De-globalisation, a business truth in post-pandemic world: survey
4 years, 7 months ago

De-globalisation, a business truth in post-pandemic world: survey

The Hindu  

With India Inc. on lockdown, businesses have taken a hit like never before. A study from Feedback Consulting, a Bengaluru-based B2B market research and business advisory firm, has tried to gauge the impact of COVID-19 on businesses across sectors and the economy through this survey. “In April 2020, about 146 business leaders participated in this web-based survey which was conducted across various sectors including Auto, Agriculture, BFSI, Chemicals, Energy, Pharma, Healthcare, Education, Construction, IT and Services, to name a few,” a release said. As a result of the pandemic, about 84% of the business leaders expect global supply chains to undergo a major realignment while digital/tech adoption would increase at a faster pace. One in three business leaders believe India’s recovery will be better than the global economy.

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History of this topic

‘Inflation, geopolitics key global economic hurdles’: Nirmala Sitharaman
4 weeks, 1 day ago

‘Inflation, geopolitics key global economic hurdles’: Nirmala Sitharaman

Hindustan Times  

NEW DELHI: The world’s immediate priority for this decade should be the restoration of normalcy to stem rising inflation, Union finance minister Nirmala Sitharaman said on Wednesday, listing equitable solutions for climate change, prudent debt management, industry-led skilling of youth, and coexistence of big and small firms as other decadal challenges for the global community. Detailing her priorities for a …

India will be third largest GDP by 2027, says Nirmala
1 year, 1 month ago

India will be third largest GDP by 2027, says Nirmala

Deccan Chronicle  

New Delhi: Terming the India-Middle East-Europe Connectivity Corridor as one of the most promising connectivity projects, Union finance minister Nirmala Sitharaman on Wednesday said that it would be a win-win situation for all stakeholders who are involved in bringing efficiency in transportation, reducing logistic costs, increasing economic unity, generating employment, and lowering greenhouse gas emissions. The country’s economic growth is …

India is making its mark in the world
1 year, 7 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

The global economy needs a new powerhouse. India is stepping up
1 year, 11 months ago

The global economy needs a new powerhouse. India is stepping up

Live Mint  

India’s economic transformation is kicking into high gear.Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. “India is on the cusp of huge change,” said Nandan Nilekani, a founder of Infosys Ltd., one of the nation’s largest technology services companies. “A lot of companies feel that given its size, given its young …

India is a glimmer of hope in a slowing world
2 years ago

India is a glimmer of hope in a slowing world

Live Mint  

As we welcome 2023, there is much to be optimistic about and as much to reflect on. From bringing global manufacturing and supply chains to India to striking astute bilateral trade deals to building the much-needed infrastructure at a steady pace, the Prime Minister has dramatically altered not only the ease of doing business but also rendered the country a …

Can India Capitalise on China’s Zero-Covid Failure And Become the Future Factory of the World? - News18
2 years, 1 month ago

Can India Capitalise on China’s Zero-Covid Failure And Become the Future Factory of the World? - News18

News 18  

Covid protests have gripped several cities of China, including Beijing and Shanghai, spilling over to Hong Kong with even Chinese embassies in global metropolises like London, Paris and Tokyo as well as universities in US and Europe. Can tensions surrounding China’s zero-Covid policy present an opportunity for India to rejig supply chain models? While the total global manufacturing value added …

Pandemic in perspective
2 years, 3 months ago

Pandemic in perspective

The Hindu  

Published : Oct 06, 2022 09:30 IST Over the last two years, numerous books and articles have been authored on the socio-economic fallout and policy shortcomings pertaining to the COVID-19 pandemic. The Making of a Catastrophe: The Disastrous Economic Fallout of the COVID-19 Pandemic in India By Jayati Ghosh Aleph Books, 2022 Pages: 296 Price: Rs.799 More specifically, Ghosh provides …

The post-pandemic economic question
2 years, 8 months ago

The post-pandemic economic question

Hindustan Times  

Unless there is a surge in Covid-19 deaths — India has learnt to manage its economy better in every successive wave — the economy is unlikely to suffer any unexpected shocks. This brings up the most important post-pandemic question: What is India’s growth potential and has the pandemic left any permanent scars on this ability? Reserve Bank of India ’s …

