Covid-19: Lockdown extended till May 17
The extension, which takes the total day-count of the lockdown to 54, will add to the challenges that the economy was already facing before Covid-19 took the shape of a pandemic.
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The economics of the govt’s stimulus indecision
The delay in stimulus announcement is disappointing and raises the probability that a stimulus, if any, might be weaker than expected, says Jefferies India.
Markets are yet to bottom out
Analysts with varied views have the 2008 global financial meltdown as the nearest comparable to the Covid-19 pandemic. But they are agreed on one thing: the need for caution.
‘India won’t get stuck in 5% GDP growth scenario’
As a result of the Covid-19 crisis, India can become an attractive investment destination, says Jaspal Bindra, executive chairman, Centrum Group.
‘Markets should start pricing in better times ahead’
Coronavirus could be a catalyst for resetting the agenda of India’s financial market reforms, says Mark Matthews, head of research-Asia, Julius Baer.
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.
NSO pegs India’s GDP growth at 5% for FY20
Advance estimates from the National Statistical Office (NSO) peg India’s GDP to grow at 5% in FY20 as compared to FY19’s 6.8%; manufacturing is projected to grow just 2%.
Industry expects robust festive sales
Consumer-facing companies in India remain undeterred in the face of economic challenges and expect to cash in on improved demand this festive season.
Growth comes roaring back to the Indian economy
Central Statistics Office’s estimates for the first quarter of FY19 pegs GDP growth at 8.2% as compared to 5.6% in the same quarter last year.
Time for a fiscal boost?
The economy needs fiscal stimulus more than it needs a rate cut.
