India Ratings and Research (Ind-Ra) has revised its FY20-21 gross domestic product (GDP) growth of India down to 3.6% from 5.5%. The key reasons are: the spread of COVID-19 and the resultant nation-wide lock-down imposed till 14 April 2020, crippling most economic and commercial activities....
Global monetary easing is now in full swing with the lead being taken by the US Federal Reserve. Thus the US Fed has cut policy rates to the zero bound, launched a new asset purchase program of at least $700 billion, expanded liquidity via repo operations and undertaken other measures to...
The Indian government may use the falling crude oil prices to further increase excise duty on petrol and diesel in the country to raise additional resources required for keep rising deficit under check and meet additional expenditure needs arising from coronavirus (COVID-19) outbreak. In...
The year 2020 has commenced on a very bad note. The novel Coronavirus, now COVID-19, emerged in mainland China around January and has spread to over 170 countries. In a world where the existing body of work on economics was struggling to explain prolonged economic headwinds since the 2008...
Global credit rating agency Standard and Poor's (S&P) on Wednesday lowered the forecasts for India to 5.2 per cent from the earlier 5.7 per cent.
In a statement S&P Global Ratings said: "We lower our forecasts for China, India, and Japan for 2020 to 2.9 per cent, 5.2 per cent and...
