-The Hindu Using the latest quarterly estimates to point to an economic rebound seems flawed; recovery is likely to remain modest The decline in the quarterly GDP growth rate, by 7.5% during July-September 2020 (FY 2020-21: Q2), compared to a 24% decline in the first quarter has raised expectations of a sharp economic recovery after the novel coronavirus pandemic and the national lockdown. But is such optimism justified? A tracker India’s GDP at current...

-Livemint.com/ PTI * 'Despite being the worst affected sector in Q1(due to lockdown), it is quite puzzling how manufacturing turned itself around in Q2,' says Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI * There is evidence of inventory buildup that could act as a drag on future manufacturing growth, says Ghosh New Delhi: The surprise resilience shown by the manufacturing sector that restricted GDP contraction to only 7.5 per cent in September...

-The Hindu Country enters technical recession. India’s Gross Domestic Product (GDP) contracted 7.5% in the second quarter of 2020-21, following the record 23.9% decline recorded in the first quarter, as per estimates released by the National Statistical Office on Friday. The country has now entered a technical recession with two successive quarters of negative growth. However, the economy’s performance between July and September when lockdown restrictions were eased is better than most rating...

-The Hindu A new publication contends that their lockdown misery was no anomaly but an effect of exclusion from full citizenship When Prime Minister Narendra Modi announced the world’s most stringent lockdown on March 24, 2020 with barely four hours notice, lakhs of migrant workers across the country found themselves trapped in a novel situation: their livelihood in the city was gone, but they could not return to their native villages. The...

-The Hindu In Delhi, two evening markets were ordered to be shut for violating COVID-19 norms. A large percentage of the world’s population is gripped by vaccine hesitancy, experts believe as a coronavirus vaccine appears more likely in the next couple of months. Vaccine hesitancy, which is defined as reluctance or refusal to vaccinate despite availability of vaccines, is feared to grip up to 40 to 50% of the world’s population, according to...