All posts by Sourish Mohan Mitra

Sourish Mohan Mitra is an India-qualified lawyer from Symbiosis Law School, Pune and currently working as an in-house counsel with a global research firm in Delhi, India; views expressed are personal; he can be reached at sourish24x7@gmail.com; Twitter: @sourish247

Covid-19 Pushes India Into Technical Recession First Time In Its History

The Indian economy’s consecutive contraction in 2 back to back financial quarters ensured that it entered a phase of technical recession. This is what was feared at the start of Covid-19 pandemic when Asia Law Portal reported that the International Monetary Fund had projected India’s worst […]

India’s Economy Continues to Fight Coronavirus Effect

The increase in India’s Covid-19 cases remains high though new cases have decreased steadily and recovery rate increased. With the ongoing festive season in the country and the lifting of the lockdown near complete, the situation can get worse if due precautions are not observed in […]

The Worst Economic Contraction since India’s Independence

The Covid-19 situation continues to deteriorate in India and cause contraction that the country has never seen since its independence. The Government is making desperate attempts to revive the economy and marginal effects can be seen in the increase in exports. Changes in the foreign direct […]

India: Economic Shock is Severe

The economic situation and severity of the Covid-19 crisis in India is now unfolding rather rapidly. The Reserve Bank’s annual report, while providing details on the current situation, has acknowledged that contraction in economic activity will likely prolong into Q2 and the path to recovery is […]

India: Unlocking Benefits vs. Rising Covid-19 Cases

With the gradual unlock of the lockdown restrictions kicking in across various parts of the country, there are slim hopes of slow improvement in the economy. While some State Government are battling surges and the daily rise of new Covid-19 cases breaking new records, the Government […]

India’s Economy Likely to Contract

India is limping back to some normalcy in economic activity and resumption of business operations despite the rising Covid 19 cases. While partial lockdowns are still in force in certain pockets where the concentration of cases is high, industrial establishments and offices have opened up in […]

India’s Economy Locked Down

The grim fallout of India’s self-imposed lockdown of more than 2 months is coming to the fore now. The economic growth has now dipped to zero or even negative leading to a contraction. While continuing the lockdown, the Government has relaxed restrictions on certain business activities, […]

India’s Economy Wilting Under Covid-19 Headwinds

India’s self-imposed near total lockdown of 21 days has been further extended to May 03, 2020. This 40-day shutdown has derailed the economy as per reports of global financial institutions. There has been marginal lifting of the restrictive measures in select areas for some essential services […]

India Battles to Survive Covid-19

A slipping economic growth in India was compounded with a rude jolt by the WHO declared pandemic which is threatening to wipe out many global economies. Covid-19’s sudden spike in March is wreaking havoc and in order to contain the fast spreading outbreak, India has decided […]

India’s Finance Budget and slipping economic growth

The Union Finance Budget was announced without much in it for foreign investors. The economy remains a point of discussion with global financial institutions as recovery does not appear in the horizon. While India has not been directly hit by Coronavirus, it is feeling the effect […]

Will 2020 be make or break year for India’s economy?

The Government of India should be ready with its new year resolutions and timelines to achieve the same, as 2020 ushered in the lowest GDP forecast in the last 11 years, continuing the year-end gloomy economic situation in the country. The Government has an opportunity to […]

India Ends 2019 on a Significantly Weak Economic Note

The Indian economy did not have any recovery on the economic front as per data released by 2 global financial institutions. The Personal Data Protection Bill made the much-awaited comeback to the forefront when it was introduced in Parliament. India’s regional trade and growth potential remains […]

India: Economic Growth Dips to Slowest in 26 Quarters

The Indian economy recorded its slowest growth in 26 quarters knocking in fears of a recession. While the Government denied this, the dipping growth rate continues to be the focus of global financial institutions. Foreign investment inflows increased compared to last year providing some hope and […]

India: Doing Business Ranking the only Face-Saver

India’s improvement in the World Bank’s Doing Business ranking is the only bright spot in a lackluster economy that desperately needs reassurance of a revival. It’s akin to the Diwali sparkle which lights up India around this time but belies the darkness for the rest of […]

India: Will Corporate Tax Cut Revive Growth or Widen Fiscal Deficit

The mounting pressure of a sagging economy and sharp economic growth forecast reductions by global institutions, the Government of India announced significant tax relief to corporates. However, while this seemed to cheer the industry and may be a stimulus in the short term, experts have warned […]

India: Stimulus to Slow the Slowdown

The Government finally took some recourse to revise the slowing India economy by introducing a stimulus economic package. The foreign direct investment limits were further liberalized to add possibly as part of the stimulus. The slowdown was now reported by Moody’s as well. The Personal Data […]

India: Renewed Interest in Entry of Foreign Law Firms

The discussion around entry of foreign law firms in India was resurrected recently. The economic slowdown is now even more glaring with ADB and IMF further lowering their respective April 2019 growth forecasts, which, together with the forecasts reported by World Bank and Fitch last month, […]

India: Economic Growth Slows Amidst Data Localisation Concerns

The Indian economy is heading for a slowdown as growth forecasts are flat or lowered. The laws pending for approval before the general elections are now in focus. Data localization concerns are rising with the data protection related proposed legislations due to be passed law soon. […]

Modi Returns While India’s FDI Falls

The people of India voted the incumbent Prime Minister Narendra Modi back to power with a thumping mandate in the general elections which concluded this month. The reforms and other initiatives of the current Government are expected to continue and pending legislations such as data privacy […]

Slowdown Forecast for India’s Economic Growth

The five year term of the current Indian Government led by Prime Minister Narendra Modi is coming to an end as the electoral process commenced in the world’s largest democracy. The elections are being carried out phase-wise across the country and results are scheduled to be […]

Mixed Forecast for India’s Economic Growth

There were mixed forecasts for India’s growth in reports issued by Fitch and Moody’s. While one showed a continuous decline the other one appeared stable. There is a proposal to liberalise foreign direct investment in foreign portfolio investments. India and South Korea came together to create […]

Dip in India’s FDI While It Climbs Highest in IP Index

India reported reduction in its foreign direct investments. The draft national e-commerce policy has been introduced and currently available for submission of comments by stakeholders. The news to cheer was India’s climb in global intellectual property index. The RBI’s forecast on India’s GDP growth was announced […]