13 June, 2021

Manage Risk, Or Perish

New tools to manage volatility in commodities have become both cheaper and effective

Manage Risk, Or Perish

The latest update of the IMF’s World Economic Outlook projects the Indian economic engine to chug ahead on full steam in the near term, growing by a phenomenal 7.5 percent and 7.7 percent over 2019 and 2020 respectively. In fact, India stands out among all major economies with the highest projected growth rates. Moreover, IMF and other India-watchers believe that India’s gravity-defying growth rates do not seem to be a flash in the pan, but is likely to be sustained over a considerable period.

Supporting the growth story is the strong mome­ntum being seen in mining, manufacturing, and related sectors. Aided by rising aggregate demand of a rising population (much of which is young), and an enabling policy environment, the secondary sector has been growing fast and shall continue to retain its momentum. Gross Fixed Capital Formation, which represents investments in fixed assets has increased by 10.44 percent between FY16 and FY18. Besides, during the first six months of the current financial year (April–September 2018), Gross Value Added from...

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