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Tags : "economy news"

Calls for debt monetisation gain traction as COVID-19 cripples economy

MUMBAI: After the government over the weekend hiked market borrowing by 54 per cent in the wake of the coronavirus pandemic, calls for monetising debt seem to be gaining traction with experts saying that repercussions of not spending to support the economy will be irreparable. Conservative monetary economist and former RBI chief Raghuram Rajan, over […]Read More

UBS cuts India GDP growth forecast to 5.1 pc for

MUMBAI: Swiss brokerage UBS on Thursday sharply cut its 2020-21 GDP growth forecast for India to 5.1 per cent on fears around the coronavirus outbreak and also weak credit growth domestically. The brokerage also cut its FY20 growth estimate marginally to 4.8 per cent. The GDP growth is set to slip to a decadal low […]Read More