India’s worrying growth statistics and what they mean for the future
If the current issues are left unaddressed, the elongated slowdown can quickly convert into a premature "middle-income trap" where economies like Brazil, Thailand and Malaysia currently find themselves. It would be premature because India is still far behind the income levels that those countries managed to achieve during their high-growth years.
HDFC Bank, the most valuable Indian lender, sees signs of revival in rural areas
For HDFC Bank, the weaker economy had led to a slump in loan...
Intensity of slowdown in certain pockets is surprising: R. Gopalakrishnan, Principal Mutual Fund
While in the near term, consumption is unlik...
Well-stocked rural kiranas see fewer footfalls amid slowdown
A slump in rural FMCG sales has pulled down the overall industry growth.
RBI says govt’s counter-cyclical measures beginning to play out
Budget will provide greater clarity about the further measures taken by the govt, says Das.
ETILC members hold out hope amid slowdown
There is also uncertainty caused by poor capital formation. The banks are flush with funds but are risk averse. Credit growth has fallen to 2.7% for industry, the lowest in 12 months. And for services, after clocking over 20% between April 2018 and February 2019, it has plummeted to 7.3% , the lowest in 24 months.
IITs see flood of early offers in slowdown season
Pre-placement offers at IITs — both old and new — including those at Mumbai, Kharagpur, Guwahati, Hyderabad and Gandhinagar for the class of 2020, have beaten last year’s corresponding numbers by 19-24%, according to institute placement cells. At some of these IITs, even more offers are expected in the coming week in the run-up to final placements.
M&A beat super-busy amid India slowdown: Salil Pitale
Salil Pitale, JMD & Co-CEO of Axis Capital, says the government reforms will take some time to translate into action. In an interview with S...
Worried about economic slowdown? Here is your survival kit
The possibility of getting a pink slip is very high during slowdowns, especially if you are employed in one of those vulnerable sectors.
Rahul Gandhi takes dig at Modi, Shah over economic slowdown
Speaking on India’s economic situation, Congress leader Rahul Gandhi slammed Prime Minister Narendra Modi for dip in GDP. “Amit Shah and Nar...
India's economy to grow at 4.3% in Q4 2019 : Nomura
Nomura also believes that the first quarter of 2020 will see a "weak" uptick in GDP growth at 4.7 per cent.
Slowdown has JSW pushing IPO plans for cement unit by a year
JSW Cement had initially planned to hit the market with an initial public offer on reaching the 20 mt annual capacity by 2020, which it now says will take a year to achieve due to the falling demand. "Due to the ongoing slowdown, we had to revise our capacity target by 12 months to 2021.
Govt to revamp official data for clearer picture of economy
The focus is to capture economic activity more accurately, particularly in the unorganised sector.
Citizenship Act amended to distract people from country's economic slowdown: Kamal Nath
Madhya Pradesh Chief Minister Kamal Nath on Friday accused the Union government of practising "politics of distractions" and said the Citizenship Act was amended to divert people's attention from the country's economic slowdown.
Logistics firms feel the slowdown, scale back on expansion
India’s second-quarter GDP data is to be released on November 29. In the recent past, auto sales, consumption, real estate sales and bank credit data have pointed to a demand slowdown. India’s industrial production shrank for the second consecutive month in September, its worst performance in the series that began in April 2012.
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