Page 8 - Economic Slowdown

States' indebtedness may soar 36% to Rs 68 trn this year: Report

The report is based on the state of finances of the top-18 states, including Goa and excluding Delhi, which account for 90per cent of the aggregate gross state domestic product

Garment exporters rejoice as US-China trade war proves to be silver lining

The Sino-US trade war has offset the pandemic-induced slowdown

While US, Europe rebound, India yet to find firm ground as economy shrinks

The new figures firmly ensconced India's position among the world's worst-performing major economies, despite expansive government spending designed to rescue the thousands of small businesses

Long road to recovery

Q2 numbers encouraging, but outlook is still fairly uncertain

ADB approves $300 mn policy-based loan to cash-strapped Pakistan

Pakistan has been facing the dilemma of rise and fall in the export growth showing underperformance of its export industry.

GDP data: Contraction can be ignored, but pre-Covid declining trend irksome

While the country is now technically in a recession with two successive quarters of negative growth, it should not be worrisome as this is the case across the globe with China being the only exception

India's fiscal deficit stands at 120% of annual target at October-end

The deficit widened mainly on account of poor revenue realisation.

Indian economy shrinks for second quarter in a row, shows signs of pick-up

The economy contracted 7.5% in the July-September quarter

Expert views on India's economy shrinking 7.5% in July-Sept quarter

The read-out for the September quarter was better than the 8.8% contraction forecast of analysts in a Reuters poll.

Credit-rating cuts for companies slow down as Indian economy perks up

Economic data suggests that Asia's third-biggest economy is recovering, albeit unevenly, after it shrank a record 24% in the three months to June 30

Concern being replaced by optimism as economy shows signs of recovery

The improvements are expected to continue, with some analysts seeing the country returning to growth as soon as this quarter

Indian economy probably picked up in Q2 as hopes grow for vaccine: Poll

Economists in a Reuters poll forecast gross domestic product in Asia's third largest economy to shrink 8.8% in the September quarter

Top headlines: GDP to fall, everyday items may get expensive, more

Household appliances like washing machines, refrigerators, television sets and air conditioners will get expensive by at least 3-5%

50% tech startups expect pre-Covid level revenue in six months' time

Revenue acceleration and funding has improved the cash availability with startups

Did festival demand revive Indian economy's animal spirits in October?

Demand during the festival season helped boost three of the eight high-frequency indicators

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

Airlines on course to lose $157 billion amid worsening slump: IATA

The bleak outlook underscores challenges still facing the sector despite upbeat news on development of COVID-19 vaccines, whose global deployment will continue throughout next year.

Singapore's economy to return to growth in 2021 after worst slump

Analysts expected a 5.4% contraction, according to the median of 10 forecasts

Why the govt's economic package cannot be classified as stimulus

Real stimulus would be to tax people less because spending is as much about feeling good, as it is about having the money and depressed people don't go out shopping

Indian economy may be recovering faster than anticipated: Oxford Economics

The Indian economy is seen recovering faster than expected and the Reserve Bank is likely to have come to an end of the rate easing cycle, according to global forecasting firm Oxford Economics