Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Financial boom at a time of economic stagnation -Sunanda Sen    </title>
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The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy

Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.

Enumerating the facts in India&rsquo;s..."/>
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     <meta property="og:description" content="-The Hindu

The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy

Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.

Enumerating the facts in India&rsquo;s..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy</em></p><p style="text-align:justify">Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.</p><p style="text-align:justify">Enumerating the facts in India&rsquo;s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on January 8, 2020 to 48,569 a year later, on January 8, 2021. In between, the temporary downward slides were responses to the pandemic-related lockdowns during early 2020. Jubilant upward strides in the stock market continued, along with speculatory financial transactions in real estate, gold and even commodities. However, we notice that financial gains booked in the market on transactions do not originate from productive activities in the real economy, a fact which contrasts the floating of shares by enterprises, as initial primary offerings (IPOs) for capacity expansions.</p><p style="text-align:justify">With the start of the novel coronavirus pandemic during April-June (Q1) of 2020, India&rsquo;s GDP growth rate in real terms sank to a low of minus 23.1%. The deceleration in the second quarter continued at minus 7.5%. The official advance estimate for 2020-21 as a whole also stands at a negative again, of minus 7.5%. GDP in India has been subdued even before the pandemic, declining from 6.12% in 2018 to 4.18% for 2019, while the financial sector has continued moving up.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true">click here</a> to read more.</p>                                                           
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The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy

Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.

Enumerating the facts in India&rsquo;s..."/>
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The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy

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Enumerating the facts in India&rsquo;s..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy</em></p><p style="text-align:justify">Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.</p><p style="text-align:justify">Enumerating the facts in India&rsquo;s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on January 8, 2020 to 48,569 a year later, on January 8, 2021. In between, the temporary downward slides were responses to the pandemic-related lockdowns during early 2020. Jubilant upward strides in the stock market continued, along with speculatory financial transactions in real estate, gold and even commodities. However, we notice that financial gains booked in the market on transactions do not originate from productive activities in the real economy, a fact which contrasts the floating of shares by enterprises, as initial primary offerings (IPOs) for capacity expansions.</p><p style="text-align:justify">With the start of the novel coronavirus pandemic during April-June (Q1) of 2020, India&rsquo;s GDP growth rate in real terms sank to a low of minus 23.1%. The deceleration in the second quarter continued at minus 7.5%. The official advance estimate for 2020-21 as a whole also stands at a negative again, of minus 7.5%. GDP in India has been subdued even before the pandemic, declining from 6.12% in 2018 to 4.18% for 2019, while the financial sector has continued moving up.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | Financial boom at a time of economic stagnation -Sunanda Sen    </title>
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The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy

Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.

Enumerating the facts in India&rsquo;s..."/>
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The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy

Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.

Enumerating the facts in India&rsquo;s..." />
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    <h1 class="cat-box-title">Financial boom at a time of economic stagnation -Sunanda Sen</h1>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy</em></p><p style="text-align:justify">Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation.</p><p style="text-align:justify">Enumerating the facts in India&rsquo;s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on January 8, 2020 to 48,569 a year later, on January 8, 2021. In between, the temporary downward slides were responses to the pandemic-related lockdowns during early 2020. Jubilant upward strides in the stock market continued, along with speculatory financial transactions in real estate, gold and even commodities. However, we notice that financial gains booked in the market on transactions do not originate from productive activities in the real economy, a fact which contrasts the floating of shares by enterprises, as initial primary offerings (IPOs) for capacity expansions.</p><p style="text-align:justify">With the start of the novel coronavirus pandemic during April-June (Q1) of 2020, India&rsquo;s GDP growth rate in real terms sank to a low of minus 23.1%. The deceleration in the second quarter continued at minus 7.5%. The official advance estimate for 2020-21 as a whole also stands at a negative again, of minus 7.5%. GDP in India has been subdued even before the pandemic, declining from 6.12% in 2018 to 4.18% for 2019, while the financial sector has continued moving up.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true" title="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true">click here</a> to read more.</p>                                                           
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    <br><a href="https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true" class="re" target="_blank">The Hindu, 18 January, 2021, https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true</a><div class="clear"></div>
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Financial boom at a time of economic stagnation -Sunanda Sen

Published on Jan 18, 2021   Modified on Jan 18, 2021

-The Hindu The paradox becomes clearer by recognising the circuit of financial flows beyond the real economy Divergences between the booming financial and the stagnant real sectors, which appear rather confounding as well as disconcerting, warrant an explanation. Enumerating the facts in India’s major secondary stock market, the Sensex (the benchmark index of the BSE Limited, or formerly the Bombay Stock Exchange Ltd.) has been found tracking an upward path, from 40,817 on January 8, 2020 to 48,569 a year later, on January 8, 2021. In between, the temporary downward slides were responses to the pandemic-related lockdowns during early 2020. Jubilant upward strides in the stock market continued, along with speculatory financial transactions in real estate, gold and even commodities. However, we notice that financial gains booked in the market on transactions do not originate from productive activities in the real economy, a fact which contrasts the floating of shares by enterprises, as initial primary offerings (IPOs) for capacity expansions. With the start of the novel coronavirus pandemic during April-June (Q1) of 2020, India’s GDP growth rate in real terms sank to a low of minus 23.1%. The deceleration in the second quarter continued at minus 7.5%. The official advance estimate for 2020-21 as a whole also stands at a negative again, of minus 7.5%. GDP in India has been subdued even before the pandemic, declining from 6.12% in 2018 to 4.18% for 2019, while the financial sector has continued moving up. Please click here to read more.

The Hindu, 18 January, 2021, https://www.thehindu.com/opinion/lead/financial-boom-at-a-time-of-economic-stagnation/article33595248.ece?homepage=true

Tagged with: Stock Prices Real Economy Real Investment Financial Investment Financial Assets

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