India is on track for an economic recovery in the fiscal year ending March 2022, S&P Global Ratings said on Tuesday. Consistently good agriculture performance, a flattening of the Covid-19 infection curve, and a pickup in government spending are all supporting the economy, it said in a report titled ‘Cross-Sector Outlook: India’s Escape From Covid.’ India needs many things to be right […]
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Asian equities, commodities gain on economic recovery trade
TOKYO/NEW YORK (Reuters) – Asian stocks rose on Wednesday, tracking modest Wall Street gains, as expectations that a vaccine will eventually win the battle against the coronavirus fuelled recovery hopes, while tight supply expectations pushed oil prices to a one-year high. MSCI’s broadest index of Asia-Pacific shares outside Japan rose […]