-The Hindu The Budget needs to provide direction to India’s tottering economy and a boost to aggregate demand and investment The forthcoming Union Budget will determine whether India’s economic engine gets the steam needed for a rebound, or the current economic situation becomes even worse. Not just the future of the economy, the future of the country’s youth depends on the Budget. The unemployment rate at 6.1% (Financial Year 2017-2018) is the highest...

-The Telegraph Highest unemployment rate since August 2016 Mumbai: The gloom and doom scenario in India’s economy darkened a little more on Friday after an independent database company threw up an alarming statistic: the unemployment rate in October had surged to 8.48 per cent — the highest since August 2016.     The Centre for Monitoring Indian Economy (CMIE) — a respected private researcher — said the unemployment rate in urban India was 8.89 per...

-The Indian Express India’s employment crisis calls for more government expenditure in education, adequate training. Prime Minister Narendra Modi, in his recent Independence Day speech, said, “We need to worry about population explosion”. These words stand in stark contrast to his previous references to India’s demographic dividend where the country’s population was seen as an asset. This shift reflects a new awareness, according to which demography brings a dividend only if...

Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...

-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant investment and exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...