-Financial Express Dr Rangarajan feels that perhaps we may end the year with GDP Growth in the region of 7 or 8 per cent. The much awaited news on the second quarter Gross Domestic Product (GDP) numbers showing a growth of 8.4 percent as compared to 7.4 percent contraction in Q2 2020-21, has come as a dampner. Economists now see serious challenges in India being able to hit the full year GDP...
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5 reasons why cash is back in the economy after 5 years of demonetisation -Anand Adhikari
-BusinessToday.in Two years prior to demonetisation, the currency, as well as the nominal growth in the economy, was in the range of 10-12 per cent. But in the last two years, currency in circulation has grown by 14-16 per cent whereas the nominal GDP Growth has been lower. Five years after demonetisation, the cash in the system is back at a much higher level. The government had demonetised the high-value notes of...
More »Bumpy road ahead -Renu Kohli
-The Telegraph Challenges to economic recovery in India and the world remain The International Monetary Fund revealed its outlook for the world economy last week. A year and a half after the pandemic, global recovery remained reassuringly strong: the world economy is expected to grow a tad slower (10 basis points) this year at 5.9 per cent and at an unchanged pace — 4.9 per cent — next year. But the exit...
More »What the Q1 GDP numbers say -C Rangarajan and DK Srivastava
-The Hindu With improved revenues, government must increase expenditures to push consumption and investment India’s GDP data for Q1 of 2021-22 was released by the National Statistical Office (NSO) on August 31, 2021. Real GDP Growth at 20.1% in Q1 of 2021-22 is largely because of the contraction of 24.4% in the corresponding quarter of the first COVID-19 year, that is, 2020-21. Even with this high growth, the magnitude of real GDP...
More »What Impacts Child Malnutrition in India and Why We Need to Be Aware of These Factors -Payal Seth and Palakh Jain
-TheWire.in India loses 4% of its GDP annually due to malnourishment and hence, the objective of economic development cannot be met without addressing the issue of child malnutrition. India has achieved remarkable levels of economic growth, and yet, despite all the progress, it continues to host the highest number of malnourished children in the world. Child malnutrition is classified as ‘undernutrition’ (inadequate consumption of calories) and ‘overnutrition’ (excess consumption of calories). Of these,...
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