-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M....
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India’s descent into stepwells of growth -Kaushik Basu
-Livemint.com * Poor handling of the pandemic threatens to derail our competitive advantage in the global economy * India’s economy is well-positioned in IT and outsourcing; health and pharma; and higher education and research, which are sectors expected to be leading drivers of global growth NEW YORK: India’s economy is in a downward spiral. The Economist Intelligence Unit just lowered the forecast for India’s growth in the coming year from -5.8% to -8.5%....
More »The unprecedented race for the covid-19 vaccine, in five charts -Rukmini S
-Livemint.com Unprecedented resources have been marshaled across the world in the race for a covid-19 vaccine, with the US and Germany pumping in most funds The Indian government’s recent letter trying to speed up clinical trials for a vaccine candidate, which it is developing in collaboration with a Hyderabad-based pharmaceutical company, betrayed its desperation to develop the world’s first covid-19 vaccine. But in a historically unparalleled global race for a vaccine, India...
More »Our dependency on China didn’t happen overnight -Biswajit Dhar and KS Chalapati Rao
-NetworkIdeas.org In the wake of the India-China conflagration at the border, the worst in more than five decades, the fault lines of India’s economic relationship with its northern neighbour are now wide open. Amidst the demands for boycotting Chinese products and investments, the Government of India finds itself in a bind, given the sheer dependence of the Indian economy on China. This dependence did not happen in a hurry; it took China...
More »The myth of India’s import dependence -Rathin Roy
-Business Standard/ NIPFP In the wake of the growing military tension on the India-China border, there have been calls for boycott of Chinese products. These have little impact on strategic reality. Equally, the plea that India cannot afford to do without Chinese imports is not a truism. If bilateral tensions escalate, then there may be a scenario in which India and China cease to trade. How would the Indian economy be hit...
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