-0.5% Year-on-year gross bank credit growth to micro and small enterprises remained negative in Oct 2021
60% Capacity utilisation at the aggregate level for manufacturing in Q1 of FY22, down from 69.4% in the previous quarter
40% Labour force participation rate compared to 43 per cent before the pandemic
THERE’S A GAME afoot amongst economists and all and sundry who are engaged in the matter of forecasting economic growth. It’s called Alphabet Economics. And it’s about predicting the shape of the GDP growth rate curve, after the battering received at the hands of the Covid-19 pandemic. Will it be a V? K? L? U? Or a W? India’s former chief economic advisor K.V. Subramanian is betting big on a V-shaped revival, while others including International Monetary Fund (IMF) Chief Economist Gita Gopinath are calling it a K-shaped one, indicating widening inequality or uneven recovery. Even the data indicates two alphabets—V and W (see charts). Plotting sequential quarterly GDP growth shows a W-shaped recovery (with two sharp dips), but plotting annualised GDP growth appears V-shaped, or as N.R. Bhanumurthy, Vice Chancellor of BASE University puts it—a smoking pipe-shaped recovery.
Despite the downside risks from the big O—the Omicron variant of the coronavirus—most economists believe that the worst may actually be behind us. And that Finance Minister Nirmala Sitharaman’s upcoming Union Budget 2022-23 could be an opportunity for the government to take the economy into acceleration mode with a targeted approach for key sectors to boost consumption, which remains weak.
Denne historien er fra January 23, 2022-utgaven av Business Today.
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Denne historien er fra January 23, 2022-utgaven av Business Today.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Pension Scheme - Safety Net
The move to introduce the UPS has evoked mixed reactions. Analysts believe its funding will have limited impact on the fiscal math
The Reit Choice?
Real Estate Investment Trusts (Reits) Are Gaining Traction As Interest Rates Stabilise. But Returns Could Be Affected By Adverse Economic Conditions And Market Volatility
CORPORATE - Calling to Account
The sudden exit of Byju's auditor BDO marks the latest in a long series of setbacks for the edtech firm
EMPLOYMENT: Skills Push
The skill development ministry plans to partner with the UGC to improve the employability of undergraduates
Building on a Vision
L&T'S CHAIRMAN EMERITUS A. M. NAIK HAS BUILT A MAMMOTH ENTERPRISE THAT IS BUILDING A NEW INDIA, FROM ITS METRO RAIL SYSTEMS TO THE RAM TEMPLE
"KYS more important than KYC"
Vijay Kedia is a renowned equity investor; the value of his listed portfolio stands at around ₹1,750 crore
ROXX STAR
THE THAR ROXX COMBINES LUXURY WITH PERFORMANCE TO MAKE A STRONG STATEMENT IN THE MID-SIZE SUV SEGMENT
HIT THE GROUND RUNNING
Smartwatches have become indispensable tools for runners, offering real-time insights into pace, distance, heart rate, and more. Here are a few you can consider
TURNING THE TABLES
INDIA'S FURNITURE MARKET IS POISED FOR A GLOBAL TAKE-OFF. ALREADY, A HOST OF GLOBAL BRANDS HAVE MADE THE COUNTRY THEIR HOME, BUT INDIAN COMPANIES ARE NOT TOO FAR BEHIND
THE EVOLUTION OF ATHERA
IDENTIFYING OPPORTUNITIES IN ADVANCE HAS STOOD THIS BENGALURU-BASED VC FUND IN GOOD STEAD. NOW, WITH A HEIGHTENED FOCUS ON TECHNOLOGY, IT WANTS TO SUSTAIN THE SUCCESS