Best of BS Opinion: Strengthening recovery, India's marine resources & more

Here's a selection of Business Standard opinion pieces for the day
 

Corporate results for the third quarter of the current financial year (October-December 2020) show positive signs across many sectors. Profit margins have improved on the back of lower costs and moderate sales growth. Looking ahead, the 2021-22 Budget’s focus on infrastructure development should encourage investment and employment, which in turn, should help push consumption. However, in this context, as our lead editorial notes, despite all the encouraging signs, there are also reasons for caution. Valuations are running very high, with major stock market indices valued at 40 times