New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.
According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.
"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.
The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.
Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.
Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.
Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.
He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.
The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.
The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.
India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.
Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31.
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Uniting all community is the great noble work. No dispute.
There are also many other ways to do the same cause.
We Muslims should always remember, ISLAM religion is very strictly on ONENESS OF GOD.
That is one and only God. No other things to be associated.
some special attributions are
One and only God,
That is unique,
No parents, no childeren, no Family, no gender.
Just to address people say as HE, it does not mean he is male.
God's specials attribution is not seen any one. That is the forem ost belief. Contradicting to it is not accepting to ISLAM, not only it, also it is a UNFORGIVABLE SIN.
So this point has to be kept in mind,
So worshipping is not allowed even to our prophetMUHAMMAD (Peace be upon him) who brought this knowledge/religion.
Even our parents are not allowed to the same.
Therefore worshipping in the name of that God, as Durga, Ganesh showing them as structure of human being is a great sin.
Just pray one real God, pray and beg to him only. Do not make pluralism in God.
May God help
Imaan disappeared in the face and acts.( a knowledge in the heart, a voicing with the tongue and an activity with limbs taken away)
May Allah guide to follow righteus path, Aameen
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