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.
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Asia to see 0% growth in 2020, says IMF
Chang Yong Rhee, director of the IMF’s Asia and Pacific Department, also wrote in a blog that the current crisis from Covid-19 is like no other, worse than the Global Financial Crisis.
Markets end in the red after good start
Day after the lockdown extension announcement, markets remained in positive territory for majority of the day before global cues pushed them to close in the red.
RBI’s masked growth and inflation forecasts
The central bank has been quiet on its regular growth and inflation forecasts, citing the highly fluid circumstances, but it has given ample hints in its latest Monetary Policy report.
‘Covid-19 hangs over the future, like a spectre’
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
Markets continue to be virus-hit
Equity markets are back to tracking Covid-19 numbers amid fears of global recession. The Sensex and the Nifty 50 closed over 1,375 points and 379 points lower compared to Friday’s close.
Markets tank over coronavirus fears
The S&P BSE Sensex and the Nifty 50 fell 806.89 (-1.96%) and 242.25 points (-2.01%), respectively, on Monday, the second worst fall in February after the markets’ reaction to the Budget.
IMF cuts India’s FY20 growth forecast to 4.8%
The IMF attributed the change in its outlook mainly to sharper than expected slowdown in domestic demand amid the turmoil in the non-banking financial companies (NBFCs) sector.
The Third Pillar: Incubating civic nationalism
Raghuram Rajan’s new book helps us take a step back and question why and how do successful capitalist systems work better for a nation’s well-being.
The importance of being Arvind Subramanian
Subramanian’s return to the academic environment of the U.S. and his family may be great news for him, but his legions of fans in India will miss him.