Economy may take more than a decade to overcome COVID-19 losses: RBI report
2 years, 8 months ago

Economy may take more than a decade to overcome COVID-19 losses: RBI report

The Hindu  

The Indian economy may take more than a decade to overcome the losses caused by the outbreak of COVID-19 pandemic, according to Reserve Bank of India’s Report on Currency and Finance. Taking actual growth rate of 6.6% for 2020-21, 8.9% for 2021-22 and assuming growth rate of 7.2% for 2022-23 and 7.5% beyond that, India is expected to overcome COVID-19 …

An already slowed Indian economy faces fresh risks
2 years, 10 months ago

An already slowed Indian economy faces fresh risks

Al Jazeera  

Rising crude oil prices and supply disruptions following Russia’s invasion of Ukraine could further sap an Indian economy already slowed by COVID-19, posing risks to household spending and private investments, economists have said. The “surge in oil prices as a result of the crisis poses considerable risks to the Indian economy”, Aditi Gupta, an economist at Bank of Baroda, said …

Omicron worry: India's economic recovery could face disruption again, says UN
2 years, 11 months ago

Omicron worry: India's economic recovery could face disruption again, says UN

India Today  

The deadly wave of Delta variant-driven Covid infection claimed 240,000 lives between April and June last year and disrupted the economic recovery. “Similar episodes could take place in the near term,” the United Nation’s Economic forecast for India has stated, amid a rising number of Omicron infections in the country. However, India’s economic recovery is on a solid path, amid …

Covid-19: Omicron surge cripples several businesses, to hit economic recovery
3 years ago

Covid-19: Omicron surge cripples several businesses, to hit economic recovery

India Today  

A fresh wave of Covid-19 infections in India has cast a shadow over economic recovery as several sectors have been impacted by fresh restrictions that have been announced in view of the situation. Numerous businesses spanning across multiple sectors have been impacted in light of the fresh restrictions imposed by states. While many people are still travelling despite the fresh …

Jaishankar bats for domestic production over unchecked globalisation
3 years ago

Jaishankar bats for domestic production over unchecked globalisation

The Hindu  

The COVID-19 pandemic has brought India’s capabilities and need for more domestic production rather than unchecked globalisation, External Affairs Minister S. Jaishankar said on Tuesday, speaking at a technology summit, where he said that to foster technology growth, the nation must seek more education, skills, start-ups, supply chains and jobs to be created internally. Domestic supply chain “The idea that …

How has COVID-19 affected global economy?
3 years ago

How has COVID-19 affected global economy?

Al Jazeera  

COVID-19 continues to take its toll on people and the economy. It was on March 11 last year since the word “pandemic” essentially took over global life. COVID-19 infections are rising again, and health officials are urging countries to speed up their vaccination drives, to contain new outbreaks and the spread of more dangerous mutations. It is not a great …

Firms see Covid as top risk
3 years ago

Firms see Covid as top risk

Deccan Chronicle  

Mumbai: Covid-19 has emerged as the number one risk among the various risk factors disclosed by companies launching their initial public offerings, according to their red herring prospectus. Be it equity or debt offerings that recently hit the primary market or are in the pipeline, companies across the sectors are disclosing the ways in which Covid-19 could have a material …

COVID-19 and Pharmaceuticals: International & national collaborations will increase India's business prospects
3 years, 3 months ago

COVID-19 and Pharmaceuticals: International & national collaborations will increase India's business prospects

Firstpost  

COVID-19 has been a stark reminder of the importance of uninterrupted access to medicines and health products. As the world’s eleventh largest exporter, India accounted for 2.6 per cent of global pharmaceutical exports in 2019. COVID-19 vaccines being manufactured and distributed by Indian pharmaceutical companies, such as the Serum Institute of India, Bharat Biotech and Dr Reddy’s Laboratories, are being …

Improving the economic game
3 years, 3 months ago

Improving the economic game

The Hindu  

The Quad meets in a landmark physical summit this week. India’s total trade with the three Quad partners was over $108 billion in 2020-21, accounting for almost 16% of its total merchandise exports and imports. Business partnerships To advance their goals for a free, open and inclusive Indo-Pacific, the four participants of Quad must activate business partnerships meaningfully with definitive …

Explained: Is India's economy gaining immunity against Covid-19?
3 years, 4 months ago

Explained: Is India's economy gaining immunity against Covid-19?

