An alert government in Delhi should have begun government-to-government discussions with Moscow the moment it came to know that Russians were developing a vaccine. That is to say, almost an year's time has been lost, observes Ambassador M K Bhadrakumar.
'While there has been an impact on economic activity, it is not as profound as the lockdown last year.'
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
Banerjee, 58, was educated at the University of Calcutta, Jawaharlal Nehru University and Harvard University, where he received his Ph.D in 1988. He is currently the Ford Foundation International Professor of Economics at the Massachusetts Institute of Technology.
The country is gripped in an unprecedented economic downturn which is certainly going to spill over into the second half of this year unless the infection rate can be brought under control.
Indian firms have seen a significant fall in orders in the year-to-date period.
Firms said subdued demand conditions, unfair pricing among competitors and economic woes affected the sector.
The billions India invested in dams, schools, etc in Afghanistan will be gone. The Hindu and Sikh population of Afghanistan has already shrunk from some 200,000 to about 500, points out Rajeev Srinivasan.
October infrastructure output, which contributes nearly 38 per cent to the industrial output index, was up 3.2 per cent annually.
"As of now there is no abnormality due to the injury," Dr Gandhi added.
India's dependence on imported crude oil to meet domestic demand has been a matter of concern for years. Delivering the inaugural address at the global energy summit - Urja Sangam - in 2015, Prime Minister Narendra Modi had called for enhancing domestic oil and gas production to cut the import burden. He aimed at lowering it by at least 10 per cent by 2022 - to coincide with the platinum jubilee of India's independence. But this target is far from being achieved and the country's import reliance has only risen.
Where do the four members of the Supreme Court appointed panel to interface with farmers stand on the Modi government's farm laws?
India'sstartups have a good beginning but will they survive competition is a big questions which needs immediate attention.
'We have lived through 10% plus inflation in India and we are aware of the economic pitfall.' 'With the RBI now having formally adopted an inflation target range, they cannot turn a blind eye to the impending risks.'
The opinion of a Junior Associate Economist employed with Moody's Analytics has been splashed all across implying it as the opinion of Moody's Analytics.
The Indian economy is sinking but everyone's busy leading the high life, no one's worried, says veteran economist Ashok Mitra, in an interview to Rediff.com's Indrani Roy.
Experts say a large part of the expenditure in April was spent on heads such as creating infrastructure for testing capacity and procuring testing kits, among other things.
Agriculture activity, according to recent channel checks by Prabhudas Lilladher, is expected to continue at a strong pace in FY22.
'There is a vision in the Budget, and the vision is to take India from a largely agrarian, rural economy into a fast-track digitalised economy.'
Columbia University, where Panagariya teaches Indian political economy, refused to give any further extension.
Economists polled in a recent survey by Ficci unanimously felt that the rupee will continue to be under pressure in 2018-19
Governments make budgets to retain and consolidate their hold on power, not to please opponents or economists. They do so by trying to gratify as many as possible without causing harm to the others, says Shreekant Sambrani.
India's exports are showing signs of improvement as the contraction in outbound shipments in June so far has come down to about 10-12 per cent as compared with 60 per cent in April, Commerce and Industry Minister Piyush Goyal said on Monday. Declining for the third straight month, In "Currently we are about 10-12 per cent down in June. So in a sense, we have reached up to 88-90 per cent of the level of exports that we had in June 2019 in the current month in the first two weeks. I am awaiting the data for third week (of June)," Goyal said at a CII function.
If the WTO talks in Bali fail, it will adversely impact India.
However, RBI would continue to nudge banks to cut lending rates
A fascinating glimpse from Somak Ghoshal's 10 Indian Heroes Who Help People Live With Dignity.
Prime Manmohan Singh on Thursday sought Chinese investments in manufacturing and infrastructure sectors in India and called for market access in China for Indian IT and Pharmaceutical firms.
According to data compiled by the World Bank, the UK's economy grew to $2.82 trillion and the French economy expanded to $2.78 trillion in 2018, against India's $2.73 trillion, showed the data.
As India emerges from the COVID-19 crisis, the ninth budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
World Bank on Wednesday warned that a prolonged war in Iraq may adversely affect India's GDP growth prospects in this fiscal.
This perversity in vaccine distribution needs immediate correction. It requires a complete withdrawal of the 'Liberalised Vaccine Policy', and a 100 per cent takeover of the vaccine procurement by the GoI, asserts R Ramakumar.
Atanu Biswas explains the economics behind hosting a Games in pandemic times.
A breakthrough will come from what we teach and how, says Ajit Balakrishnan.
India's annual industrial output grew at a slower-than-expected pace of 3.6 percent in September.
'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.
The RBI is not statutorily independent from the government but has long enjoyed wide latitude
Armed with the latest GDP figures, Modi had last week mocked economists and made a veiled attack on his predecessor Manmohan Singh who had said the Centre's demonetisation decision would lead to a low growth rate.
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