-The Indian Express Latest RBI bulletin projects contraction for a second consecutive quarter, which means the economy is in a ‘technical recession’. What does it mean, and how is it different from a ‘recession’ and a ‘recessionary phase’? In its latest monthly bulletin — for November — the Reserve Bank of India has dedicated a chapter on the “State of the economy”. The idea is to provide a monthly snapshot of some...
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Do recent indicators hint at a real economic revival? -Vikas Dhoot
-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some Economic Indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M....
More »Beware, the numbers can be deceptive -Madan Sabnavis
-The Hindu Business Line Many high-frequency Economic Indicators are looking good, but must sustain beyond the unlock period, too There has been a sudden surge of optimism in the economy with various high-frequency indicators — PMI numbers, auto production/dispatches, e-way bills generated, GST collections, etc. — showing positive tendencies. So, should we be celebrating? The answer is, yes and no. Yes, because there is something good happening in the economy and hence bodes...
More »Nitish’s claims and Bihar’s reality -MV Rajeev Gowda and Akash Satyawali
-The Hindu The Chief Minister says he has delivered good governance and prosperity, but data show otherwise As Bihar goes to the polls, it is important to scrutinise Chief Minister Nitish Kumar’s repeated claims about delivering ‘sushasan’ (good governance) and ‘taraqqi’ (prosperity). Does the reality justify these claims? Or are these boasts similar to the ‘Gujarat Model’, merely effective as propaganda? Poor on many indicators Bihar’s economy has performed poorly under the Janata Dal...
More »Women spend most of their daily time in unpaid domestic and care work, shows the latest Time Use Survey data
Among other things, one of the reasons (given by some economists) behind low labour force participation rate (LFPR) of women vis-à-vis men in the country is that more young girls are educating themselves, causing an improvement in the secondary and tertiary enrolment rates. It means that more Indian women are staying out of the labour force in order to continue their education – secondary education and / or college &...
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