India Today  

India’s economy is on track to rebound sharply after two waves of the Covid-19 pandemic dampened growth during all four quarters of FY21. A majority of financial analysts predict GDP growth at 18-20 per cent in the June quarter and remain optimistic about economic recovery in upcoming quarters as the second wave fades and more Indians get vaccinated against the …

Explained: Why India's economy needs a manufacturing push
3 years, 4 months ago

Explained: Why India's economy needs a manufacturing push

India Today  

India’s economy needs a strong manufacturing push as the nation’s dominant services sector struggles to return to normalcy after two deadly waves of the Covid-19 pandemic. Read | Covid-19: India’s services activity in May contracts for 1st time in 8 months SLOW PROGRESS IN MANUFACTURING Even before the pandemic brought the economy to a standstill in 2020, growth in India’s …

Tap opportunities in post-COVID world to meet $400 billion export target, says PM to heads of Indian missions abroad
3 years, 5 months ago

Tap opportunities in post-COVID world to meet $400 billion export target, says PM to heads of Indian missions abroad

Firstpost  

Addressing Indian missions and Export Promotion Councils, Modi said that factors, including multifold increase in manufacturing, reduction in logistics cost and international market for domestic goods can help boost the country’s outbound shipments New Delhi: Prime Minister Narendra Modi on Friday called upon the industry and exporters to take advantage of opportunities created in the post-Covid scenario, explore new destinations …

India's economy shows signs of recovery as factory activity rises in July
3 years, 5 months ago

India's economy shows signs of recovery as factory activity rises in July

India Today  

India’s economy has shown signs of recovery in July as factory activity rebounded on the back of rising domestic and international demand. IHS Market’s survey confirmed that output rose at a robust pace, with over one-third of companies noting a monthly expansion in production as business rebound and Covid restriction ease. Read | Factory activity shrinks for first time in …

Explained: How businesses plan to expand as Covid situation improves
3 years, 5 months ago

Explained: How businesses plan to expand as Covid situation improves

India Today  

Several businesses in the country are planning to expand as the Covid-19 situation improves after the deadly second wave. A retail sales boost is crucial for India’s economic recovery, which was unceremoniously halted by the second Covid-19 wave. FABINDIA’S EXPANSION DRIVE Fabindia, one of the country's most well-known retail chains dealing in a variety of ethnic and handmade products, plans …

State of working India 2021: The pandemic’s impact on the economy in India
3 years, 5 months ago

State of working India 2021: The pandemic’s impact on the economy in India

Hindustan Times  

This report documents the impact of one year of Covid-19 in India, on jobs, incomes, inequality, and poverty. On top of this, there were legacy problems such as a slow rate of job creation and lack of political commitment to improving working conditions which trapped a large section of the workforce without access to any employment security or social protection. …

The global trade map after Covid-19
3 years, 5 months ago

The global trade map after Covid-19

Hindustan Times  

In the wake of rising protectionism over the last half decade, the sudden economic stops wrought by Covid-19, the corollary disruptions of supply chain activity, and shocks to supply and demand, commentators from across the globe have trumpeted the ‘end’ of globalisation. Looking beyond goods, cross-border exchanges of services, as well as flows of finance, and exchanges of human capital …

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21
3 years, 7 months ago

Indian economy, hit by COVID-19, shrinks by 7.3% in 2020-21

Associated Press  

NEW DELHI — India’s economy, pummeled by the coronavirus pandemic, contracted by 7.3% in the 2020-21 financial year, just before the country was hit by another catastrophic surge in infections. Daily new cases set global records, spurring many states to announce widespread restrictions and lockdowns. In January, a government survey estimated the economy -- previously one of the fastest growing …

