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India’s GDP to contract eight per cent, set to be worst performer in South Asia

-The New Indian Express Bangladesh will post the best growth in the region growing at 5.2 per cent on the back of revived exports, said the Asian Development Bank in its Asian Development Outlook. NEW DELHI:  India’s GDP is expected to contract by 8 per cent in the current financial year and will be the worst performer in South Asia barring Maldives. Bangladesh will post the best growth in the region growing at...

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The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha

-Livemint.com Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter The first estimates of economic growth in the September quarter indicate that India’s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate...

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Maharashtra: Economy heads for a double-digit fall as business, consumption slow down -Sandeep A Ashar

-The Indian Express "In terms of Gross State Value Added or GSVA, the economy will likely see 7.4 per cent plunge in the October-December quarter from a year ago. To make matters worse, the number will only worsen further with demand remaining subdued,” a senior government source said. Mumbai: With business activity and consumption set back by Covid-19 cases, the state government’s latest economic forecast has projected 16.4 per cent contraction in...

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Agri industrialisation is need of the hour, and this calls for focus on secondary agriculture -Ashok Dalwai

-The Financial Express In part one of this article (Secondary agriculture is of primary importance; August 10; https://bit.ly/31H0h0E), the need to expand the market range both horizontally (territorial extension) and vertically (functional expansion), as also the role of agro-processing in achieving the latter in particular, were discussed. In this part, the article dwells upon promoting secondary agriculture on the shoulders of food and non-food processing. Current status of agro-processing The processing sector in...

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Recent reports predict gloomy days ahead for the overall economy

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...

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