Page 3 - Gross Domestic Product
India's market capitalisation to GDP ratio at 115%; highest since 2008
Combined m-cap of all listed firms has doubled since last March to Rs 226.5 trillion
 "India's market capitalisation to GDP ratio at 115%; highest since 2008")
Structural weakness
India needs to overhaul the tax system
 "Structural weakness")
The bull ride
Retail exuberance keeps stock markets going
 "The bull ride")
Prioritising expenditure
Govt must focus on providing relief to the needy at this point
 "Prioritising expenditure")
Rahul Gandhi attacks PM Modi on GDP, rising unemployment, vaccine shortage
Congress leader Rahul Gandhi on Tuesday attacked Prime Minister Narendra Modi over the adverse GDP and unemployment figures and raised the issue of "shortage" of drugs for treating black fungus
 "Rahul Gandhi attacks PM Modi on GDP, rising unemployment, vaccine shortage")
India must not chase dream of another V-shaped recovery in Covid carnage
Country's current strategy for demand revival is flawed as a second wave of Covid-19 infections has been more hurtful.
 "India must not chase dream of another V-shaped recovery in Covid carnage")
A virtuous cycle of entrepreneurship
According to the Credit Suisse Wealth Report 2020, after stagnating for several years, the number of millionaires in India rose rapidly in the two years before the pandemic
The blue economy
Navy can assist in developing marine resources
 "The blue economy")
Second Covid-19 wave heightens downside risks to India's GDP, says S&P
The country is already facing a permanent loss of output versus its pre-pandemic path, suggesting a long-term production deficit equivalent to about 10% of GDP
 "Second Covid-19 wave heightens downside risks to India's GDP, says S&P")
Unfair charge
India is not using currency to gain unfair advantage
 "Unfair charge")
The mounting cost of Covid-19
The rapid increase in the number of new Covid-19 cases and restrictions on activity are affecting economic recovery
Wave of disruption
New Covid cases could threaten the fragile economic recovery
 "Wave of disruption")
Chinese dreams of the future
Xi Jinping's long-term ambitions could well lead to a wariness about China's intentions across the world
 "Chinese dreams of the future")
In a historic setback, millions are tumbling out of the global middle class
Nearly 150 million slipped down the economic ladder in 2020, the first pullback in almost three decades
 "In a historic setback, millions are tumbling out of the global middle class")
India's current account deficit narrows to 0.2% of GDP in December qtr
In the current fiscal, the current account had been in surplus in the previous two quarters, at USD 15.1 billion and USD 19 billion, respectively, as per the data
 "India's current account deficit narrows to 0.2% of GDP in December qtr")
India's April-Feb fiscal deficit at 76% of revised FY target: Govt data
Govt's total receipts during April-February stood at Rs 14,13,096 cr or 88.2% of the revised estimates presented in the Budget on Feb 1
50 and beyond: How Bangladesh has fared in half a century of its history
Dhaka's justification for breaking away from West Pakistan is now self-evident. If it has done better than New Delhi in 50 years, it has completely outpaced Pakistan on every metric, writes T N Ninan
A state in transition: Uttar Pradesh's economy scoreboard under Adityanath
In 2020-21, UP emerged the largest economy after Maharashtra, up from fifth position during 2019-20 and ahead of Tamil Nadu, Gujarat, and Karnataka
 "A state in transition: Uttar Pradesh's economy scoreboard under Adityanath")
63 nations to see ratings downgrades by 2030 for ignoring climate change
The US grade would drop by two notches, and as much as three levels for Germany, India and the Netherlands.
 "63 nations to see ratings downgrades by 2030 for ignoring climate change")
Road to recovery
Hopeful signs in data, but medium-term outlook uncertain