Indian economy's ability to rebound on test amid threats from second wave
3 years, 7 months ago

Indian economy's ability to rebound on test amid threats from second wave

Hindustan Times  

The Indian economy’s resilience will be tested by its ability to overcome a devastating outbreak of Covid-19, although no one’s yet doubting its potential to pull off the world’s fastest pace of growth among major economies this year. Data due later Monday will probably show gross domestic product grew 1% in the three months ended March, making it the second …

India’s economic report card is drenched in red ink
3 years, 7 months ago

India’s economic report card is drenched in red ink

Live Mint  

India’s nascent economic recovery has been derailed by the second covid-19 wave even before it could gather steam. Launched in October 2018, Mint’s macro tracker provides a monthly state-of-the-economy report based on trends in 16 high-frequency indicators across four segments: consumer economy, producer economy, external sector, and ease of living. A year ago, during the first nationwide lockdown, 13 of …

India can help change global supply chains: Foreign minister Jaishankar
3 years, 7 months ago

India can help change global supply chains: Foreign minister Jaishankar

Hindustan Times  

Union minister of external affairs S Jaishankar on Thursday spoke on shaping the post-coronavirus era with a specific relevance to the role that Asia would play at the 26th ‘Future of Asia’ Conference organized by Nikkei. Foreign minister S Jaishankar He said among other things coronavirus disease has reshaped the world by changing the perceptions and calculations of nations about …

COVID Pandemic Has Disrupted Global Value Chains, India Must Reorient Its Trade Policy
3 years, 8 months ago

COVID Pandemic Has Disrupted Global Value Chains, India Must Reorient Its Trade Policy

News 18  

The COVID-19 pandemic has exposed existing vulnerabilities associated with international trade, especially for developing countries that are heavily linked into existing global value chains. Diversification has also occurred in terms of destination markets, with the total share of India’s leading export markets declining from 50 per cent in 2010-11 to 45.5 per cent in 2018-19. However, resource-based exports and low-tech …

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P
3 years, 8 months ago

Second Covid Wave Poses Downside Risks to India's Economic Growth: S&P

News 18  

S&P Global Ratings on Wednesday said the second wave of Covid infections poses downside risks to India’s GDP and heightens the possibility of business disruptions. Last week another global rating agency Fitch had projected India’s economic growth in current fiscal at 12.8 per cent, while Moody’s Investors Service had earlier this month said that the second wave of Covid infections …

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB
3 years, 8 months ago

India's GDP to Grow at 11% This Fiscal, Surge in Covid Cases May Put Economic Recovery at Risk: ADB

News 18  

The Indian economy is projected to grow at 11 per cent in the current financial year amid the “strong” vaccine drive, said ADB on Wednesday, while cautioning that the recent surge in Covid cases may put the country’s economic recovery at “risk”. “India’s economy is expected to grow 11 per cent in fiscal year 2021, which ends on March 31, …

World has failed India, says top US adviser Dr Fauci as surging Covid cases ravage country
3 years, 8 months ago

World has failed India, says top US adviser Dr Fauci as surging Covid cases ravage country

India Today  

Dr Anthony Fauci, US's chief medical adviser, has said the world and wealthier nations, in particular, have failed India, which is now overwhelmed with the massive number of Covid-19 cases and deaths being recorded every day. "The only way that you’re going to adequately respond to a global pandemic is by having a global response, and a global response means …

Economic impact of 2nd Covid-19 wave could worsen in coming weeks. Here's why
3 years, 8 months ago

Economic impact of 2nd Covid-19 wave could worsen in coming weeks. Here's why

India Today  

A sharp surge in daily cases during the second wave of the Covid-19 pandemic has led to stricter lockdowns in most states. Brokerage firm Nomura recently said in a report that the pace of business activity resumption has taken a huge knock due to the mobility restrictions across Indian states. Business activity in India has started plummeting since the second …

Will covid-19 halt India’s economic recovery once again?
3 years, 9 months ago

Will covid-19 halt India’s economic recovery once again?

