21 June, 2021

Losing To Win

A law to deal with mining bankruptcies in India will pave the way for higher growth and profits. This may be the game-changer.

Losing To Win

The overall global economy is gradually moving ahead with steady growth forecasts. Growth in major industrial economies witnessed a recovery with their GDP growth rates expected to remain strong in 2018 and 2019. The US’s GDP growth is forecasted at 2.3% in 2019, slightly modera­ting thereafter. GDP in developing Asia has seen strong expansion to around 6% plus, due to both domestic and external demand. The EU region may slow down in the coming years. Growth in China, which accelerated on account of robust consump­tion and still rising exports, is likely to moderate to 6.6% in 2018. In India, growth is emerging from the recent slowdown in 2017 to 7.3% in FY 19, further rising to 7.6% in FY 20. However, a fall in central government’s capital expenditure in FY 18 and fall in investment poses a challenge for future growth.

Globally, central banks are realigning from an accommodative stance to normalising their monetary policies for tackling growth and inflati­onary risks as investment levels take off. However, they continue to remain alert as the...

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