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Investors straining to look beyond India's COVID-19 crisis


May 2, 2021
Indian financial markets have struggled this month as the world’s worst COVID-19 crisis engulfs the country but international investors are betting the economy will rebound quickly once the pandemic has passed. Data shows that more foreign investment money has left India this month than came in during the whole of the first quarter, as a catastrophic spike in deaths leaves the world’s second most populous country in turmoil.
Before the upsurge, the International Monetary Fund, banks and ratings agencies were all predicting an impressive double-digit rebound in growth this year, but many of those forecasts will now have to be ripped up. JPMorgan’s Indian economists have slashed their Q2 GDP estimates to a seasonally adjusted -16% quarter-on-quarter from 6.5% and still see risks of a larger stumble if the health crisis continues unabated. ....

Societe Generale , Jpmorgan Indian , Lombard Odier , Kiran Kowshik , Hasnain Malik , International Monetary Fund , Minister Modi , சமூகம் ஜெநர்யால் , ஜுப்ம்ொர்கண் இந்தியன் , ஹாச்னைந் மாலிக் , சர்வதேச பண நிதி , அமைச்சர் மோடி ,