-The Telegraph Prospects of the future damaged by failing development policy to collapsing democracy The recent estimate of GDP Growth for the third quarter of 2019-20, at around 4.7 per cent, has prompted a predictable sense of gloom. However, even the 4.7 per cent estimate is deceptive, since in per-capita terms, the corresponding figure would be just above 3 per cent. This, sadly, is no more than half the Growth rate of...
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Bank, Boom, Bust -George Mathew, Sunny Verma & Sandeep Singh
-The Indian Express In 2004, a former bank executive started his own bank. As it grew, courting corporates, lending aggressively and dodging referees, the bad loans grew too. Until one day, the bank went belly up. The Indian Express on how the story of Yes Bank and Rana Kapoor is of warning bells that went unheard. After providing services to Yes Bank for years, a vendor was keen to terminate the contract....
More »Bleak prospects -Mahesh Vyas
-Business Standard/ Centre for Monitoring Indian Economy (CMIE) It is logical to believe that employment conditions in India have deteriorated quite substantially during 2019-20. Economic Growth has slowed down and investments show no sign of picking up. Outlook for the economy in 2020-21, and therefore also for employment, is also getting increasingly difficult by the day. With capacity utilisation remaining very low at around 70 per cent, the prospects of an...
More »Govt should tackle the demand side instead of dealing with the supply side of the economy -Yashwant Sinha
-The Indian Express This government is barking up the wrong tree. First of all, it is solely responsible for the present slowdown. Second, it has no understanding of what has caused the problem. Third, therefore, it is flailing its arms in all directions except the right one and causing more pain. I have often been criticised for being critical of the present regime, even by people near and dear to me. One...
More »No green shoots of a revival in sight as yet -R Nagaraj
-The Hindu The latest GDP data show that there has been an undeniable decline in the Growth rate over seven consecutive quarters On February 28, as per its release calendar, the National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is, for October-December 2020. It showed that domestic output grew at 4.7% at constant prices (that is, net of inflation), compared to the same period the...
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