Parekh, the non-executive chairman of mortgage lender HDFC, said residential housing sales for this quarter have gone up by 34 per cent as people are buying ready-to-move-in apartments
Some major indicators raise hopes but there are segments showing that revival is still nascent
He, however, said that the country will see a revival in growth in the July-September quarter of the current fiscal
Power generation numbers and Delhi emissions, too show economy may be turning the corner
Attributes move to continued spread of Covid-19 pandemic
Here's a selection of Business Standard opinion pieces for the day
Lower inflation next year may open the space for rate cut, but for now the challenge is seeing through the government borrowing and keeping the bond yield low
Agency sees major economic recovery in 2021, normalisation by fiscal 2022; also refers to weak fiscal settings, such as elevated govt deficits and indebtedness, low per capita income
Citing an example, he said earlier the market depended on China and Vietnam for bamboo for making incense sticks (agarbatti), but now the duty has been increased to 25 per cent
All the remaining three quarters of 2020-21 were projected to witness a fall in the gross domestic product (GDP), NCAER said
"The stable outlook reflects our view that India's contraction in fiscal 2021 will be followed by a significant recovery, which will stabilise the country's broader credit profile," said S & P
Unless we address the pandemic sweeping India, our economic recovery would remain uncertain and stunted.
As demand rises, supply would increase correspondingly and so would employment and overall growth
India's economy contracted by nearly a fourth in the June quarter as a result of the lockdowns during the early days of the pandemic
In the past six months, Nifty has gained 52 per cent in rupee terms and 58 per cent in dollar value - making India one of the best-performing markets globally
India had announced a Rs 20-trillion stimulus package for vulnerable sections of society and small businesses
Ensure price support for agriculture, subsidise wage costs of MSMEs and accelerate public construction activities
Panagariya further said the country lost nearly $125 billion in the April-June period due to the Covid-19 pandemic
On economic recovery, Mehta said the key issue is determining the appropriate level of interest rate to spur growth
Modi said India has attracted $20 billion worth of foreign investment between April and July this year which the government didn't fail to celebrate. But does it represent the reality?