Managing expectations is a challenge for policymakers.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
About 65 per cent of the CFOs are positive about India's growth
The watershed 2014 Indian election has thrown a decisive mandate after 30 years of coalition-based governments.
Post-1991 reforms have brought unrecognisable change.
'If India can only grow at 5%, why bother spending time on the country?' asks Akash Prakash.
'Experts are not ruling out further pain as global factors cannot insulate India from the aftermath.'
Both the RBI and the central government should see that the transmission of the rate reduction by the banks happens soon, otherwise the whole exercise is futile, says Subramanian MV.
The revision of the consumer price index and GDP base years from 2011-12 and 2012, respectively, were dependent on the outcomes of the consumer expenditure survey of 2017-18 that the government decided to junk recently.
'Yet the market didn't do all that badly because it was cushioned by domestic inflows.'
'I suggest a cut in the GST rates and an infusion of Rs 1.2 trillion into the economy in six months.'
Zomato's initial public offer (IPO) is scheduled to open for subscription on July 14 and is priced between Rs 72 - 74 per share. At the upper end of the price band of the offering, the company aims to raise Rs 9,350 crore. Most analysts have given a 'subscribe' rating to the issue for listing gains.
The truth can no longer be hidden despite 'headline management' by the ruling dispensation, the opposition party said.
If the projections come true, then India would regain the tag of the fastest growing major economy of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019.
According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP). "Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.
Artificial Intelligence will create 2.3 million machine learning jobs by 2020.
Tata Motor's owned Jaguar Land Rover (JLR) on Tuesday reported a 68 per cent increase in retail sales for the first quarter ended June 30 at 124,537 units as compared with the same period of the previous fiscal, reflecting the continuing recovery in demand from the COVID 19 pandemic. The company had retailed 74,067 units in the April-June quarter of 2020-21. However, wholesales, in particular, were lower than demand would have permitted due to semiconductor supply issues affecting the global auto industry, JLR noted in a statement.
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said.
While efforts are being mounted on a war footing to arrest its spread, COVID-19 will impact economic activity in India directly through domestic lockdown. The second-round effects, it said, would operate through a severe slowdown in global trade and growth.
The Budget sets out a comprehensive vision.
'It won't help being complacent about the momentum and valuations of equities that currently exist.'
Investors turn their attention to export-driven sectors.
Finance firms in these SEZs likely to get tax breaks.
'When growth drops precipitously from 7% to 4.5% in four quarters, it is for all practical purposes a recession' notes T N Ninan.
RBI has already come out with a discussion paper on banking sector in India, on which the regulator has invited comments from stakeholders.
The global rating agency expects the economy to pick up in the next two financial years.
Patra, as executive director of the central bank, was the principal advisor to the Monetary Policy Department since July 2012.
Most brokerages have maintained their Sensex and Nifty targets as they believe there is little room for further re-rating in the backdrop of weak earnings.
Christine Lagarde said the prospect of rising interest rates in the US and China's slowdown are contributing to uncertainty and higher market volatility.
'Internet, healthcare and life insurance are a few sectors which offer solid long-term decadal potential.'
'We have already given Rs 1.59 trillion to states.' 'So, there is no question of giving them more.'
The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.
The Indian government and RBI must keep foreign equity investors happy and avoid crushing growth expectations, notes Akash Prakash.
Vinay Umarji
The regulator is more carefully scrutinising applications by infrastructure investment vehicles that have a limited number of investors. They have been asked to broaden their investor base before application approval, according to two people familiar with the matter. The Securities and Exchange Board of India is concerned about the structure being used for getting around tax requirements, according to one of the sources.
India has just had one of the worst quarters in export earnings.
PS banks need to pull up their socks to improve cash flows.
These have been selected based on the earnings growth prospects and favourable (buy) ratings by brokerages
Your promise to protect bankers for their commercial decisions is a huge confidence booster, but how does one define a commercial decision? Are our investigative agencies well equipped to dissect lending decisions of bankers?
Just when stocks are seen as invincible, we should worry, warns Akash Prakash.
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