The arguments not only lack substance and perspective, they come from "source" or non-official channels with the Centre maintaining a strategic silence.
With millions dropping out of workforce, India needs an employment policy and planning to generate new jobs, besides identifying and filling vacancies in central PSUs, PSBs and other of its entities
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
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%.
While Indian banks' improved financial metrics do not fully reflect the impact of the Covid-19 pandemic, the under–capitalised PSBs are likely to remain risk averse and lose market share.
