This is the first full-year contraction in the Indian economy in the last four decades since 1979-80, when GDP had shrunk by 5.2 per cent
May sharpen decline in IIP in Feb
Shares rose in Europe after a mixed session in Asia on Monday as China reported a variety of data that painted a complicated picture of its recovery from the pandemic. The passage of a $1.9 trillion aid package for the US economy has added to investor confidence that the US and global economy will likely experience a strong recovery from the pandemic in the second half of the year but also potentially increase the rate of inflation. Germany's DAX climbed 0.3% to 14,546.95 and the CAC 40 in Paris added 0.5% to 6,075.54. Britain's FTSE 100 was up 0.4% at 6,789.86. US futures pointed to an upbeat start, with the contract for the S&P 500 up 0.3% and that for the Dow industrials 0.4% higher. Markets got a mixed message from the data out of China, which has led the global recovery, reopening earlier than other countries from coronavirus shut-downs that emerged in the central city of Wuhan in early 2020. Retail sales jumped nearly 36% year-on-year in January-February from a year earlier.
The country of 1.3 billion people, only 20 per cent of whom know how to use the internet, had to suspend field surveys during the lockdown, which led to gaps in reporting monthly retail inflation numb
During the last week, the 30-share BSE benchmark index jumped 1,019.46 points or 2.26 per cent
Sen said quarterly GDP numbers are still derived from some corporate accounts and corporates have not fared as badly as the non-corporate sector
Positive signs for economy as festival season draws near
Power generation numbers and Delhi emissions, too show economy may be turning the corner
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators
The information technology index jumped another 1.2% after outperforming for most of the week as investors ditched value-linked stocks in the face of deteriorating economic data
Besides, investors will keep tracking latest developments and trends on the Covid-19 pandemic front, like data on infection cases and fatality rates as well as update on vaccine trials
During the meeting, among other matters, agencies' assessment of the macroeconomic situation and outlook on various sectors, including the financial sector, was discussed.
The banking subsector declined 5.2%, falling for the third straight day
Departments are most reluctant to factor in changes in the GDP within the same financial year
By definition, short term policy is the equivalent of flying by the seat of your pants. You take your chances
Developments around US-China trade talks, Fed interest rate decision and release of key macro-economic data in the later part of the week are expected to influence the equity markets, analysts said. The US Federal Reserve interest rate decision on Thursday will be a major event that would be keenly tracked by markets globally. "Markets are expected to remain volatile this week as many factors globally and stock-specific (developments) will influence the bourses. US Fed meeting outcome will be a major international event," Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote said. Investors will keep a close watch on progress of US-China trade talks. Back home, two major data points are scheduled to be released on Thursday post trading hours -- industrial production and inflation rate -- which may also influence sentiment in the markets. Last week, the Sensex dropped 348.66 points or 0.85 per cent. In the last two trading days, markets witnessed slide after the RBI ...
Markets are likely to remain range-bound in the near term till economic recovery is visible, says Motilal Oswal
As India's investment and consumption activity worsened in July, the measures announced by the FM to revive the economy will boost market sentiment but are unlikely to propel growth
Change will have to begin with the PM, who will have to show active interest in macro-economic issues, and address himself to understanding the key policy levers available to him, writes T N Ninan
FY19 fiscal defict at Rs 6.45 trillion, or 3.4 per cent of GDP; April core sector growth slows to 2.6%; FY18 unemployment rate at 6.1 per cent