BUSINESS
Monsoon Watch: Slight pick-up, underperforming regions improved
Cumulative rainfall rose by 2 percent over the long period average as Northwest and Central India regions received more rainfall. Sowing trends are broadly unchanged
BUSINESS
Chart of the Day | Did Chinese demand help Indian exports in July?
Non-petroleum product exports in July were only 3.56 percent lower than a year ago
BUSINESS
The Reading List: August 14, 2020
A selection of articles and social media gems from the world of economy, business and finance.
BUSINESS
Chart of the Day | Where does India stand in COVID testing?
Fatality rate is low, but a high positivity rate calls for more testing
BUSINESS
Chart of the Day | Green shoots in project awards
The value of projects awarded in July 2020 was higher than before the pandemic struck
BUSINESS
Interview | There are a few pockets of exuberance, but no general bubble at this juncture: Raamdeo Agrawal
Low cost money and the hope of a V-shaped recovery in the next 6 months are what is holding up the market. It is important to fire up demand as the economy opens, says co-founder and chairman of Motilal Oswal Financial Services
BUSINESS
Chart of the Day | A macro price-to-earnings multiple
Market Cap to GDP ratio is rising, but it could be understated thanks to economic uncertainty
BUSINESS
Monsoon Watch: Rainfall stuck in a rut, sowing is better off
Rainfall is flat compared to the normal levels as of August 7. While growth in the crop area is not as robust as in June, it’s still in positive territory
BUSINESS
Interview | Current uncertainty a 15-18 month problem, feels Samir Arora
Big companies were hurting the small and the unorganised guys so much that the overall size of the economy reduced even if some guys benefited from that shrinking pie. This can’t go on for ever, says founder and fund manager of Helios Capital.
BUSINESS
Chart of the Day: Global food prices move up further in July
The FAO Food Price Index rose for the second successive month and domestic food inflation remains elevated.
BUSINESS
Chart of the Day | RBI survey shows rise in inflation expectations
Perhaps one of the factors that held back the RBI from cutting rates is the rise in inflation expectations
BUSINESS
Chart of the Day | Indian private sector shrank even further in July
The RBI’s Monetary Policy Committee will announce its decision on interest rates tomorrow and the continuing deterioration in private sector business conditions will weigh on it
BUSINESS
Chart of the Day | India’s real yields on 10-year government bonds are among the lowest in the world
The case for a further reduction in the policy rate seems weak at present
BUSINESS
Chart of the Day | PMI survey shows manufacturing activity declined at a faster pace in July
Eliot Kerr, Economist at IHS Markit, said: "The survey results showed a re-acceleration of declines in the key indices of output and new orders, undermining the trend towards stabilisation seen over the past two months. Anecdotal evidence indicated that firms were struggling to obtain work, with some of their clients remaining in lockdown, suggesting that we won't see a pick-up in activity until infection rates are quelled and restrictions can be further removed.”
BUSINESS
Monsoon Watch: Rainfall disappoints in July
All of July has seen rainfall trends head downward, mainly due to two clusters of Northwest and Central India. So far, sowing has held up
BUSINESS
Chart of the Day | The central government boosted spending in the June quarter in spite of the pandemic
Lower revenues and higher expenditure led to a much higher deficit, supporting growth
BUSINESS
Chart of the Day | What bankers think about the economic recovery
Majority felt that banking sector prospects will diminish considerably, shows RBI systemic risk survey
TRENDS
Chart of the Day | Green balance in energy mix — A long way to go
Coal comprises largest chunk in electricity generated from different fuel sources
BUSINESS
Chart of the Day | Only 5 rating upgrades per 100 downgrades in the June quarter
BUSINESS
Monsoon watch: The downtrend continues
Two regions are contributing to a sharp deceleration in rainfall. While sowing is healthy over a year ago, the gap over the normal sowing area is also decelerating.
BUSINESS
Chart of the Day | The dopamine hit from central bank balance sheets
RBI balance sheet as a proportion of GDP expands 4 percentage points
BUSINESS
Chart of the Day | Bank asset quality in Asia
The gap between NPA levels and the Tier 1 capital ratio is highest in India
BUSINESS
Chart of the Day | Asia’s fiscal stimulus response to COVID-19
Emerging countries in Asia needed a strong fiscal stimulus to counter the pandemic’s effects. Governments in Asia have come up with different economic responses to tackle the COVID-19
BUSINESS
Chart of the Day | Real credit growth was negative even before the pandemic
The negative real rate of non-food credit in the December 2019 quarter was even lower than after the Global Financial Crisis
