Covid-19: It’s an economic tsunami
More financial pain is on the way as businesses curtail investment and savings evaporate of people across the world. Unemployment is set to rise in the coming days.
gdp
March 2020
February 2020
January 2020
Coronavirus dashes hopes of economic recovery
Industry body FICCI expects a heavy toll on all aspects of business; proposes a slew of measures for economic stimulus.
No early respite for India’s economy
When a slowing Indian economy meets global headwinds arising from the Coronavirus scare, there is little chance of a V-shaped recovery.
Markets fall for fifth consecutive day
The S&P BSE Sensex has lost over 1,577.34 points (-3.82%) while the Nifty 50 has lost over 492 points (-4.06%) over coronavirus concerns in the last five trading sessions.
India’s forex kitty could swell to $550 billion
Since April 2001 foreign exchange reserves grew 11.15 times to $476.09 billion in mid-February; the RBI may add $21 billion more by March 2021, according to a BofA Securities report.
Rate cuts are a matter of ‘when’, not ‘if’
Despite acknowledging that inflation surged above tolerance level and the economy continued to be weak, the central bank’s MPC sees policy space available for future rate action.
RBI stays ‘consistent’ on rate and policy stance
At the last monetary policy meeting of FY20, the central bank kept the interest rate unchanged, with a warning to not read the ‘pause’ continually for its future actions.
Budget blues continue for markets on Monday
Following Saturday’s 987.96-point fall, the S&P BSE Sensex closing at 39,872.31, just 136.78 points higher, on Monday shows that the markets are still unhappy with the Budget.
India’s economy to grow at 6-6.5% in FY21: Eco Survey
If the country wants to grow at a faster pace, then the government must deliver on reforms quickly as it is the only way to enable an economic recovery, says the Economic Survey.
What the markets will watch for in Budget 2020
At a time when the economy is precariously placed amid multiple challenges, Budget 2020 could mark the government’s decision to prioritise fiscal consolidation over growth.
