EUR 120.00 For Business Accounts Only

MOrning India (14/April/20): 1. Fuel or Engines (Three-pronged 10-step urgent toolkit for Indian economy) ; 2. EcoScope (a. CPI inflation; b. MPC meeting); 3. Avenue Supermarts; 4. Bandhan Bank; 5. ZEE Ent.; 6.

Morning India (14/April/20):

Today’s top research theme
Fuel or Engines: Three-pronged 10-step urgent toolkit for Indian economy
** Pre-COVID-19, we were among the few market economists strongly against any sort of stimulus, be it fiscal or monetary. Declining domestic savings was one of the reasons for our view. Nevertheless, with almost negligible discretionary spending, household financial savings should rise as a percentage of GDP/income, making this concern secondary for the time being.

** We suggest a three-pronged, 10-step actionable approach to be implemented at the earliest to ensure the lockdown is extremely effective and various economic participants are instilled with the confidence that recovery would be strong once the COVID-19 situation has ended. These three prongs are for the vulnerable sections of society, MSMEs, and the most hard-hit sectors, as well as for ensuring financial stability. These measures may cost the exchequer an additional ~INT4t (or ~2% of GDP), which we expect would be financed by the RBI.

Piping hot news
Retail inflation eases to 5.91 per cent in March
Retail inflation eased to 5.91 per cent in March over the previous month, mainly due to easing food prices, government data showed on Monday. The retail inflation based on Consumer Price Index (CPI) was 6.58 per cent in February 2020 and 2.86 per cent in March 2019. The inflation in the food basket was 8.76 per cent in March 2020, lower from 10.81 per cent in the previous month, as per the CPI data released by the National Statistical Office (NSO).