-The India Forum There has been an increase in economic inequality in India over the past few decades, with the rich-poor gaps among the largest of several peer economies. Household surveys show that alongside the slowdown of growth in recent years, there appears to have been some decrease in inequality. 1. Introduction Popular discussions on inequality in India receive periodic attention with the annual publication of reports by the World Inequalities Database (WID),...
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First Quarter GDP Estimates This Year no Cause for Celebration -Prabhat Patnaik
-Newsclick.in It is clear that the stagnation that was setting in during 2019-20 has persisted and has even intensified now. The estimates of Gross Domestic Product (GDP) for the April-June quarter released by the government on August 31 paint a dismal picture of the Indian Economy. Since the GDP in real terms (at 2011-12 prices) shows an increase of 13.5% over the first quarter GDP a year ago, and since 13.5% appears...
More »Realistic analysis shows that the Indian Economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »An economist proposes ways for India to revive its economy in the wake of the Covid-19 pandemic -Jayati Ghosh
-Scroll.in An excerpt from ‘The Making of a Catastrophe: The Disastrous Economic Fallout of the Covid-19 Pandemic in India,’ by Jayati Ghosh. There was much that was wrong with the Indian Economy, society, and polity before the pandemic struck; and this book has suggested that much more has gone wrong since. It is easy to feel horror at the inequalities exposed and accentuated by governmental and societal responses to the pandemic, despair...
More »Three charts which explain the state of the Indian Economy -Roshan Kishore
-Hindustan Times Are the June 2022 GDP numbers good or bad? What do they mean for economic growth over the rest of the fiscal year? What is the current state of economic momentum in the Indian Economy? What about the nature of economic recovery? The Indian Economy grew at 13.5% on a year-on-year basis in the quarter ending June 2022. While the headline number looks good, and is the fastest rate since...
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