The annual report looks at the widening gap between stretched asset prices and the weak real economy
The growth rate in real income for the top 10 percent is twice that for the rest of the population
The resilience of stock markets in light of COVID-19 uncertainty has left many market participants perplexed.
While brokerages such as Ambit and Macquarie have reduced their gross domestic product (GDP) estimates, chief economic advisor Arvind Subramanian says it is too early to start revising GDP growth numbers downwards.
Most people are wary of investing in a market that is plagued with fiscal profligacy, sustained inflation and a depreciating currency
Talking to CNBC-TV18, Anand Tandon, CEO, JRG Securities says there has been too much focus on the financial markets and not on the real economy. The focus should be on the private sector and getting projects off the ground, rather than bothering about the when the central bank will cut rates.
Michael Spencer, chief economist - Asia Pacific of Deutsche Bank expects the impact on real economy by LTRO 2 to be very strong.
Banks may shrink credit in order to meet tougher capital requirements, posing a "serious threat" to the real economy, Domenico Siniscalco, Vice President of Morgan Stanley International and country head for Italy, told Reuters.