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Thursday, February 25, 2021

Indian economy


Economic growth projections of India, China give hope to South African economy: Finance Minister

February 25, 2021 10:20 am

Delivering his budget speech in Parliament on Wednesday amid an economy ravaged by COVID-19 and the associated lockdowns, Mbowani said the damage caused by the pandemic runs deep, but “we are not without hope”.

Growth will trend upwards in 2021. But it will need to be interpreted with caution 

February 22, 2021 9:13 am

Growth has to be driven by two engines — consumption and investment — this was our Achilles heel probably even before the pandemic set in.

How to make unicorns and stop the startup drain

February 18, 2021 8:52 pm

By providing startups the right regulatory architecture and local sources of funding, India can create an innovative and resilient economy

More policy support is needed to help MSMEs navigate the economic distress

February 16, 2021 9:12 pm

While the good news is that business sentiments are recovering across firm sizes, there seems to be the emergence of a bimodal distribution of business sentiments in MSMEs versus large firms.

In PM’s words for pvt sector, India Inc sees booster shot

February 12, 2021 12:32 am

Modi’s statements pitching the importance of the private sector come in the backdrop of a push towards government spending, which the government expects will help crowd in private investment.

‘Growth to bounce back in FY22, but on low-base effect’

February 11, 2021 1:11 am

From a trend growth perspective, India will still be at a lower level at the end of the next fiscal and meaningful recovery may take place only in FY23, it said.

Indian economy to contract by 7 pc in FY21: SBI Research

February 10, 2021 3:21 pm

The agency had earlier forecast a 7.4 per cent contraction in 2020-21 GDP numbers. In April-September, the economy contracted 15.7 per cent but the second half may see a surprise 2.8 per cent growth, if the SBI analysis turns out to be correct.

Finance Ministry’s Monthly Economic Report: ‘Driven by reforms, policy push, growth to come back in FY22’

February 10, 2021 8:55 am

The Finance Ministry expects inflation to stay benign. CPI Inflation moderated to 4.59% in December from 6.93% in November.

Budget 2021’s turn to fiscal activism could have positive multiplier effects

February 04, 2021 10:02 am

Policy normalisation is often feared, but it is, in fact, a good sign that the economy is returning to normal after the pandemic-inflicted shock. The hope is that this is not the old slow normal, but a new, and brighter, normal.

Across the aisle: No expectations, no disappointment

January 31, 2021 9:32 am

P Chidambaram writes: I don’t wish to anticipate the Budget. There is a universal demand for increase in investment in health infrastructure and increase in defence expenditure, and I support that demand. The FM may provide more funds under the two heads. Otherwise, I have no expectations of this government.


Postcards of Change: Transforming cities take centrestage

February 11, 2014 7:20 pm

Indian cities are yet to get the attention they deserve despite their role as the growth engines of the economy.


‘Think of it the other way, not about govt raiding RBI, but how RBI could have behaved differently’

June 22, 2020 6:07 pm

In this edition of the Idea Exchange, Former Chief Economic Adviser Arvind Subramanian talks about demonitisation, defends GST, explains the reasons why growth has not been robust and reflects back on his tenure as Chief Economic Adviser of India.

'For the first time we have a majority govt. If some hard decisions have to be taken, they must be announced now'

June 22, 2020 6:13 pm

Former governor of Reserve Bank of India Bimal Jalan talks about how he addressed the issues of transparency and accountability in financial transactions and governance in his new book, India Ahead: 2025 and Beyond.

No need for 'exaggerated panic' among investors: Jaitley

February 12, 2016 11:55 am

New Delhi, Feb 12 (ANI): As the Bombay Stock Exchange (BSE) Sensex plunged around 800 point on Thursday, Finance Minister Arun Jaitley on Friday came out to calm the investors, saying that there was no need for an 'exaggerated panic' among investors. Jaitley emphasised that the investors should keep in mind the inherent strength of the Indian economy while investing. He added that the Government is fully committed to empower and support public sector banks by providing whatever capital requirements is required, adding that the problem of recovering bad loans from the borrowers will soon be ended.