 trillion over the next five years

Fiscal deficit won't matter if spending is prudent, says Pronab Sen

Terming the economic situation as 'very bad,' Sen said that post 2016-17 India's economic statistics measuring GDP growth were 'largely guess work'

Mantra to cope with stock market volatility: Understand, plan, then ignore

Investing according to your risk profile will help you stay put when the markets go down, which they inevitably will, says expert

Industrial output breaks 3-month downward streak, expands by 1.8% in Nov

The rise in IIP helped pull up cumulative growth in industrial output to 0.6 per cent in the April-November period of FY20

Economy in bad shape, 'tax terrorism' should be curbed: Subramanian Swamy

He also said that every university should have police personnel on the campus, and Jawaharlal Nehru University, which is in news for a recent incident of violence, should be closed for two years

PM meets Ambani, Tata, other biz leaders to discuss economy ahead of Budget

Richest Indian Mukesh Ambani, Tata group patriarch Ratan Tata, telecom czar Sunil Bharti Mittal, billionaire Gautam Adani, Mahindra Group chairman Anand Mahindra were among those who attended

Budget 2020: Realtors' body seeks 'bold measures' to resurrect sector

NAREDCO National President Niranjan Hiranandani told the media that the finance ministry has been apprised of the demands of the industry to meet the challenges

Pre-Budget meet: Fundamentals are strong, economy will rebound, says PM

Economists ask Modi to restore data credibility, provide stimulus

Govt must step in to encourage service providers: Aviation minister HS Puri

Speaking of privatisation in the civil aviation industry, the minister said it will help in strengthening and expanding the sector

India distracted by ideological considerations, says Nouriel Roubini

While speaking on the monetary policy-related aspects, Roubini also flagged up the issue of RBI autonomy

Hong Kong exchange chief warns of economic 'devastation' from protests

The protests have evolved over the months into a broad pro-democracy campaign, with demands for universal suffrage and an independent inquiry into complaints of police brutality

Credit supply to commercial sector slows to multi-year low of 8.1%: Sidbi

The report said lending to micro, small and medium enterprises has increased for smaller borrowing size and lower duration borrowers, it said

Auto sector hiring for manufacturing, sales, quality control roles: Study

The recruitment scenario may be grim right now but the market is gearing up for a U-turn and there is already a silver lining showing in the automobiles sector, which is actively hiring for the manufacturing, sales and quality control roles, says a study. According to TimesJobs RecruiteX, the automobiles sector noted an 8 per cent growth in talent demand in December 2019 as compared to November 2019. It further noted that the infrastructure sector posted the highest growth of 14 per cent in talent demand. "The hiring sentiment right now is hinting at the 'revival mode'. The automobiles sector is a classic example here. The sector is undergoing a major revamp in its offerings as electric vehicles and alongside it is also prepping up its personnel requirement to fit the new scheme of thing," said Sanjay Goyal, business head, TimesJobs and TechGigsaid. "In December 2019, the sector was actively looking for professionals who can make (R&D) and sell the new product lines. The ...

World Bank pegs India's FY20 GDP growth at 5% as credit weakness lingers

In the report's India section, the World Bank said tighter credit conditions in the non-banking sector are contributing to a substantial weakening of the domestic demand in the country