-The Indian Express Economic data raises questions about missed opportunities and expending of political capital by NDA government. As India’s political parties switch to poll mode, economic data released in the past few days at the end of the NDA government’s term paints a far from rosy picture. Industrial growth in January slowed down to 1.7 per cent compared to the 2.6 per cent growth in factory output in December last...
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GDP growth slows again in third quarter
-The Hindu Govt. cuts FY19 growth estimate to 7%; Q3 growth estimated at six-quarter low; agriculture, manufacturing contribute to slowdown GDP growth slowed for the third consecutive quarter in the October-December 2018 period, according to data released on Thursday. Growth fell to 6.6% in the third quarter, the lowest in the last six quarters. The slowdown was led by agriculture, which is estimated to grow at 2.7%, against the earlier estimate of 3.8%. Data...
More »Statement of intentions
-The Hindu Business Line NITI Aayog’s document sets out economic goals, but there’s no roadmap The NITI Aayog’s Strategy for New India @75 lays out a checklist of priorities for economic policy-makers over the next three years. It sets out as an immediate priority, the ramping up of the investment rate to 36 per cent of the GDP by 2022, from 29 per cent at present in order to hit a growth...
More »Agrarian crisis: Bias against agriculture needs to go for revival; higher investment, change in attitude towards sector a must -Prasanna Mohanty
-Firstpost.com The first reaction of the Bharatiya Janata Party-led Central government after the party's debacle in the Hindi heartland states of Madhya Pradesh, Chhattisgarh and Rajasthan seems to be to waive farm loans, which is a telling comment on the state of the agrarian distress in India and the need to pay immediate attention to the crisis. This was expected, too, since 90 percent of the rural constituencies in Madhya Pradesh...
More »The architecture is not the force -Pulapre Balakrishnan
-The Hindu How a business friendly government has failed to arrest the slide in private investment It may appear that the recent hullabaloo over GDP (gross domestic product) growth in the past decade has cast a shadow over assessment of the economy’s progress since 2014, but it is not so. There exists enough information for this as GDP is not the sole indicator on which one needs to rely in such an...
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