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India's effort to boost consumption through government spending and low interest rates is paying off, with the economy gaining strength just as a new coronavirus variant emerges as the top threat to a global recovery.
Private-equity (PE) firms Bain Capital and Hellman & Friedman acquire athenahealth, a cloud-based healthcare technology company for $17B.
That recovery in consumer optimism may be just around the corner, according to a survey by the Reserve Bank of India. While households were downbeat about the current economic conditions, they are hopeful about the year ahead prospects, the RBI said.
Read more about RBI assures liquidity for economy, keeps growth revival top priority on Business Standard. MPC unanimously votes in favour of keeping rates on hold and maintaining accommodative monetary policy stance.
Read more about GDP growth springs a positive surprise: Four implications for FY22 on Business Standard. The positives apart, it is clear consumption can't rebound meaningfully without large-scale vaccination; the good news is the rate is likely to improve steadily in the coming months