Most of India knows Deep Sidhu as the man who planted the Sikh religious flag on Red Fort.
India's curve, yet to flatten vis-a-vis countries with similar or more conservative plans to ease restrictions, still points to 'exponential growth', despite India having tested much fewer people.
Risk aversion is currently a dominant depressant to economic recovery, points out Shankar Acharya, former chief economic advisor to the Government of India.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
'As he has no executive track record, so far, he is all talk and hence essentially a braggart and a bigot.' 'That he is described as the 'Trump of the tropics' should give a shorthand summary to what he stands for on issues in general,' points out Ambassador B S Prakash, India's former envoy to Brazil.
The year 2017 could be the third year of a double-digit growth in arrivals from China after years of low single-digit growth
The non-oil, non-finance sector of the economy is under severe stress.
India's factory output climbed 22.4 per cent in March, benefiting from the base effect of the lockdown-marred month a year back as well as a turnaround in the manufacturing sector, while retail inflation slipped to a three-month low of 4.29 per cent in April. The high positive annual growth in the index of industrial production (IIP) in March 2021 came on back of a contraction of (-)0.9 per cent and (-)3.4 per cent in January and February 2021 respectively, according to the data released by the National Statistical Office (NSO) on Wednesday. This turnaround was led by recovery in the mining, manufacturing and electricity sectors.
Make in India crucial for growth.
The differences between the rich and developing nations have always been at the core of the World Trade Organisation, set up in 1995 to facilitate greater trade flows across the world, and it came as a major breakthrough when the US and India reached a deal over food security issues in 2014.
Currently more than 95 per cent of America's 330 million population are under a stay-at-home order and over 22 million Americans have applied for unemployment benefits.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
There is little scope for significant monetary easing even in the next fiscal year.
The repo rate could be reduced by 50 bps in the current year.
Morgan Stanley draws optimism from a slew of favourable factors.
'The market movement will be largely driven by earnings growth.'
India's fiscal deficit trends are a bit like an alcoholic trying, unsuccessfully, to reform. Virtue does not last for too long, says Shankar Acharya.
Spread investments in equities, bonds, gold and cash to tackle volatility advise Nitin Singh, MD and head, and Vinay Joseph, director, investment strategy, Standard Chartered Wealth Management, India.
RBI in wait and watch mode as several risks to inflation continue to exist including a sudden reversal of food prices and oil price volatility.
The Budget sets out a comprehensive vision.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
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Given the 18-day government shutdown in the US and the likelihood for continued wrangling between the Democrats and the Republicans, it now looks like tapering may be off the table till the first quarter of 2014.
Link between oil exploration and markets can be used by India to great advantage.
The policy will be presented in the backdrop of rising inflation.
The nine-second de-orbiting or retro-orbiting manoeuvre was executed at 3.42 am using the onboard propulsion system.
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Bank has cited trend of global easing and weak growth
Most top industrialists rate PM's first 100 days in office as 'good', primarily due to his intentions, not concrete policy measures.
Superwoman Lilly Singh shares her secrets.
'As the growth momentum reverses benefiting from re-monetisation, it will be accompanied by a rise in inflation.'
Markets have witnessed a gap down opening mirroring losses in the global equities with US markets taking a hit on worries about the health of Chinese economy.
'From a retail investor's perspective, therefore, it is essential not to get swayed by the short-term correction in the equity market and macro noise, and stay the course with their long-term financial plans,' notes Ashwin Patni.
Saurabh Mukherjea, CEO, Ambit Capital, says he is advising clients to either take a genuinely long-term view on stocks or diversify the portfolio with stocks, bonds and gold for those with a short-term view.
It could also clear stalled projects and review various subsidies on the energy, food and fertiliser fronts.
The markets had been on an upward trajectory since August 2013.
Retail investors have matured and have moved away from investing in only in-vogue products, says the managing director and chief executive officer of ICICI Prudential AMC.
'...and defensive until the global macro headwinds turn more benign.'
As people get rich, they end up losing the health advantage of food availability.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
The party's most important electoral challenge lies in whether it can meet the aspirations of the youth who were drawn by the promise of gainful work.
While retail sales at dealerships have suffered the full impact of demonetisation, the growth in wholesale volumes comes as dealers had relatively lower inventory after Diwali in October.
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