-The Hindu Sharper contraction likely in Index of Industrial Production. Output at India’s core sector contracted by 6.5% in March, Commerce Ministry data show, reflecting the early impact of the COVID-19 pandemic and the subsequent nationwide lockdown. The index of eight core sector industries, which form 40% of the weight of items included in the broader Index of Industrial Production (IIP), reflected a contraction in key parts of the Economy.in March, according...
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Covid-19 pandemic could lead to 4 per cent loss of real GDP for India: CRISIL Research -Surabhi
-The Hindu Business Line Gross non-performing assets of banks could rise to 11 to 11.5 per cent this fiscal CRISIL Research has stated that the current coronavirus pandemic could lead to a four per cent permanent loss to real Indian gross domestic product (GDP) and said that more fiscal stimulus will be required. Most economies across the globe are unlikely to see normal conditions until 2022 due to the current coronavirus pandemic and...
More »Research firm Nielsen slashes FMCG growth forecast for 2020 -Meenakshi Verma Ambwani
-The Hindu Business Line Q1 value growth at 6.3 per cent for the FMCG industry Nielsen on Thursday has slashed its annual growth forecast for India's FMCG sector to mid-single digits in the range of 5-6 per cent for the calendar year 2020, as the world grapples with the Covid-19 pandemic. It had earlier predicted growth to be in the range of 9-10 per cent for India's FMCG sector for the full...
More »Lockdown has thrown up huge challenges for trucking business -N Chandrasekaran
-The Hindu Business Line Apart from getting truck drivers and warehouse employees back to their job, logistics operators have to grapple with working capital needs and supply chain inefficiencies A lot has been spoken about the effects of Covid-19 on the Economy. The government, large corporates, and the MSME sector are keen to reboot activities that have come to a halt due to the lockdown. Logistics, including transportation, warehousing, order management, and...
More »Covid-19 pandemic has re-established primacy of government -Suranjali Tandon
-The Indian Express Citizens ordinarily advocating for free markets are now urging the governments to open up its coffers In the years after the Second World War, financial crises were frequent. But the current contagion has thrown many countries off guard. There is little or no experience to guide countries on how to tackle such an epidemic. The only alternative, widely adopted now, has been to suspend business as usual and coerce...
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