S&P lowers India’s GDP contraction to minus 7.7 pc in FY21
S&P Global Ratings on Tuesday revised India's real GDP growth to negative 7.7 per cent for the current financial year ending March 2021 from negative 9 per cent previously.
RBI may turn its focus on growth
Though inflation will remain at elevated levels for the next couple of quarters, there is a strong case for the central bank to move its gaze away from controlling price rise to providing an impetus to growth.
Improved hiring sentiment at IITs, IIMs points to better times ahead for Indian economy
IIT students have received more than 600 job offers this year. Several fresh engineering grads have bagged salaries at par with those offered at the Ivy Leagues. This trend is also evident at the IIMs. These trends show that most companies are optimistic about the future.
India’s economic contraction slows as vaccines boost recovery hopes
The contraction of the Indian economy eased off in the three months to September amid signs of a pick up in manufacturing, and economists expect a steady recovery next year if progress on coronavirus vaccines feeds consumer demand.
Middle income India orchestrates the great economic fightback
Rural India have reported a great revival and the signs of this growth are visible in important sectors like airline travel, hotel bookings and vehicles sales.
Indian economy showing broad based signs of recovery
Indian auto, consumer durables, FMCG, steel and services sector companies are feeling cautiously optimistic about the future once again. They are stepping up fresh investments, handing out pay hikes and paying the government higher taxes in the form of GST.
Rebound in Indian steel, auto, real estate sectors points to V-shaped recovery
Leading Indian steel companies have raised prices for the second time in November on the back of recoveries in several key consuming sectors. This is giving rise to optimism that the country is on the cusp of a quick and broad-based growth revival.
The data never lies as the economy turns the corner
Indians are returning to the workplace, pay hikes are forecast, the markets are spiking, imports have fallen and a vaccine is in sight. Significant growth is being forecast for the next four quarters.
Modi’s government keeps moving ahead in its quest to lift the economy
Production Linked Incentives (PLIs) ensure that a good report card will be obtained as the authorities focus on multiple sectors to keep inducing growth and investment
India’s Covid-19 lockdown is paying dividends
Barring the emergence of a second wave, India seems to have the Covid situation largely under control. This is giving the government more headroom to focus on reviving the pandemic-hit economy and putting it back on a high growth trajectory.