Best of BS Opinion: Strengthening recovery, India’s marine resources & more

Best of BS Opinion: Strengthening recovery, India’s marine resources & more

45
0
SHARE


Here’s a selection of Business Standard pieces for the day

Corporate results for the third quarter of the current financial year (October-December 2020) show positive signs across many sectors. Profit margins have improved on the back of lower costs and moderate sales growth. Looking ahead, the 2021-22 Budget’s focus on infrastructure development should encourage investment and employment, which in turn, should help push consumption. However, in this context, as our lead editorial notes, despite all the encouraging signs, there are also reasons for caution. Valuations are running very high, with major stock market indices valued at 40 times earnings.

Most of the earnings growth has been discounted and further profit margin expansions are unlikely. Sales growth must rise in order to sustain this recovery.

As if demonetisation and convoluted GST implementation were not enough, the Covid-19 pandemic appears to be the final nail in the coffin of many MSMEs. Anecdotal and visual evidence indicates that in cities around the country many service-oriented enterprises have shut down, writes Jaimini Bhagwati

India is a laggard in developing its blue economy despite being bestowed with copious marine wealth comprising over 7,500 kilometres of coastline and over two million square kilometres of exclusive economic zone. The infrastructure needed to harness the economic potential of marine resources extending across nine coastal states and 1,382 islands is insufficient for the task, noted our second editorial

Quote

“The government has no business to be in business. When government monetises, that space is filled by private sector of the country. Private sector brings investment and best global practices with them.” Prime Minister Narendra Modi

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



Source link

LEAVE A REPLY