Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
Notice (8): Undefined variable: urlPrefix [APP/Template/Layout/printlayout.ctp, line 8]latest-news-updates/a-difficult-time-for-the-economy-renu-kohli-4688288.html"/> LATEST NEWS UPDATES | A difficult time for the economy -Renu Kohli | Im4change.org
Resource centre on India's rural distress
 
 

A difficult time for the economy -Renu Kohli

-The Telegraph

It must be ensured that growth does not slide down further

Economic news has been increasingly dismal for some time. The decline in economic activities since January-March 2018 accelerated this year, gathering pace in recent months and prompting concern it could turn into a recession. Some commentators argue the economy is in a recession; others disagree, saying growth is decelerating. Since recessions are defined as periods of negative real gross domestic product growth (two consecutive quarters of decline is a thumb rule) in real gross domestic product, the Indian economy is not in a recession. The real GDP metric is considered too narrow by many researchers who prefer using a wider set of economic activity measures to determine recessionary trends, for example, the National Bureau of Economic Research, which documents recessions in the United States of America, focuses on a comprehensive set of measures such as unemployment, income, sales, and industrial production. The latter approach also merits use because of a long lag in GDP data publication and instances when deceleration gains momentum, as is the case in India right now. Analysing a range of measures provides a better grip on recessionary trends as we see here.

Regular unemployment and aggregate sales data are unavailable, but several high-frequency indicators exist. Many show contractionary tendencies; some recent, others more established, with pervading and deepening signs. Manufacturing is the worst, but services are not far behind.

Please click here to read more.