U.S. macro woes drag down Indian indices
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
Rising inflation and firming bond yields in the U.S. push down Indian benchmark indices, causing a correction of around 6% from the latest life–highs of February 16.
The survey advocates for an active fiscal policy to revive the economy from the slump and lays an intellectual foundation for the government. Over to the government now.
As per National Statistical Office data, India's GDP may contract by 7.7% this fiscal year, worst since 1951-1952. The World Bank paints an even bleaker picture. But hope for recovery still abounds.
Leading economists believe the vaccine might not end the economic disruption which the Covid-19 pandemic has caused. Normalcy will come over time, and with pain.
Foreign portfolio investors have seen ₹60,358 crore net inflows in equity, helping reverse March’s record equity outflow of ₹61,973 crore.
Economists say the full fiscal year is likely to see contraction in GDP growth at 8%.
The big question is how much more foreign exchange will the Reserve Bank of India buy, and why?