-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
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Economy under stress: Slowdown may spill over to FY21
-Financial Express Economists see no V-shaped recovery after Q2, say any spending cut will hit growth. The economy may be in the midst of a protracted phase of slowdown and the weakness could stretch into the next fiscal, as green shoots of a recovery in key indicators — from industrial production, exports and corporate sales to non-food Credit Growth — are barely visible. Economists, who were earlier optimistic about a rebound in the...
More »Lending to small units fell in Q1, says MSME report
-The Hindu Business Line Credit risk is building in auto MSMEs, says Pulse report Mumbai: There was a marked slowdown in commercial Credit Growth in the quarter ending June 2019 along with a marginal deterioration in asset quality, according to the seventh edition of TransUnion CIBIL-SIDBI MSME Pulse Report. The total on-balance sheet commercial lending exposure in India declined to Rs.63.8 lakh crores in June 2019 from Rs.65.5 lakh crores in March 2019....
More »Spend to grow -C Rangarajan and DK Srivastava
-The Indian Express Government should explore all avenues to expand capital expenditures From a level of 8.1 per cent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 per cent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer in dispute. Thankfully, the government has come out of denial mode. The critical question is: What should...
More »The slow climb to the trillion economy peak -Indira Hirway
-The Hindu There has to be a focus on human capital formation and in addressing the real reasons for the economic slowdown On Independence Day, the Prime Minister expressed confidence that India would be a $5-trillion economy in 2024, a line that has been picked up by ruling party leaders, Ministers and also senior government officers. However, this is surprising as the impact of economic growth on major development goals — examples being...
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