India Business News: Finance minister Nirmala Sitharaman on Thursday said that the government is committed to revival of economy and will undertake necessary steps require
Union minister Anurag Thakur hits back at Chidambaram; says economy will rebound on reforms
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Union minister Anurag Thakur hits back at Chidambaram; says economy will rebound on reforms
PTI / Jun 2, 2021, 20:35 IST
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MoS for finance Anurag Thakur (File photo)
NEW DELHI: Hitting back at former finance minister P Chidambaram for his comments on the economy, minister of state for finance Anurag Thakur on Wednesday said India s growth will rebound on the back of consistent reforms and strong fundamentals.
Thakur also regretted that leaderless Congress (was) behaving like an ostrich reading economic data . Indian economy is resilient and will rebound in the times ahead based on consistent reforms that have ensured strong fundamentals through these difficult times.
The empirical findings of the study broadly confirm higher threshold inflation and higher growth in emerging market economies than in advanced economies. (Representative image)
MUMBAI: A Reserve Bank of India (RBI) study has advocated a mix of fiscal and monetary policies to mitigate economic downturn, saying demand side channel needs to be complemented with a conducive monetary transmission mechanism from the supply side.
Referring to the 2009 crisis, the study by Development Research Group (DRG) on Risk Premium Shocks and Business Cycle Outcomes in India , said that at the micro-level, the interest rate spread, attributed to risk premium on loans, increased in response to a rise in loan defaults during the post-2009 period.
Second COVID-19 wave humanitarian crisis, not economic one: Nomura
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests
PTI | May 20, 2021 | Updated 16:00 IST
The second wave of the pandemic in India is more of a humanitarian crisis rather than an economic one, and is likely to have peaked, a Japanese brokerage said on Thursday.
Nomura said it expects the overall hit to sequential growth in April-June to be much less severe than last year when there was a complete nationwide lockdown, and less than what the drop in mobility suggests. It estimated the economy to contract by only 3.8 per cent in June quarter as compared with March quarter.
Covid surge stokes recovery worries, hits growth forecast
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Covid surge stokes recovery worries, hits growth forecast
TNN / Updated: Apr 14, 2021, 10:55 IST
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People can be seen wearing a mask as protection from the coronavirus. The second wave sweeping the country has come at a time when the economy was emerging from the bruising impact of the lockdown imposed last year. (Representative image)
NEW DELHI/MUMBAI: The surge in Covid-19 cases in several states across the country has stoked worries about the economic recovery under way, Investment banks are scaling down their growth projections, while others are voicing concerns over the second wave and its impact on recovery.