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 The Hindustan Times Deepali Sharma 02.12.2020 Conditions will improve for Indian corporates next year as economic activity picks up steam post-lockdown and earnings grow on the back of widespread demand revival across sectors, Moody’s Investors Service said on Wednesday. Most companies’ earnings will grow as demand starts to recover following a sharp slump, and financially strong companies will maintain good access to funding, but speculative-grade issuers will face challenges, it said. “Broad-based demand revival and a low base in 2020 will support strong GDP growth of 10.8 per cent in India in fiscal 2022 ending March 2022, following a decline of around 10.6 per cent in fiscal 2021 – the country’s first contraction in four decades,” Moody’s Analyst Sweta Patodia said. In 2021, conditions will improve for Indian corporates as economic activity gathers pace post-lockdown and earnings grow on the back of widespread demand revival across sectors, underpinning Moody’s stable outlook ...

Mint  Gopika Gopakumar 26.11.2020 Mumbai: Reserve Bank of India Governor Shaktikanta Das on Thursday said the Indian economy has seen stronger-than-expected pickup in recovery after the sharp contraction in the first quarter. Das, however, said the downside risks to growth continue due to the recent surge in covid-19 cases. “After witnessing a sharp contraction in GDP by 23.9% in Q1:2020- 21 and a multi-speed normalisation of activity in Q2, the Indian economy has exhibited stronger than expected pick up in momentum of recovery. Even as the growth outlook has improved, downside risks to growth continue due to recent surge in infections in advanced economies and parts of India," the governor said while speaking at a foreign exchange dealers’ conference. Das also warned about the sustainability of demand after festivals and a possible reassessment of market expectations surrounding the vaccine. He also reiterated that the central bank’s monetary policy guidance remains accommodative...

 Hindustan Times Sep 22, 2020 Rajiv Jaishwal The government must take measures to boost demand, usher in an aggressive interest rate regime, provide support to informal economy, extend moratorium to micro, small and medium enterprises (MSMEs), and revive distressed sectors such as real estate and hospitality to bring growth back on track, Hindustan Unilever Ltd (HUL) chairman and managing director Sanjiv Mehta said on Monday. In a conversation with Federation of Indian Chambers of Commerce and Industry (FICCI) president Sangita Reddy, Mehta said the government needs to take “special measures” to revive growth as “60% of our economy depends on private consumption” and “demand is the basis of the economy moving into a virtuous cycle”. “Demand will lead to more investments, investments will lead to more employment, the confidence will go up, people will start spending more and the economy will again, hopefully go back to the kind of rhythm we have seen in the past... Aggressiveness ha...

The Indian Express Dated 07.09.2020 By NeelKanth Mishra The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? The income split shows growth in agriculture compared to the first quarter of last year. There have been minor declines in financial services and utilities, and major declines in retail, transportation and manufacturing. (Photo: Jasbir Malhi/Express Archive) How should one read the first-quarter GDP data and the  contraction by 23.9%?  What signal does it offer for the future? And does it give any idea of the sectors that the government must prioritise? Compared to the first quarter of last year, the income split showed growth in agriculture, minor declines in financial services, utilities (like electricity and water) and public administration, and major declines in retail, transportation, manufacturing, hotels, an...

The Indian Express Dated 07.09.2020 By Neelkanth Mishra  The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? The income split shows growth in agriculture compared to the first quarter of last year. There have been minor declines in financial services and utilities, and major declines in retail, transportation and manufacturing. (Photo: Jasbir Malhi/Express Archive) How should one read the first-quarter GDP data and the  contraction by 23.9%?  What signal does it offer for the future? And does it give any idea of the sectors that the government must prioritise? Compared to the first quarter of last year, the income split showed growth in agriculture, minor declines in financial services, utilities (like electricity and water) and public administration, and major declines in retail, transportation, manufacturing, hote...

The National Herals June 21, 2020 The Indian economy is in a tailspin and India may actually be looking at something worse than a recession. India has never faced a sustained long-term downturn in economic activity in its 73 years of existence as an independent country. But there is now every possibility that India is looking at a ‘depression’ for the first time in its history, a possibility flagged by several economists. While everyone now has accepted the inevitable, that the GDP will contract in the current financial year (2020- 2021), the estimates vary. The World Bank pegs it at 3.2 per cent while Crisil puts it at 5 per cent. An RBI survey paints the rosiest picture as of June 10, saying that the economy will contract by only 1.5 per cent. However, several economists warn that the impact will likely be much worse. Surajit Das, assistant professor at JNU’s Centre for Economic Studies and Planning (CESP), puts a perspective to the situation. ...

Hindustan Times Dated: June 10, 2020 By: Harshit Sabarwal The global economy will contract at least six percent this year due to economic shutdowns to contain the coronavirus outbreak, the OECD said Wednesday, warning that recovery will be “slow and uncertain”. In the case of a second wave of contagion later in the year, world economic output could shrink by as much as 7.6 percent in 2020, it said. This would be followed in 2021 by GDP growth of between 2.8 and 5.2 percent. “By the end of 2021, the loss of income exceeds that of any previous recession over the last 100 years outside wartime, with dire and long-lasting consequences for people, firms and governments,” the Organisation for Economic Co-operation and Development said in its latest outlook, entitled “World Economy on a Tightrope”. “Private debt levels are uncomfortably high in some countries and business failure and bankruptcy risks loom large.” In a previous report in March, by when the outbreak had hit Chi...

Business Line Dated: June 10, 2020 Expressing confidence in India’s ability to recoup from the current economic uncertainty, Fitch Ratings expects the economy to clock near double-digit growth next fiscal year. It has projected GDP growth of 9.5 per cent in 2021-22 after a contraction of 5 per cent this fiscal year. Reference:  https://www.thehindubusinessline.com/economy/macro-economy/fitch-sees-the-economy-growing-95-next-fiscal/article31797556.ece