Live Mint  

After months of erratic economic performance, India’s economic momentum had picked up pace last February, only to be stopped on its tracks by a global pandemic. Mint’s macro tracker shows a steady improvement in economic indicators over the past few months but a renewed surge in infections once again poses a threat to economic activity and investor sentiments. Launched in …

India Setting an Example in 3 Key Issues of Real Globalisation in a Post-Covid World: S Jaishankar
3 years, 10 months ago

India Setting an Example in 3 Key Issues of Real Globalisation in a Post-Covid World: S Jaishankar

News 18  

External affairs minister S Jaishankar has said that Covid-19 has taught the world that real globalisation needs to be defined in terms of pandemics, climate change and terrorism, and India over the last few years has taken a lead with its efforts in all these spheres. He also pointed out that India’s vaccine diplomacy under Prime Minister Narendra Modi, who …

India Has Shown Great Progress in Reducing Number of Covid-19 Cases, Says WHO Chief
3 years, 11 months ago

India Has Shown Great Progress in Reducing Number of Covid-19 Cases, Says WHO Chief

News 18  

India has shown great progress in significantly driving down the number of Covid-19 cases, said WHO Director-General Tedros Adhanom Ghebreyesus in an online news briefing from Geneva on Friday, February 5. “This shows us that if we can do these simple public health solutions, we can beat the virus…With vaccines being added, we would even expect more and better outcomes,” …

Kandaswami Subramanian reviews Indian Economy’s Greatest Crisis, by Arun Kumar
3 years, 11 months ago

Kandaswami Subramanian reviews Indian Economy’s Greatest Crisis, by Arun Kumar

The Hindu  

It is difficult to keep abreast of the flow of writings on the genesis and spread of the COVID-19 infection by medical experts and by economists on its economic impact. Weaknesses exposed Prof. Joseph Stiglitz, a Nobel laureate, observed in a session of the UN General Assembly, “The crisis exposed weaknesses in economies, governments, and societies, with developed countries unable …

China economy recovered fastest post pandemic: NITI Aayog
4 years ago

China economy recovered fastest post pandemic: NITI Aayog

Live Mint  

China gained the most during the covid-19 pandemic and its economy recovered the fastest, while India continues at a slow pace, experts of NITI Aayog said. An expected shift of manufacturing from China to India in the next few years could boost local production, the experts said during a meeting of the parliamentary standing committee on finance on ‘The long-term …

2020: How Coronavirus Pandemic Maybe a Masked Opportunity for Indian Startup Ecosystem
4 years ago

2020: How Coronavirus Pandemic Maybe a Masked Opportunity for Indian Startup Ecosystem

News 18  

Life as an Indian startup has always been an uneven ride. This last decade has seen the startup ecosystem grow exponentially, with over USD 14.5 billion worth of capital raised in 2019 alone. Today, as I look back at a year that has challenged our nation’s startup ecosystem like never before, I think it’s time to draw inspiration from the …

2020 Recap: How India survived COVID-19 pandemic - a series of lockdowns, unlocks
4 years ago

2020 Recap: How India survived COVID-19 pandemic - a series of lockdowns, unlocks

India TV News  

The year 2020 began with the fight against coronavirus, and it came with one of the most impactful changes in all our lives - the lockdown. On April 14, Prime Minister Modi announced the extension of nationwide lockdown till May 3 Phase 2 Commonly referred to as Lockdown 2.0, this period came in with a conditional relaxation promised after April …

Resilient supply chains as a pandemic lesson
4 years ago

Resilient supply chains as a pandemic lesson

The Hindu  

A key lesson learnt by the world during the COVID-19 pandemic has been the importance of creating resilient supply chains that can withstand disruptions and ensure reliability for the global economy. For many Japanese companies, global performance and profits are linked to manufacturing facilities and supply chains in China. For instance, the pandemic caused a breakdown in global supply chains …

‘Supply chain shift from China may benefit India’
4 years ago

‘Supply chain shift from China may benefit India’

