Page 9 - Economic Slowdown
With technical recession over, is it all well for Indian economy? Not quite
The trouble is with demand. Firms are protecting operating profit - or preventing losses - by pruning jobs and cutting pay
 "With technical recession over, is it all well for Indian economy? Not quite")
With technical recession over, is it all well for Indian economy? Not quite
The trouble is with demand. Firms are protecting operating profit - or preventing losses - by pruning jobs and cutting pay
 "With technical recession over, is it all well for Indian economy? Not quite")
Maruti expands lead over rivals with 51% share, best ever sales in October
Shift towards petrol, entry-level vehicles and robust distribution in rural areas helps company to maintain pole position
 "Maruti expands lead over rivals with 51% share, best ever sales in October")
Farmers to the rescue: India pins hope of economic revival on rural sector
The adverse impact of the world's strictest lockdown in March continues to haunt, but the hinterland is holding out hope
 "Farmers to the rescue: India pins hope of economic revival on rural sector")
Factory output hits decade high in October as demand bounces back: PMI
The Nikkei Manufacturing Purchasing Managers' Index rose to 58.9 in October from September's 56.8
 "Factory output hits decade high in October as demand bounces back: PMI")
Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao
Even before the pandemic struck, India's financial sector was going through tough times
 "Bad debt will hinder India's economic recovery: Ex-RBI Guv Subbarao")
GST collections cross Rs 1 trillion in October for first time in 8 months
Mop up grows 10% y-o-y at Rs 1.05 trillion, almost equal to levels in February before a nationwide lockdown to contain the coronavirus pandemic
 "GST collections cross Rs 1 trillion in October for first time in 8 months")
MEA likely to brief foreign envoys on India's Covid-19 response next week
The Ministry of External Affairs might brief foreign envoys and diplomats on Nov 6 on India's response to Covid-19 as well as its road map to recover from the pandemic's economic impact
 "MEA likely to brief foreign envoys on India's Covid-19 response next week")
UK firms say India has become easier for business, want solution to tax row
Annual report on UK companies says retrospective amendment to India's Income Tax Act is a dampener.
 "UK firms say India has become easier for business, want solution to tax row")
China's domestic jet fuel demand back to near pre-coronavirus levels
Domestic aviation fuel sales amounted to about 2 million tonnes (523,300 barrels per day) last month
 "China's domestic jet fuel demand back to near pre-coronavirus levels")
As demand picks steam in Sep, Indian economy's animal spirits soar
Economists, including those at the Reserve Bank of India, attributed the recovery to pent-up demand after a strict lockdown imposed in March to contain the coronavirus outbreak
 "As demand picks steam in Sep, Indian economy's animal spirits soar")
States will need years to recover from 'scissor effect' of Covid: RBI
Phenomenon refers to loss of revenues due to demand slowdown, coupled with higher expenditure associated with pandemic, may push the states to great strife
 "States will need years to recover from 'scissor effect' of Covid: RBI")
India economy on verge of slow recovery as worst is over, says PHDCCI
The PHDCCI drew the conclusions based on its analysis of 25 high-frequency economic indicators which point out that there has been a pickup in business normalization
 "India economy on verge of slow recovery as worst is over, says PHDCCI")
Indian economy set for a near double-digit contraction this fiscal: Poll
With over 7.6 million coronavirus infections, India is the second worst hit country in the world after the United States and the spread shows no signs of abating
 "Indian economy set for a near double-digit contraction this fiscal: Poll")
Asian stocks gain on US economic stimulus package hope, yuan surges
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.56%. Australian stocks edged up by 0.1%, while shares in China rose 0.07%. Tokyo shares gained 0.4%
 "Asian stocks gain on US economic stimulus package hope, yuan surges")
How will Modi govt handle revenue deficit without raising income-tax?
Next year's Budget will reflect many difficulties sprung by the coronavirus pandemic and many countries' currency-printing spree to keep employment high
This year's Dussehra fails to bring cheer to Ravana makers of Delhi's Tatarpur
The year 2020 has been an unusual one, given the severe coronavirus health crisis facing the entire world
 "This year's Dussehra fails to bring cheer to Ravana makers of Delhi's Tatarpur")
Going, going, gone: Covid boosts online art auctions despite slowdown
There is never a bad time to buy art -- or sell it -- even if the economy is floundering and even when there is a pandemic
 "Going, going, gone: Covid boosts online art auctions despite slowdown")
Don't bet just yet on Bangladesh as South Asia's economic champion
Bangladesh might overtake India this year by per capita income in nominal dollars, but it is not yet close to becoming South Asia's economic powerhouse anytime soon. T N Ninan explains why
World experiencing worst recessions since Great Depression due to Covid: WB
World Bank President David Malpass said that given the extent of the economic contraction, there was a rising risk of disruptive debt crises in countries
 "World experiencing worst recessions since Great Depression due to Covid: WB")
