Page 10 - Economic Recovery

Biz activity last week higher than pre-Covid level for first time: Report

The Nomura India Business Resumption Index), which measures the activity on a weekly basis with the pre-pandemic levels being the base, rose to 101.2 for the week ended Aug 15, from 99.6 last week

Economy picking up pace, industry needs to increase risk appetite: PM Modi

He added that now Indians want made in India goods irrespective of the origin of the company that is producing the goods.

Third Covid-19 wave unlikely to be as devastating as second: FinMin

Says 68% of the population above six years has antibodies, which would reduce the likelihood of infection

China's July exports, imports rise, but growth slows amid Covid curbs

Exports rose 18.9% over a year earlier to $282.7 billion, decelerating from June's 32.2%

RBI's inflation projections jump, growth numbers dip as recovery wobbles

While it termed current inflation as transitory, MPC also expects it to edge up to near-6% levels towards 2021-22 end, highlighting stickiness of inflation in uneven economic recovery

Subdued revenue spend may hit economic recovery, say economists

Experts say reduction in revenue expenditure may not result in capex rise

Economy recovering at fast pace from recent lows of April, May: PHDCCI

At this juncture, it said, there is a need to further fuel the drivers of household consumption

India's fuel demand picks up in July, petrol consumption at pre-Covid level

India's fuel demand picked up in July as easing of pandemic-related restrictions accelerated economic activity, helping petrol consumption reach pre-Covid levels

US economy returns to pre-pandemic size, grows 1.6% in Q2: Report

On an annualised basis, second-quarter growth was 6.5 per cent

Not ensuring access to Covid vaccines could undermine eco recovery: WTO

Failing to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery, a report of the World Trade Organization (WTO) warned on Thursday. The Director-General's mid-year report on trade-related developments presented to members on Thursday calls on WTO member countries to ensure that markets remain open and predictable. WTO Director-General Ngozi Okonjo-Iweala said this report clearly suggests that trade policy restraint by member countries has helped limit harm to the world economy. However, some pandemic-related trade restrictions do remain in place and the challenge is to ensure that they are indeed transparent and temporary, she said. "The report calls on WTO members to ensure that markets remain open and predictable, and warns that failing to ensure wider access to COVID-19 vaccines could undermine the global economic and trade recovery," WTO said in a statement. The report noted that since the outbreak of the pandemic, 384 COVID-19-relate

India's economic recovery stumbles, setting stage for sustained low rates

A contraction in India's services sector deepened as localized curbs to control the virus spread hurt consumer demand and business activity

India's economic rebound faces rising risk from Delta variant: Reuters poll

The latest survey results suggest difficult policy decisions lie ahead for RBI, which has already seen two consecutive months of inflation above the 6% upper limit of the range it tolerates

Asian shares and US Treasury yields rise as investors reassess rout

Asian shares and US Treasury yields rose on Wednesday, clawing back some of the week's losses as investors reassessed economic worries

K'taka CM asks for faster implementation of 96 Central govt schemes

Karnataka Chief Minister BS Yediyurappa on Tuesday instructed the officials to fast-track implementation of these projects to boost economic recovery post-pandemic

IMF urges countries to move from economic rescue to growth-oriented reforms

Improved competition policy frameworks such as those being debated in Europe and the United States can reduce the concentration of market power among a few firms

Pandemic recovery to push greenhouse emissions to all-time high: IEA

The energy watchdog said the figure represented around a third of what it envisioned was needed in order to put the world on course to reach net zero emissions by mid-century.

Recovery tracker: Power generation moderates but more people back at work

Traffic picks up in major cities, personal mobility and use of public transport increases

Growth in FY'22 to be around 11% as projected in Economic Survey, says CEA

He also said the overall impact of the second wave on the economy will not be very large.

'V'-shaped recovery on resumption in business activity, says Nomura

The labour participation rate moderated to 40.4 per cent from 40.6 per cent. "

Central banking conundrum

RBI should not continue to ignore inflation risks