Slack in following COVID appropriate behaviour, a susceptible population and spread of variants could be among the main reasons for the second wave of coronavirus
Fitch Ratings on Thursday said the resurgence of COVID-19 infections may delay India's economic recovery, but won't derail it, as it kept the sovereign rating unchanged at 'BBB-' with a negative outlook. It projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022 (FY22), moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21. Fitch had in June last year revised outlook for India to 'negative' from 'stable' on grounds that the coronavirus pandemic had significantly weakened the country's growth outlook and exposed the challenges associated with a high public debt burden.
BSE-listed companies' market capitalisation reached Rs 197.7 trillion on January 21, against India's nominal GDP of Rs 190 trillion during 12 months ended December 2020.
India's GDP may turn positive at 1.3 per cent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers for the October-December quarter of the current fiscal on Friday. Projecting that the gross domestic product (GDP) may have returned to the black in the last quarter of the calendar year 2020, DBS Bank in the report said the full-year growth in real terms may be at a negative 6.8 per cent.
The body language and intensity were not up to the mark, said a disappointed India skipper Virat Kohli, counting the many errors his team committed in the massive 227-run loss to a "more professional and consistent" England in the opening Test in Chennai.
In terms of stock selection, India continues to benefit from two phenomena - the big getting bigger and availability of quality stocks in relative abundance compared with its Asian peers.
Analysts attribute the surge to a host of factors, particularly the interest shown by the retail investors in these two market segments.
Pujara has been criticised for his ultra-defensive approach in the series so far and instead of propping up his team's response to Australia's first innings total
Portfolio returns, say analysts at Morgan Stanley, are more likely to be driven by bottom-up stock-picking rather than top-down macro forces.
'In the real economy, the scars of the pandemic will continue to define 2021.' 'It is still hard to tell the effect on unemployment, migrant workers, poverty, and the informal sector of the lockdown and of the pandemic,' observes Mihir S Sharma.
Humour was like MS Dhoni's trusted ally.
Finance Minister Nirmala Sitharaman on Monday assured the industry that momentum of economic reforms will continue to make India a hotspot of global investment. India has turned the crisis created by COVID-19 pandemic into an opportunity to push the economic reforms, which remained pending for decades, she said while addressing the National MNC's Conference 2020 organised by industry chamber CII.
'The Chinese can't be trusted hence the need to verify and re-verify.'
Sanjeev Chawla, accompanied by a Delhi police crime branch team from London, reached Delhi on Thursday morning
At some stage this fall in the quality of life will begin to hurt anybody's popularity, observes Shekhar Gupta.
While most economies contracted in the second quarter of 2020, the Chinese economy grew by 3.2 per cent.
The only path to recovery of the economy lies in profit growth that triggers off employment growth, and finally investment, notes Ajay Shah.
However, the growth during the next financial year would be higher at 8.1 per cent in case of a second wave of the coronavirus and bit slower at 7.9 per cent if the virus recedes and remains under control.
'She's not going to keel over.' 'This is the kind of difficult situation that she thrives in.'
'They know that India is no pushover.' 'We have to be extremely vigilant, remain ready and keep strengthening our positions.' 'We have to be militarily strong, whatever be the cost.'
Apart from supply chain disruptions, Moody's also expects consumption and investment to be affected and prices of oil and other commodities to remain around current lows until the end of June.
The volume in the anonymous trading platform, NDS-OM, was Rs 7,210 crore - less than half the normal volume, but not as bad as the start of the day indicated.
Softening inflation, Das said would make available more policy space to the central bank to address risks to the growth going forward.
Private equity players said their research had shown that the PE share after COVID-19 could go up to 8-10 per cent.
'If standard protocols are meticulously followed and hospital facilities remain on high alert, direct COVID-19 deaths should be kept to less than 7,500-8,000 in the present pandemic'
'Gotabaya will expect India to observe the red line.' 'He even dispensed with any gesture welcoming India as an interlocutor on the Tamil issue.' points out Ambassador M K Bhadrakumar.
Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower consumption and sluggish business activity. Even before the coronavirus outbreak, Indian economy already was growing at its slowest pace in six years and with the stimulus measures announced by the government falling short of expectations, the disruptions are likely to be greater. "We now expect India's growth to register a real GDP contraction for the fiscal year ending in March 2021 (fiscal 2020-21), from our earlier projection of zero growth," it said in a research note.
The European Court of Human Rights (ECHR) on Thursday rejected alleged bookie Sanjeev Chawla's application for an interim measure on human rights grounds to block his extradition from the UK to face match-fixing charges in India. The legal paperwork process for his extradition will now go ahead through the UK Central Authority, for Scotland Yard officers to hand Chawla over to their counterparts from Delhi Police to be flown back to Indian within days.
Former New Zealand fast bowler Shane bond reckons all teams will now identify Jasprit Bumrah, who went wicket-less in the just-concluded T20I series, 'as a risk and attack others'.
'(Jasprit) Bumrah we know is a very good new ball bowler and I'm sure he'll mix it up and bowl some short stuff and some full stuff'
'It is perplexing to see the leader of the First World with a first rate medical infrastructure come up short on its foresight to handle the pandemic,' notes Group Captain Murli Menon (retd).
Even as India battles the COVID-19 threat on a war footing, it cannot lose sight of the threat building up in Kashmir, cautions Lieutenant General Syed Ata Hasnain (retd).
Khan said the Pakistan government was 'determined to demonstrate' that it is capable of protecting its people.
'If India can only grow at 5%, why bother spending time on the country?' asks Akash Prakash.
Being one of the early commentators to flag economic slowdown and caution investors on corporate earnings, Gautam Chhaochharia, head of India research, UBS Securities, in an interview with Hamsini Karthik says the markets remain in an expensive zone despite the recent correction.
Australians can expect a backlash from the top ranked Test side in the world, according to former captain Ricky Ponting.
'The Indian response in confining our action to our side of the LoC set a dangerous precedent,' argues Colonel Anil A Athale (retd).
Attributing the growth to an upswing in consumption and investment, the World Bank has said India will continue to be the fastest growing major economy in the world.
The candidate is from the DMK's ruling family, and the sky is the limit -- for both expenses and expectations.
'Any conventional conflict could trigger a nuclear war with results that neither India nor Pakistan could survive easily.' >A revealing excerpt from Shuja Nawaz's The Battle For Pakistan: The Bitter US Friendship And A Tough Neighbourhood.
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