India's economic growth slowed to 3.1 per cent in January-March and to an 11-year low of 4.2 per cent for the full fiscal 2019-20 amid a drop in consumption and investment. The Gross Domestic Product (GDP) growth stood at 5.7 per cent in the corresponding quarter of 2018-19, according to data released by National Statistical Office (NSO) on Friday.
Employees asked to work from home... cancelled travel plans... curtailed meetings... Caution and precaution dominate Corporate India's response to Covid-19.
It is important the SCO focus strongly on economic development and regional integration that leads to greater benefits for the least developed regions of member-countries, writes Sana Hashmi.
'There is a certain irony embedded in this asymmetric geographical distribution of FDI because most state leaders have shed their inhibitions about promoting 'business' and have understood its virtues as a more cost-effective way of replacing the mai-baap welfarism that passed for economic policy till the early nineties', says Kanika Datta.
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
IIP for November 2015 and CPI for December 2015 will be announced today.
The world economy's growth engine is slowing, but not collapsing.
The rally in index heavyweight ITC has boosted the sentiment across the board.
'This market is very expensive in some pockets, dirt cheap in some, and the belly of the market is reasonably valued.'
The internals of the food inflation are worrying, given a broad-based uptick across categories that tend to be sticky, such as proteins, and a narrower-than-expected reduction in inflation for vegetables.
The country's new economic roadmap highlights the importance of creating a virtuous cycle of investment, savings and exports in order to sustain rapid economic growth over the next five years.
'The telecom companies are our lifeline now, despite having nearly collapsed under debt because of ill-advised policies.' 'Perhaps our obvious dependence on telecom services will spark well-conceived policies for this sector,' says Shyam Ponappa.
'When we want to, we will be able to breach it, go across and strike when we need. This was the message we wanted to convey and we did'
During the six-month period (April-September 2019), the Indian economy grew 4.8 per cent as against 7.5 per cent in the same period a year ago.
The 30-share Sensex ended up 8 points at 27,508 and the 50-share Nifty closed 1 point higher at 8,284.
After Pyongyang tests a missile potentially capable of reaching the US, Dr Rajaram Panda explores the realistic -- and peaceful -- options before Donald Trump and the international community at large.
Navy chief Adm. Sunil Lanba said that by 2050, India will have 200 ships, 500 aircraft.
Engineering major BHEL rebounded from its day's lows to end around 1% higher.
This week's collection of unbelievably unusual images from across the world
Prime Minister Narendra Modi hailed as "historic" the jump.
'2019 is just a year away and Modi can do with some peace and tranquility on the external front.' 'There are risks, of course, but isn't Modi a risk taker?' asks Ambassador B S Prakash.
Rajan also said the outlook for agriculture is subdued, in view of both rabi and kharif prospects being hit by monsoon vagaries.
Markets recorded their biggest single-day fall since August 1 amid growth concerns in the euro zone.
India's economy recovered faster than expected in the September quarter as a pick-up in manufacturing helped GDP clock a lower contraction of 7.5 per cent and held out hopes for further improvement on better consumer demand. The gross domestic product (GDP) had contracted by a record 23.9 per cent in the first quarter of the 2020-21 fiscal (April 2020 to March 2021) as the coronavirus lockdown pummelled economic activity.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
India cannot afford to adopt any coercive measures against the military even if it disapproves the military takeover, notes Dr Rajaram Panda.
'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
Delaying action on climate change will hurt growth: Global CEOs.
'Much can be done by India under the provisions of the treaty to make full use of its rights it has.' 'The impact of that will be felt downstream.'
India's full membership of the grouping would extend its reach to the Central Asian region in whose peace and stability it is a major stakeholder, says Sana Hashmi.
After visiting two Central Asian countries, Prime Minister Narendra Modi arrived in Ufa on Wednesday on a three-day trip during which he will attend the BRICS and Shanghai Cooperation Organisation summits.
Modi along with Assam Governor Jagdish Mukhi and Chief Minister Sarbananda Sonowal also walked a few metres on the bridge.
ICICI Bank and SBI were among the top Sensex gainers along with FMCG majors ITC and HUL.
'Now that the Ram mandir is done, we need to move on. And grapple with COVID-19, a sputtering economy, a belligerent China...' 'The temple may win a few more elections for the BJP, but by itself it won't solve the nation's growing problems of economic and social distress,' notes Virendra Kapoor.
Move the slider on the map above to see the change in percentage of population using an improved drinking water source over 1990 to 2015.
Sources said Adani had not been able to tie up any financing for the coal project
The Budget has to provide for capex on roads, railways, defence and other infrastructure sectors.
'The market movement will be largely driven by earnings growth.'
'The army has stopped short of exerting the sort of influence it may have done historically.' 'It is comfortable with its relations with the civilian government as the superior partner.'
Here's a recap of the events from the past 24 hours.
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