Easier land and labour rules, better infrastructure facilities are imperative for an investment-led growth wave in the country
To do away with the laws altogether amounts to throwing the baby out with the bathwater
As nominal GDP growth plummets, there is a risk of a huge shortfall in revenue receipts
Long before the virus struck, loan growth was decelerating, while growth in investment in safe and secure government bonds was rising
The government relies excessively on oil receipts – the petroleum sector contributed as much as Rs 5.8tn to the Central and State exchequers, together, in FY19 – equivalent to 3 percent of GDP
The ban cost states dearly in terms of revenue, depriving them of monetary resources at a time when they needed to increase spending on the social sector
The world order might require changing but such change is not about to happen soon for political and economic reasons
Prime Minister Narendra Modi has effectively used platforms available to India to make a case that instead of nations becoming more and more inward looking, global engagement should be the norm
High spreads also point to failure of RBI’s targeted long term repos
Though the Northeast has fewer COVID-19 positive cases, the true picture can be determined only once testing is increased
Vista deal a ringing endorsement of the opportunity presented by digital India and the execution/tech capability of Reliance Industries to take advantage of said opportunity
The reverse migration due to COVID-19 and the global economic gloom will add to the growing unemployment, worsen rural poverty, among other welfare implications
Governments in emerging markets like India do not have the firepower to protect their economies
If the states are forced to raise levies and cut development expenditure, demand will weaken further
All estimates, including the CEA’s, are far worse than the RBI Financial Stability Report’s GDP growth forecast under its severe stress scenario in the first half of FY 21
Taxes as a percentage of base price are 260 percent for petrol and 256 percent for diesel.
After state governments hiked taxes on liquor, cigarette stocks have come under pressure as investors weigh the risks of a hike in tobacco taxes
If the BS Yediyurappa government implements its policy towards migrants effectively this could give the Centre a template to follow in other states as well
As countries emerge out of lockdowns and the economy and trade links revive, there’s an opportunity for India to attract more global cargo traffic — especially traffic that moves away from China
Fitch Ratings also assigned FRL a Long-Term Issuer Default Rating
Part of the fiscal deficit should be monetized as a one-off measure
Markets are certainly better, but not well. There is no need to get carried away.
PMIs show economic activity in India slumped to its lowest level since the surveys began over 14 years ago
For Reliance Jio, garnering investments to the tune of $6.5 billion from two of the biggest players in their respective fields, in a pandemic-struck, chaotic economic environment is a significant achievement
Going forward, it is critical for India to build an accessible, inclusive and resilient payment system that can withstand sustained shocks in the aftermath of the COVID-19 crisis.
