The key at the moment lies with our monetary masters, aka RBI, as price and financial stability are central to economic stability. The latter is unthinkable before we conquer the other two.
S&P said that households are running down saving buffers to support consumption and a desire to rebuild saving could hold back spending even as the economy reopens.
Moody's said that the 10 states that have been hardest hit by the second wave collectively account for more than 60 per cent of the pre-pandemic level of India's GDP.
The Prime Minister was digitally inaugurating 76 multi-storeyed flats in the national capital for Members of Parliament.
Oxford Economics downgrades India growth forecast post-covid, pegs at average 4.5 per cent for 2020-25
Oxford Economics said it expects private investment to continue to be held back by both macroeconomic and financial factors.
What led to the slowdown? Worryingly, six out of the eight broad indicators used in GDP measurement sulked in June quarter over last year with manufacturing witnessing the lowest growth at 0.6%.