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Friday, June 26, 2020

S&P paints a grim picture for India

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THE ECONOMIC TIMESDaily Newsletter
Fri, Jun 26, 2020 | 04:42 PM IST
#Coronavirus#EconomyTracker#Whatsbuzzing
Top stories of the day
Indian economy in deep trouble: S&P Indian economy in deep trouble: S&P
​​ "India's economy is in deep trouble. Difficulties in containing the virus, an anemic policy response, and underlyi...
RBI board silent on loan restructuring
Money in Swiss banks: India at 77th place
Xiaomi uses 'Made in India' banners to cover branding
Hiring for CEO, MD picks up, cos look for tough leaders
Banks go for stress test to see impact of Covid on NPAs
China imports likely to continue for the time being
Resilient rural demand may aid India's economy
Debate This
Does Indian IT need American visa doles for survival?
More than the fact that Trump's latest visa freeze would hinder the American Dream of thousands of Indian techies, what needs a rethink is the dependence of Indian IT majors on such visas. Even though companies like Wipro, Infosys and TCS have ramped up their local hires over the recent years, their 'offsite-onsite' employee ratio is still about 80:20. With Covid pushing the world into work-from-home mode and borders losing

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