BUSINESS
MC Explains | The polycrisis and why we need to worry about it
India is expected to remain the world’s fastest-growing major economy. Still, the widening of the global polycrisis could worsen the outlook.
BUSINESS
Wadias’ Go First manoeuvre should set the tone for IBC use
Wadias have invoked the IBC to ensure the beleaguered airline survives and can likely be brought back to life after the debt is restructured, lawyers tell Moneycontrol.
BUSINESS
Exports did reasonably well, need services boost to hit $2 trillion: National University of Singapore’s Amitendu Palit
Outbound shipments may have to navigate difficult waters as the globe is headed towards a slowdown and the effects of de-globalisation and fragmentation of supply chains show up, says the Senior Research Fellow and Research Lead (Trade & Economic Policy) at the Institute of South Asian Studies
BUSINESS
Why the renminbi won’t take down the dollar
As the world gradually splits into blocs led by the US and China, there are expectations that the renminbi will start to challenge the dollar’s position as the world’s reserve currency. These expectations may be proven wrong, economists say.
BUSINESS
India should include more women in global trade to bridge gender disparity, BRIEF’s Nikita Singla
India achieving gender equality could add nearly $700 billion to GDP by 2025, according to UN estimates. The IMF estimates around a 27 percent increase in GDP achieving more equitable participation of women in the workforce
BUSINESS
CBDCs won’t replace money, will need to build trust: OECD analyst
India is among 18 of the G20 countries that are at an advanced stage of developing central bank digital currencies
BUSINESS
Early signs of private investment picking up, quick project rollouts will help: Industry chambers
While infrastructure investment is expected to be the main growth driver this financial year, the revival of private investment remains a question.
BUSINESS
Finmin sees downside risks to FY24 growth forecast dominate upside risks
The International Monetary Fund projects India will continue being the fastest-growing economy, likely underpinned by even more robust stability in the macroeconomic variables.
BUSINESS
Why India will tilt the US way to gain from friend-shoring trend
The world’s most populous country is likely to align with the US in the major geopolitical divide of the next decade, the one between the US and China.
BUSINESS
Modi regime responsive to needs of the marginalised, irrespective of religion: PM EAC
The study does not find any evidence that the government catered only to the Hindu majority or against any minority groups in the country.
BUSINESS
How financing of low-income countries could be the next flash point between China and the West
With the global economy fracturing, it’s hard to see trust between China and other creditors improving, economist William Jackson has said
BUSINESS
How a slowing global economy risks India’s $2 trillion export aim
The global growth drag is expected to hit world trade, which could decline from 5.1 percent in 2022 to 2.4 percent in 2023, says the latest World Economic Outlook by the IMF
BUSINESS
Centre gets post-GST tax buoyancy boost but states yet to improve: NIPFP
Volatility in tax buoyancy makes it difficult to make reliable projections of tax revenue and therefore it may result in revenue shocks to public finance management, a working paper by the National Institute of Public Finance and Policy has said
BUSINESS
RBI won’t pivot towards rate cuts this fiscal year: DBS’ Radhika Rao
Reduction in rate cuts is likely only from the early part of fiscal year 2024, according to the senior economist. Upside surprises from a rally in oil prices or weather-related problems could upset the MPC’s inflation math, Rao said.
BUSINESS
India poised for more important role in global value chains, finance minister says
India's growth is sustainable as it attempts to grow its manufacturing sector and not import products that it manufactures
BUSINESS
Analysis | How farmers, policymakers can brace for uncertain weather patterns
India is among the worst affected globally by climate change, with its agriculture sector hit hard by rising temperatures, freak rainfall, and changing seasons.
BUSINESS
Will US commercial real estate cause the next banking crisis?
The Silicon Valley Bank crisis has led to depositors pulling out monies from smaller US banks that dominate lending to the commercial real estate sector.
BUSINESS
RBI rate hike to be last in cycle, cuts to come on agenda later this year
Slower growth and inflation could see the RBI's monetary policy committee laying the groundwork for cuts before long, economists have said. The rate-setting panel will meet from April 3 to April 6
BUSINESS
Economy set to slow in FY24. How bad can it get?
India’s economy is entering a slow lane as multiple economic indicators suggest activity is levelling off after recovering from its pandemic low.
BUSINESS
Asian, Indian banks remain sheltered from West crisis..for now
On Friday, shares of Deutsche Bank plunged as hedge funds reportedly went short on the lender that has just emerged from a years-long restructuring of its business.
BUSINESS
Lok Sabha passes Appropriation Bill 2023 sans discussion
The functioning of both the houses of parliament in the second half of the budget session has been repeatedly disrupted by protests both by the Treasury and opposition benches.
BUSINESS
Canada rolls out the red carpet for Indian entrepreneurs
Vikram Khurana, who is in India for the G20 meetings, said TBDC has recently launched a new initiative that promotes entrepreneurship, innovation and economic growth in both India and Canada.
BUSINESS
SVB crisis: Will Fed bite the bullet on halting rate hikes? Will India follow suit?
The run on the Silicon Valley Bank and Signature Bank in the US has led to increasing calls for the Federal Reserve to halt its interest rate rises. This also complicates policymaking for emerging market rate-setters.
ECONOMY
MPC's Goyal calls out Fed on over-reaction to inflation, seeks data-dependent policy
Goyal pointed out that US actions have spillover effects for the rest of the world
