According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
The Prime Minister, while addressing the Nasscom virtual summit, urged Indian startup founders to think beyond valuations and exit strategies, and focus instead on creating institutions.
Finance minister Nirmala Sitharaman's Budget 2021 seizes the moment and unleashes a slew of measures to get the growth momentum back. This Budget is her boldest yet.
The survey sees GDP contraction at 7.7% for FY21, but says a V-shaped recovery is visible. Consequently, FY22 growth is pegged at 11%.
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
Editor’s letter from the May 2020 edition.
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.
Partial relaxations likely after April 20 in areas which show success in tackling the spread of the virus, says PM; detailed guidelines tomorrow.
If Sonia Gandhi’s suggested austerity measure is implemented, it will leave the country’s media sector, which was already dealing with a slowdown, in a precarious position.
Both the benchmark indices closed flat after huge rallies in three consecutive days; they ended the week with over 20% gains from the week’s lows.
