GDP – March’20 Analysis

The much-awaited GDP data, released yesterday by MOSPI, shows that economy expanded by 3.1% during the quarter ended March’20, lowest in all the quarters since the beginning of current series (2011-12). While the decline puts the economy in a grim situation, what is even more concerning is that growth rate for the first nine months (April-Dec’19) has been revised down from 5.1% to 4.5%. This puts a question mark over this quarter numbers also and there is a high likelihood that this may also see a downward. Nevertheless, here is a brief analysis of GDP and its constituents. Continue reading GDP – March’20 Analysis

Analyzing the Impact of Covid-19 on Global Debt – IMF Report

Covid-19 is not only leading to unprecedented loss of human lives, it is leading to a huge economic cost too. Governments are borrowing extraordinary amount of money to make up for the lost revenue and to provide support to individuals and corporate. As per an IMF report, the recourse would lead to sharp increase in … Continue reading Analyzing the Impact of Covid-19 on Global Debt – IMF Report
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Understanding India’s Covid-19 Relief Package.

The Finance Minister’s Covid-19 relief package announcement, spread over five long days, has not been very encouraging, at least, from the immediate perspective. While a few of the measures are ground breaking, others look either rehash, contingent upon being passed by the Parliament or would take years to be implemented. Among the missing pieces are … Continue reading Understanding India’s Covid-19 Relief Package.
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Covid-19 and Global Economies – Analyzing March’20 Performance

Global economy faces the specter of entering into a recession with major  economies recording sharp decline during March’20. An economy is said to have entered into recession if its GDP declines for two consecutive quarters. Yet, Q1’20 was milder and countries must brace for even bigger shock in the current quarter. Here is a look at the details based on preliminary data for US, EU and China accounting for two-thirds of global GDP.   Continue reading Covid-19 and Global Economies – Analyzing March’20 Performance