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Rising fuel prices further dent stressed sectors of India's economy

The Baddi-Barotiwala-Nalagarh industrial hub in Himachal Pradesh, surrounded by a panoramic view of the Shivalik hills, is home to Asias largest pharmaceutical manufacturing hub. It is serviced by a fleet of 13,000 trucks from small- and medium-sized transporters who have banded together to form the Nalagarh Truck Operators Union, Asias largest truck union. In the past, whenever the union ran into friction with industry, it held its ground. For instance, in July 2020, when the union increased...
India General Madhya Pradesh Himachal Pradesh New Delhi Mukesh Anand Bal Malki Singhji

Bankruptcy: For a 90% haircut, try India's bankruptcy salon

Five years ago, India came up with a legal answer to its perennial economic challenge of rescuing the money stuck in zombie firms. Unlike China, which has the cushion of high savings, India’s inefficient use of limited domestic capital has meant a chronic inability to put its swelling ranks of youth to work. After toying with the idea for more than a decade, the solution New Delhi hit upon was a modern bankruptcy code. The numbers have been a mixed bag. According to an analysis by REDD Intel...
Republic Of United States New Delhi Ananth Narayan Naresh Goyal Anil Agarwal

India needs a new round of bankruptcy reform that won't stiff creditors

Five years ago, India came up with a legal answer to its perennial economic challenge of rescuing the money stuck in zombie firms. Unlike China, which has the cushion of high savings, India’s inefficient use of limited domestic capital has meant a chronic inability to put its swelling ranks of youth to work. After toying with the idea for more than a decade, the solution New Delhi hit upon was a modern bankruptcy code. The numbers have been a mixed bag. According to an analysis by REDD Int...
Republic Of United States New Delhi Ananth Narayan Naresh Goyal Anil Agarwal

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indian economy: View: India should not chase dreams of yet another V-shaped recovery

During the current surge in cases, there have been only local restrictions on physical activity. Thats making some analysts optimistic about the resumption of growth that will inevitably occur when the coronavirus fully recedes. Yet there are several crucial difference from last year that could make it harder for India to bounce back.
United States Ananth Narayan Sunil Kumar Sinha Standard Chartered Plc Research Ltd Fitch Ratings Ltd

India Won't Get A V-Shaped Recovery This Time

India Won’t Get a V-Shaped Recovery This Time Jun 01 2021, 6:06 PM June 01 2021, 10:53 AM June 01 2021, 6:06 PM (Bloomberg Opinion) -- The V-shaped economic recovery that India’s policy makers obsessed over in 2020 did eventually materialize. It won’t be repeated after this year’s Covid-19 carnage. (Bloomberg Opinion) -- The V-shaped economic recovery that India’s policy makers obsessed over in 2020 did eventually materialize. It won’t be repeated after this yea...
United States Ananth Narayan Andy Mukherjee Sunil Kumar Sinha Standard Chartered Plc Research Ltd

India won't get a V-shaped recovery this time - The Hindu BusinessLine

India won’t get a V-shaped recovery this time Bloomberg June 1 | Updated on June 01, 2021 × There are several crucial differences from last year that could make it harder to bounce back The V-shaped economic recovery that India’s policy makers obsessed over in 2020 did eventually materialise. It won’t be repeated after this year’s Covid-19 carnage. To see why, start with the fading momentum. Government statistics released Monday showed 1.6 per cent growth in gross domestic product fro...
United States Ananth Narayan Sunil Kumar Sinha Standard Chartered Plc Research Ltd Fitch Ratings Ltd

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