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Covid's second blow - The Hindu BusinessLine


Covid’s second blow
It’s too early to predict its impact on the economy
India managed its first wave of Covid-19 reasonably well due to the Centre’s timely actions by the central government.
Unlocking the economy since June 2020 was calibrated systematically. The revival of the economy was rapid and ‘V’-shaped. By the third quarter of FY21, the confidence level was high partly due to the availability of anti-Covid vaccines and more importantly due to recovery of economic activities to the pre-Covid level.
However, this also led to complacency leading to reckless social gatherings, including Kumbh Mela, farmers’ agitation, and election campaigns which caused the second wave to spread like wild-fire. ....

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Fast changing growth-inflation dynamics - The Hindu BusinessLine


Uncertain times: Will the festival season buying sustain?   -  The Hindu×
A ‘V’-shaped recovery seems to be on the cards, but informal and services sectors continue to remain laggards
The contraction of India’s real GDP at 7.5 per cent in Q2 FY21 was much better than expected by professional forecasters as against a deep contraction of 23.9 per cent in Q1. This has brightened a V-shaped recovery of the economy going forward.
Pessimists predicting U/L/K-shaped recovery have been silenced. Even the RBI’s predictions of GDP contraction in Q2 FY21 (9.8 per cent in October 2020 policy and 8.5 per cent in the current forecast) were on the higher side (Table 1). ....

Moody Investors Service , Goldman Sachs , World Bank , Head Of The Monetary Policy Department , Fitch Rating , Investors Service , Principal Advisor , Monetary Policy Department , மனநிலை முதலீட்டாளர்கள் சேவை , கோல்ட்மேன் சாக்ஸ் , உலகம் வங்கி , தலை ஆஃப் தி பண பாலிஸீ துறை , ஃபிட்ச் ரேடிஂக் , முதலீட்டாளர்கள் சேவை , பண பாலிஸீ துறை ,