Kumar Mangalam Birla says markets are too euphoric and the economists are too pessimistic
Sanchita DashJan 25, 2021, 18:09 IST
BCCL
One of India’s biggest billionaires, referring to the bull run in the markets, said economists are now searching for alphabets that will adequately describe this trend of cautious optimism.
The Reserve Bank of India in its financial stability report pointed out that the ‘disconnect’ between India’s
stock market and economy definitely poses risks to financial stability.
Birla said that several indicators like GST collections, electricity demand, railway freight movement and passenger vehicle sales have shown positive growth numbers in the recent months.Kumar Mangalam Birla, one of India’s biggest business leaders and the owner of the over $48 billion
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One of India s biggest money managers explained ‘the mother of all bull runs’ using Amitabh Bachchan-starrer Amar, Akbar, Anthony
One of India s biggest money managers explained ‘the mother of all bull runs’ using Amitabh Bachchan-starrer Amar, Akbar, Anthony
Rounak JainJan 20, 2021, 17:58 IST
Nilesh Shah, MD, Kotak, Kotak Mahindra Asset Management companyBusiness Insider India
Indian benchmark stock indices have nearly doubled since crashing in March 2020.
However, the economic situation might leave you confused if you compare it with the
stock market performance.
But there is a reason why the stock markets are on a bull run while the economy hasn’t picked up pace yet.
Travel, tourism jobs are back; 20.7 million employed in Dec quarter: CMIE
Travel and tourism sector, which saw its employment fall by 5.5 million during the severe lockdown of June quarter, employed 20.7 million people in December 2020 quarter
Chitranjan Kumar | January 19, 2021 | Updated 23:37 IST
Employment in travel and tourism sector rebounds to 20.7 million in December 2020 quarter
India s job market is on a road to recovery, with most of the sectors restoring many jobs that were lost due to coronavirus pandemic-led nationwide lockdown, raising hopes that the worst may be over. Mitigating the impact of lockdown, most of the sectors, including agriculture, services, real estate and construction, have seen some recovery in terms of employment, but jobs have moved from higher labour productivity sector to those with low productivity, says private think-tank CMIE.
Travel, tourism jobs are back; 20.7 million employed in Dec quarter: CMIE
Travel and tourism sector, which saw its employment fall by 5.5 million during the severe lockdown of June quarter, employed 20.7 million people in December 2020 quarter
Chitranjan Kumar | January 19, 2021 | Updated 23:37 IST
Employment in travel and tourism sector rebounds to 20.7 million in December 2020 quarter
India s job market is on a road to recovery, with most of the sectors restoring many jobs that were lost due to coronavirus pandemic-led nationwide lockdown, raising hopes that the worst may be over. Mitigating the impact of lockdown, most of the sectors, including agriculture, services, real estate and construction, have seen some recovery in terms of employment, but jobs have moved from higher labour productivity sector to those with low productivity, says private think-tank CMIE.
Durga Devi wakes up at 5.30 am to finish off cooking and cleaning for her family before starting work at 8.30 a.m. On returning home in the evening, she makes dinner and attends to her children. “I do not get any holidays, even on weekends,” she told
IndiaSpend over the phone. “When it comes to children’s exams or school issues, I have to take the day off from work and I lose pay for it.”
It is also not surprising to find more women in jobs on the lower-income spectrum. “Ragpickers and domestic help are mostly women,” said Ghosh. “There is an increase in informal factory work but women are still a minority, given the broader decline in recognised employment.”