SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 07 Jan, 2020  

India.Growth.9.Thmb.jpg 'More steps needed to reverse slowdown'

GDP.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 06 Jan, 2020

Analyst firm Brickwork Ratings on Monday said the economy is on the mend and further measures are needed to reverse the economic slowdown.

While slowdown is a global phenomenon, India has remained insulated from such events in the past due to its burgeoning consumer demand on the back of its demographic dividend, it said. The Indian economy was expected to grow at a much faster pace encouraging the nation to set a goal of a $5 trillion economy in the next five years thereby targeting a CAGR of 15 per cent.

However, the Indian economy is suddenly witnessing a sharp deceleration marked by low demand and production. The government has undertaken a series of steps in the recent past to reverse the economic downturn. The document analyses the trends in key parameters of the economy, the initiatives hitherto taken and gives the agency's opinion on what more is required.

The major issues faced by banks were stress assets in the books, liquidity and cost of funds was a terrible pain to NBFCs and MSMEs. The real estate sector post-demonetisation also faced a lot of stress while the bond market saw a major downside due to lack of demand from investors after the slew of defaults started last year.

The government, Reserve Bank of India (RBI), Securities Exchange Board of India (SEBI) and other regulators have taken several measures to boost consumption and investment activities and to alleviate stress, in a bid to revive the declining Indian economy, the agency said.

 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter