‘Disruption, chaos good for companies who rise to the occasion'
Disruption creates the space for providing new solutions, where fast-moving start-ups can gain ground compared to the structure-heavy MNCs, experts say.
Disruption creates the space for providing new solutions, where fast-moving start-ups can gain ground compared to the structure-heavy MNCs, experts say.
RBI paper says India would take 13 years to recover from the pandemic loss if the GDP grows at annual average of 7.5% – far higher than the highest ever growth rate of 6.9% during 2004-14.
A K-shaped recovery was foreseen and could have been averted with appropriate policy responses.
In a matter of 41 trading days, since the last life-high on February 16, the second wave of the Covid-19 pandemic has caused between 8% -9.8% correction in the benchmark equity indices until April 19.
The recent surge in Covid-19 infections, the central bank says, adds uncertainty to the outlook on domestic growth as restrictions could dampen demand improvement and delay the return of normalcy.
Aided by strong demand recovery, credit ratio rebounds to 1.33 in H2FY21, from 0.54 in H1FY21. GDP could grow at 11% in FY22, but the resurgence in Covid-19 cases is a key downside risk, says CRISIL.
The signs of a pick-up hold out hope, but regaining lost ground is the tough task ahead.
Monetary policy committee keeps rates unchanged; central bank announces new measures to mitigate pandemic woes, as it sees 9.5% contraction in real GDP for FY21.
Reserve Bank of India governor Shaktikanta Das says that efforts towards reopening the economy are confronted with rising Covid-19 infections.
The markets seem to have overcome over Budget blues as the benchmark Sensex rallied over 900 points on Tuesday.