ET View: Even before Covid, economy was slumping
The government needs to fix the banks and create a functional bond market. This alone can raise the rate of investment. Gross fixed capital formation as a share of GDP was down to 26% in Q4 of 2019-20, and 26.9% for the year as a whole. Without raising it by six percentage points of GDP, India cannot shed its low growth trap.
Economy to shrink despite stimulus: Economists
While Nomura has forecast recession-three consecutive quarters of recession, Goldman Sachs, Ba...
Gold rises more than 1% as coronavirus hits global economies
Spot gold was up 1.2% at $1,635.47 per ounce by 1108 GMT, its highest since Marc...
India's automakers warn of up to 45% sales drop as economy slumps amid pandemic
India's auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18% last fiscal year to 21.5 million vehicles due to an economic slowdown. The pandemic, which has seen businesses shuttered and people told to stay at home all over the world, is set to make things worse.
Indian economy is bound to revive soon: Piyush Goyal
“Things are looking up, and revival is in the air,” Goyal was quoted saying in an official statement after his virtual meeting with industry and trade associations.
COVID-19 Impact: Create demand, rescue economy
The latest projections, like those by SBI, show catastrophic economic contraction in FY21. There's still time to avoid or largely mitigate this – through an avalanche of government spending aimed squarely at creating demand.
Fitch projects Indian economy to contract 5% this fiscal
Fitch has projected a 5% contraction of economy in current fiscal, on account of slump in economic activities.
Experts favour a gradual opening up of the economy
Early lockdown may keep infection low, they say while calling for testing, isolation to be stepped up.
Rising unemployment is the number one threat to India’s growth: S&P Global
‘The economic policy response is still lacking to some extent’
Sanjiv Bajaj on dealing with disruption and how to stimulate the economy
We need to jumpstart economy on both demand and supply side, says the CMD of Bajaj Finance. Sanjiv Bajaj on dealing with disruption and how ...
The results are in for the sharing economy. They are ugly.
Lyft said rides on its service fell nearly 80% in late March and remained down 75% in mid-April. In May, passengers began to return cautiously to Lyft, but rides were still down 70%, Lyft executives said on a Wednesday earnings call with financial analysts.
UK economy struggled before coronavirus crisis escalated
Britain's economy was almost stagnant in the three months to February, before the coronavirus crisis escalated and pushed the country into what is likely to be a historic recession, official data showed on Thursday.
There is a lot of pent-up consumer demand for digital services and India is at an inflection point: KKR executives
Over the last couple of years, Jio really built one of the most modern, scalable and cost-efficient telecom infrastructures in the world. Even though Jio a telco business at its core, it is built on best-in-class technology that has allowed them to ramp up and scale very efficiently, said KKR's Head of Technology Asia - Lucian Schönefelder.
Covid is pushing world economy to the brink. Is India immune?
India is in a relatively good position to withstand the hurricane about to strike defaulting and other EMs.
Rupee settles 8 paise higher at 75.54 against US dollar
During the day, the local unit witnessed an intra-day high of 75.29 and a low of 75.60.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service