Covid-19 second wave: India Inc. optimistic, but spike in cases big concern
Interestingly, 86 percent of the business leaders who responded to the Mckinsey survey in India said the country s economy is going to do better in the next six months
Joe C Mathew | April 5, 2021 | Updated 15:09 IST
India is in the midst of a second wave of Covid-19 pandemic, but that has not dampened the spirits of India Inc., a Mckinsey survey suggests. In every region except Latin America, a majority of the respondents expect improvements in their countries economies, the global consultancy s Covid-19 briefing note, published on March 31, says.
Interestingly, 86 percent of the business leaders who responded to the Mckinsey survey in India said the country s economy is going to do better in the next six months. The US was the other country where optimism was high. The briefing note said that its latest survey finds greater optimism about the economy and corporate prospects than at any time since th
Rupee - April 5, 2021 - Reliance Securities
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Covid-19 second wave: India Inc optimistic, but spike in cases big concern
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Why Modi govt has done well to maintain continuity in inflation targeting framework Ila Patnaik © Provided by The Print
[Dropcap]The[/Dropcap] Narendra Modi government has decided to retain India’s inflation target at 4 per cent with a band of 2 per cent on either side for another five-year period, ending March 2026. This is a welcome decision.
In a previous column, we argued that changing the inflation target at this time could make the task of managing inflation expectations difficult.
In the current uncertain economic scenario, retaining the inflation target provides stability and helps the Reserve Bank of India’s Monetary Policy Committee focus on anchoring inflation expectations, while also balancing the objective of supporting growth.