Foreign investors have pulled out Rs 31,575 crore from the country’s equity markets so far this month, in the wake of turbulence emanating from sweeping tariffs imposed by the US on most nations, including India. This came following a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March … Read more
Swaminathan Aiyar, Consulting Editor, ET Now, says strong GDP growth is associated with a fast rise in credit. After all, growth has to be financed. Some would say it is a sign that the GDP data are being inflated. One way or the other, either we are going to have GDP data revised downwards or … Read more
Both mobility and non-mobility sectors of the Indian economy were reflecting the impact of the second wave of Covid-19 and the ensuing lockdowns as business activity continued to plunge further in May, said Japanese brokerage Nomura. The Nomura India Business Resumption Index (NIBRI) fell to 60 for the week ended May 23, down from 63 … Read more