4 - 10 January, 2020

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Weekly Updates on Indian Economy

(January 4th 2020 to 10th January 2020)

 

National Accounts and state of the economy

  1. Slowdown Upset the Applecart for All of us in the Economy

https://thewire.in/business/interview-economy-slowdown-sundaram-finance-md

  1. World Bank Sees Just 5.8% Growth For India in FY'21

https://thewire.in/economy/world-bank-india-growth-fy-21
https://www.business-standard.com/article/economy-policy/world-bank-sees-protracted-recovery-for-india-limited-fiscal-fillip-scope-120010900039_1.html

  1. India's Economy Expected to Grow at Over Ten-Year-Low in FY'20

https://thewire.in/economy/fy20-gdp-first-advance-estimates-predict-just-5-growth

  1. Govt must step up expenditure to revive growth in short term

https://www.livemint.com/budget/opinion/govt-must-step-up-expenditure-to-revive-growth-in-short-term-11578592000309.html

  1. The link between growth, demand and investment

https://www.livemint.com/news/india/the-link-between-growth-demand-and-investment-11578510333364.html

  1. Worst economy in 42 years needs an honest look

https://www.livemint.com/opinion/columns/opinion-worst-economy-in-42-years-needs-an-honest-look-11578509254318.html

  1. 5% growth cloud over Budget 2020

https://www.livemint.com/budget/news/5-growth-cloud-over-budget-11578418945199.html

  1. How Britain got ahead of us in economic development

https://www.livemint.com/opinion/columns/how-britain-got-ahead-of-us-in-economic-development-11578418906151.html

  1. India sees slowest growth since 2013 on weak consumption

https://www.livemint.com/budget/news/india-sees-slowest-growth-since-2013-on-weak-consumption-11578402585127.html

  1. GDP advance estimates: Govt pegs economic growth at 5% for FY20

https://www.livemint.com/news/india/gdp-advance-estimates-government-pegs-economic-growth-at-5-for-fy20-11578398476450.html

  1. Economy to pick up momentum in second half to end FY20 with 5% growth

https://www.livemint.com/news/india/economy-to-pick-up-momentum-in-2nd-half-to-end-fy20-with-5-growth-11578398423285.html

  1. Rich states hit hard by slowdown

https://www.livemint.com/news/india/rich-states-hit-hard-in-slowdown-11578389525946.html

  1. Give up Facebook for a month in exchange of $50 and help economists fix GDP

https://www.livemint.com/technology/tech-news/give-up-facebook-for-a-month-in-exchange-of-50-and-help-economists-fix-gdp-11578282186313.html

  1. Indian economy has capacity to bounce back’: Narendra Modi calls for focussed efforts to achieve $5 trillion target in NITI Aayog meeting

https://www.firstpost.com/india/indian-economy-has-capacity-to-bounce-back-narendra-modi-calls-for-focussed-efforts-to-achieve-5-trillion-target-in-niti-aayog-meeting-7886031.html

  1. Govt should infuse capital in economy without worrying about fiscal deficit; GDP growth for this fiscal on expected lines: FICCI

https://www.firstpost.com/business/govt-should-infuse-capital-in-economy-without-worrying-about-fiscal-deficit-gdp-growth-for-this-fiscal-on-expected-lines-ficci-7879391.html

  1. GDP growth to slow down to 11-year low of 5% in 2019-’20, forecasts government

https://scroll.in/latest/949078/gdp-estimated-to-grow-5-in-2019-20-says-government

  1. Should the MSP regime be dumped ?
    https://www.thehindubusinessline.com/opinion/should-the-msp-regime-be-dumped/article30525802.ece
  2. Skill schemes should focus on women
    https://www.thehindubusinessline.com/opinion/skill-schemes-should-focus-on-women/article30495858.ece
  3. GDP to grow at 5 percent in 2020 says Govt data
    https://www.business-standard.com/article/economy-policy/gdp-first-advance-estimates-predict-economic-growth-at-5-in-2019-2020-120010700990_1.html
  4. Urgent lift needs from the 5 percent growth abyss
    https://www.newindianexpress.com/opinions/editorials/2020/jan/09/urgent-lift-needed-from-the-5-growth-abyss-2087108.html
  5. Are savings a constraint on growth
    https://www.thehindubusinessline.com/opinion/columns/ashima-goyal/are-savings-a-constraint-on-growth/article30486529.ece
  6. Is the economy beyond you
    https://www.pressreader.com/india/the-economic-times/20200106/282303912064337

     

Public Finance

  1. Budget 2020: Modi Govt May Cut Spending by up to Rs 2 Lakh Crore

https://thewire.in/economy/budget-2020-modi-govt-may-cut-spending-by-up-to-rs-2-lakh-crore

  1. Govt plans to cut spending to curb fiscal deficit

https://www.livemint.com/budget/news/govt-plans-to-cut-spending-to-curb-fiscal-deficit-11578373542775.html

  1. Govt plans to cut spending to curb deficit, may hurt growth: Report

https://www.livemint.com/news/india/govt-plans-to-cut-spending-to-curb-deficit-may-hurt-growth-11578318912004.html

  1. Union Budget 2020-21: Narendra Modi says fundamentals of Indian economy strong, has capacity to bounce back

https://www.firstpost.com/business/union-budget-2020-21-narendra-modi-says-fundamentals-of-indian-economy-strong-has-capacity-to-bounce-back-7884981.html

  1. Budget 2020: If government is serious about growth revival, it shouldn’t be too focused on fiscal deficit target

https://www.firstpost.com/business/budget-2020-if-government-is-serious-about-growth-revival-it-shouldnt-be-too-focused-on-fiscal-deficit-target-7881561.html

  1. Time appropriate for government to boost spending, widen fiscal deficit to bolster growth, says official

https://www.firstpost.com/business/time-appropriate-for-government-to-boost-spending-widen-fiscal-deficit-to-bolster-growth-says-official-7877691.html

  1. Will economy pick up in second half of the year, SEBI plans to bring in intra-day trading rules; all this and more on Moneycontrol Pro

https://www.firstpost.com/business/will-economy-pick-up-in-second-half-of-the-year-sebi-plans-to-bring-in-intra-day-trading-rules-all-this-and-more-on-moneycontrol-pro-7877401.html

  1. Govt to cut spending by Rs 2 tn this fiscal amid biggest tax shortfall in recent years; likely to hit growth: Report

https://www.firstpost.com/business/govt-to-cut-spending-by-rs-2-tn-this-fiscal-amid-biggest-tax-shortfall-in-recent-years-likely-to-hit-growth-report-7871151.html

  1. Income Tax Department lowers sahaj form bar for high spenders
    https://www.pressreader.com/india/the-hindu-business-line/20200110/281496458221536
  2. Public Finances: Something doesn’t add up
    https://www.business-standard.com/article/opinion/public-finances-something-doesn-t-add-up-120010700036_1.html
  3. Advance estimates show fiscal slippage uncertainty
    https://www.business-standard.com/budget/article/govt-set-to-breach-fiscal-deficit-target-shows-gdp-advance-estimates-120010701308_1.html
  4. Over to the budget
    https://www.business-standard.com/article/opinion/over-to-the-budget-120010800022_1.html 
  5. Revenue Department cautions DGFT on star exporters getting GST refunds using fake invoices
    https://www.thehindubusinessline.com/economy/revenue-dept-cautions-dgft-on-star-exporters-getting-gst-refunds-using-fake-invoices/article30487242.ece
  6. fiscal discipline isnt a small discipline
    https://economictimes.indiatimes.com/blogs/et-editorials/fiscal-discipline-isnt-a-small-deficit/

     

Industry, Manufacturing, Services and Technology

  1. Productivity has big role in India’s $5 tn GDP dream

https://www.livemint.com/news/india/productivity-has-big-role-in-india-s-5-tn-gdp-dream-11578424261604.html

  1. In 105 trillion infra plan, easing bottlenecks key to boosting private investment

https://www.livemint.com/market/mark-to-market/in-105-trillion-infra-plan-easing-bottlenecks-key-to-boosting-private-investment-11578237864971.html

  1. World Bank trims 2020 global growth forecast to 2.5% amid slow recovery for trade, investment

https://www.firstpost.com/business/world-bank-trims-2020-global-growth-forecast-to-2-5-amid-slow-recovery-for-trade-investment-7882691.html

  1. With manufacturing expected to come down to 2%, GDP to grow at 5% this fiscal, says govt data; slowest pace in 11 years

https://www.firstpost.com/business/with-manufacturing-expected-to-come-down-to-2-gdp-to-grow-at-5-this-fiscal-says-govt-data-slowest-pace-in-11-years-7875281.html

  1. Economic slowdown fallout: GDP growth estimated to drop to 5% in FY20 on deceleration in manufacturing sector

https://www.firstpost.com/business/economic-slowdown-fallout-gdp-growth-estimated-to-drop-to-5-in-fy20-on-deceleration-in-manufacturing-sector-7873301.html

  1. Tweak the norms for renewable power
    https://economictimes.indiatimes.com/blogs/et-editorials/tweak-the-norms-for-renewable-power/
  2. Redefining MSME will give sector boost
    https://www.thehindubusinessline.com/opinion/redefining-msmes-will-give-the-sector-a-boost/article30505802.ece

Banking and Central Bank related

  1. Inflation Likely to Have Breached RBI Target in December: Poll

https://thewire.in/economy/inflation-likely-to-have-breached-rbi-target-in-december-poll

  1. Goal of $5-tn economy achievable but timeframe uncertain: SBI chief

https://www.livemint.com/news/india/goal-of-5-tn-economy-achievable-but-time-frame-uncertain-sbi-chief-11578146531923.html

  1. Operation Twist hasn’t quite produced expected outcomes but will RBI’s latest attempt buck previous trend?

https://www.firstpost.com/business/operation-twist-hasnt-quite-produced-expected-outcomes-but-will-rbis-latest-attempt-buck-previous-trend-7865291.html

  1. Bank credit growth likely to be in double digit in FY21
    https://www.pressreader.com/india/the-new-indian-express/20200110/282200832857864
  2. The unenviable job of a central banker
    https://www.thehindubusinessline.com/opinion/the-unenviable-job-of-a-central-banker/article30526294.ece
  3. Liquidity surges on sluggish credit growth redemption
    https://economictimes.indiatimes.com/industry/banking/finance/banking/liquidity-surges-to-rs-4-lakh-cr-due-to-redemption-sluggish-credit/articleshow/73090967.cms
  4. PSBs unlikely to get capital infusion in the coming budget
    https://economictimes.indiatimes.com/industry/banking/finance/banking/liquidity-surges-to-rs-4-lakh-cr-due-to-redemption-sluggish-credit/articleshow/73090967.cms

 

External Sector

  1. India restricts import of palm oil, may hit Malaysia
    https://economictimes.indiatimes.com/markets/commodities/news/india-restricts-refined-palm-oil-imports-after-malaysias-criticism-of-modi/articleshow/73166655.cms