The divergence between the IIP and the corporate sector data suggests a K-shaped recovery
The 'Nomura India Business Resumption Index' (NIBRI) accelerated to 96.4 for the week ended on Sunday from 94.9 in the previous week, and is now only 3.6 percentage points (pp) below pre-pandemic levels.
"India is already looking at ''V-shaped'' recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore," Thakur said at a virtual conclave organised by the Institute of Actuaries of India.
The government ensured sectors like MSMEs and policies like PMGKY get fiscal stimulus for ensuring food security through public distribution system, direct benefit transfers to widows, pensioners and women, additional funds for MGNREGS, and debt moratoria and liquidity support for businesses, adds Economic Survey 2021.
Aditya Birla Group has unveiled plans to invest in about $2.4 billion across businesses in the past few weeks, as according to Kumar Mangalam Birla 'the vaccines roll out, and governments and central banks provide stimulus, India will be among economies to rise above pre-pandemic levels'.
The World Bank believes the pandemic has lowered potential growth — the output that can be sustained at full employment and capacity utilization — in the Indian economy by eroding growth in human capital and investment
The Capital Goods sub-index is lower than what it was in October 2015
The conservative bankers’ bank says that the future economic landscape could look like the one that materialised after the Second World War
Standard & Poor’s sees consumption driving the recovery
Markets are certainly better, but not well. There is no need to get carried away.
We need nuanced policy making to straighten the W over time
Andrew Holland, CEO - Equities, Ambit Capital bond markets in India opened up completely, interest rates brought down and diesel prices increased by about Rs 10 per litre. Though it would hurt short-term GDP growth, the country will see a V-shaped recovery.