Category: economy

Who is bent upon decimating the Auto Sector in India?

Lalit Shastri Bajaj Auto Chairman, Rahul Bajaj, while addressing shareholders at the company’s annual general meeting last month (July 2019), held the government responsible for falling demand and poor private investments in India. The auto industry is going through a very difficult period. Cars, commercial vehicles, and two-wheelers are going through a rough patch –

Continue reading

FM, GDP, Economic Survey: Where FM has bungled on the Budget?

Bhagyashree Pande   The Chief Economic Advisor (CEA), in the Economic Survey put out a day before the budget, has taken the latest GDP of Rs 1.9 lakh cr with 11% growth as put out by the Controller General of Accounts (CGA)¹ because they were released as late as 31 May 2019. These last set

Continue reading

PM Modi, FM & Investment: Can investor confidence be won over a Budget?

Bhagyashree Pande   These are some prominent reasons why private investors continue to be wary of the government. This government would do well to look at the 80’s and 90’s of the 20th Century, when most investments took place in India. What the government in those days did well to inspire investor confidence. For beginners

Continue reading

US-China Trade War Escalation Could Knock 0.4pp Off World GDP by 2020: Fitch Ratings

Newsroom24x7 Network The imposition by the US of 25% tariffs on the remaining USD300 billion of imports from China would reduce world economic output by 0.4pp in 2020, Fitch Ratings says. Global GDP growth would slow to 2.7% this year and 2.4% next year, compared with our latest “Global Economic Outlook” baseline forecasts of 2.8%

Continue reading