Stock markets generally discount an outcome a few months in advance. They might have seen the bottom in March, unless a more ferocious second wave results in a fresh lockdown, writes Ambareesh Baliga
Variation between revised and final Budget numbers has grown
Weekly economic indicators show a rise in economic activity in days leading up government announcing easing coronavirus lockdown
Manufacturing is weakening, as is the job-generating construction sector
GDP data shows virus hit an already weakened economy
However on the extreme ends, Bernstein pegged fall in the gross domestic product (GDP) at 7 per cent and Asian Development Bank projected GDP growth at 4 per cent
According to Subbarao, the country is going to face its worst recession in the current financial year
State governments were already faced with a lower-than-budgeted share in central taxes and subdued own revenue growth, when the 21 days economic lockdown was imposed from March 25
Maharashtra can expect to get additional funding from the increased allocation of Rs 40,000 crore to the Mahatma Gandhi National Rural Employment Guarantee Act announced by the Centre
Global investors derate India as we avoid second generation reforms
With GDP growth seen shrinking, funds likely to chase stocks with high growth forecast
So, while we have achieved some success on the health front, are the steps taken to revive the economy adequate?
Our economy reflects a slide back to the Licence Raj. Realising our potential requires that we squash bureaucratic control
Govt seems to be preserving some firepower
Nirmala Sitharaman tells Indivjal Dhasmana & Nivedita Mookerji that the government has made sure that mistakes committed during 2008-2013 are not repeated while announcing the Rs 20-trillion package.
Growth holds the key to the government's fiscal deficit slippage
The need of the hour is a rehabilitation programme for those trapped in destitution or near-bankruptcy by the lockdown
During pandemic, Centre must not constrain states
If the revival package doesn't work, high stock market valuations cannot be sustained
The assurance given by the finance minister that benefits given to MSMEs will not be withdrawn if they grow in size may solve this problem to an extent