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: 150
 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: 151
 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]
LATEST NEWS UPDATES | ExplainSpeaking on economy: Why unemployment could become a bigger headache for government -Udit Misra

ExplainSpeaking on economy: Why unemployment could become a bigger headache for government -Udit Misra

Share this article Share this article
published Published on Sep 13, 2020   modified Modified on Sep 13, 2020

-The Indian Express

Rapid spread of Covid-19 and inadequate spending by government could result in India suffering a permanent loss of Rs 30 lakh crore, which is roughly the size of the Union Budget for 2020-21

Dear Readers,

This week started with several economists coming out with their revised GDP growth expectations for India in response to the official GDP growth data that was released on August 31. With the economy shrinking more than what most analysts expected, the revisions — be it India Ratings and Research, Goldman Sachs, ICRA or Crisil — were all in the negative direction.

For instance, Crisil in its September update (over the May assessment) stated the following two main reasons: “With the pandemic’s peak not yet in sight and the government not providing adequate direct fiscal support, the downside risks to our earlier forecast have materialised”.

In other words, in May, the two things Crisil analysts feared may go wrong have gone wrong.

One, Covid continues to spread unabated. Look at the three India maps (Source: Crisil) with the number of districts reporting more than 1,000 cases. See how rapidly the whole country is now getting afflicted. As of the latest data, India is adding close to 1 lakh cases every single day.

Please click here to read more.


The Indian Express, 13 September, 2020, https://indianexpress.com/article/explained/why-unemployment-could-become-a-bigger-headache-for-government-explainspeaking-6593923/


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close