India’s sprinting recovery faces some final hurdles going ahead
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Capital spending has a higher growth multiplier effect and public spending results in crowding-in of private capex.
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Bank balance sheets are still stuck with legacy bad assets and this could impact India’s revival
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The recent improvement in high-frequency data has boosted the prospects of India’s economic recovery. Electricity consumption, freight, commercial vehicle sales, manufacturing output and imports have all reached pre-pandemic levels. While rejoicing is warranted, analysts have begun to flag risks that lie ahead.
Policy measures from both the government and the Reserve Bank of India (RBI) have provided enabling conditions for the recovery to gain traction. So, what could go wrong?
While the index was up from 98.5 a week earlier, the resurgence in Covid-19 cases in Maharashtra posed a near-term risk to growth normalisation in the coming weeks, the Japanese brokerage said in a note on Monday.
Oil futures reach 13-month high as global stocks advance with U.S. markets closed. SP 500 futures hit record high, oil soars as frozen chaos hits plains states.
Here is the current market situation from CNN Money
European markets are broadly higher today with shares in London leading the region. The FTSE 100 is up 1.93% while France s CAC 40 is up 0.60% and Germany s DAX is up 0.33%.
What Is Moving the Markets
Here are the headlines moving the markets.
5 Companies Betting Big On Futuristic Energy Tech With the clean energy shift beginning to gain serious momentum, the prime candidates for a sustainable future have been solar, wind, and to a lesser extent, geothermal energy and nuclear fission. But new clean energy technology is drawing interest from both corporate investors and retail investors, and what we consider fringe today, such as ocean power and hydrogen, may become mainstream sooner rather than later. In fact, Bloomberg New Energy Finance has warned that we may ne
The latest data suggests that economic activity is now only about two percentage points below pre-pandemic levels.Nomura’s predictions are in line with India’s recent data on industrial production, which registered a modest growth of 1% on an annualized basis in December 2020
The index of high frequency indicators including mobility indices, also recorded a fall from the previous weeks reading of 93.2, Nomura said in a note on Tuesday, driven by a sharp drop in Googles mobility indices.