The Hindu  

India could benefit from the likely shift in global supply chains from China to other economies in the aftermath of the COVID-19 pandemic, according to a survey. Nearly 70% of the survey participants have said India could benefit from this move and they expect a fair share of manufacturing to shift from China to India in the near future,” said …

COVID-19 disrupted technology, how we work, global supply chains: Here’s what to look forward to in 2021
4 years ago

COVID-19 disrupted technology, how we work, global supply chains: Here’s what to look forward to in 2021

Firstpost  

If there was one company that saw a significant uptake post-lockdowns, it was video conferencing service, Zoom. Boycott China didn’t make a dent With COVID cases on a significant rise in China even before March, the global supply chain was completely off-track since the start of the year. Govt is also pushing for PLI schemes for laptops, wearables is another …

India to Witness Double-digit Growth in Next Fiscal: Report
4 years ago

India to Witness Double-digit Growth in Next Fiscal: Report

News 18  

New Delhi: Having gone through a rough patch on account of the coronavirus pandemic, the Indian economy is expected to record a double-digit growth at 10 per cent in 2021-22, according to a report. Stronger car sales, rising production of finished steel and diesel consumption, and higher goods and services tax revenue collections indicate that the economy has bounced back …

India to witness double-digit growth in next fiscal: Deloitte report
4 years ago

India to witness double-digit growth in next fiscal: Deloitte report

Live Mint  

Having gone through a rough patch on account of the coronavirus pandemic, the Indian economy is expected to record a double-digit growth at 10% in 2021-22, according to a report. The PMI Manufacturing Index is at its highest since 2008," said the report titled 'Voice of Asia' prepared by Deloitte. Stronger car sales, rising production of finished steel and diesel …

From restaurants to retailers, virus transformed economies
4 years ago

From restaurants to retailers, virus transformed economies

Associated Press  

NEW YORK — It would be just a temporary precaution. “We’ve pivoted so much.” Optimistically, some experts detect a collective hunger to return to the old ways, at least for people with the means to do so — to the familiar and comfortable routines of gathering at bars, dining in restaurants, strolling in stores, flying off on vacation. “I don’t …

India Will Be Worst Affected Among Major Economies Even After Coronavirus Pandemic Wanes: Report
4 years, 1 month ago

India Will Be Worst Affected Among Major Economies Even After Coronavirus Pandemic Wanes: Report

News 18  

India will be the worst affected among the world’s major economies even after the coronavirus pandemic wanes, with output 12% below pre-virus levels through the middle of the decade, according to global forecasting firm Oxford Economics. “We forecast India’s growth equilibrium to worsen substantially over the medium term, with potential growth averaging just 4.5% over 2020-2025 in our latest baseline, …

2020 could be for manufacturing what 1991 was for our economy
4 years, 2 months ago

2020 could be for manufacturing what 1991 was for our economy

Live Mint  

India, once a predominantly agrarian economy, has come to be acknowledged globally as a software/ information technology giant. While there have been state interventions aimed at industrialization, ranging from the “temples of modern India” to special economic zones, an Indian manufacturing revolution never really took off in earnest. His government launched an ambitious “Make in India” programme in September 2014 …

Need to ensure timely, equitable availability of Covid-19 vaccines: Piyush Goyal
4 years, 2 months ago

Need to ensure timely, equitable availability of Covid-19 vaccines: Piyush Goyal

Live Mint  

New Delhi: The Union Commerce and Industry Minister Piyush Goyal has called upon the global community to ensure timely and equitable availability of vaccines and medicines for coronavirus, in sufficient quantities and affordable prices. "The need of the hour is to take effective measures to address the immediate challenges, and also prepare a long-term roadmap on how to reform an …

Opinion | Covid and its impact on economy and MSMEs
4 years, 2 months ago

Opinion | Covid and its impact on economy and MSMEs

Live Mint  

The covid-19 pandemic is the most significant economic event in our lifetime. What this growth looks like As many businesses are seeing today, digital adoption can be a short-term solution to aid business continuity, but many are yet to see this as a long-term solution to build business resilience. Through digital adoption and technology access, MSMEs can modernize not only …

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