-Scroll.in BJP chief’s claim that growth rate declined due to change in the methodology doesn’t hold much water. Data released on August 31 marked the sixth straight quarter of slowing growth for the Indian economy as the gross domestic product growth rate slipped to 5.7% in the first quarter of the current financial year. It was a sharp decline from 7.9% growth seen in the same quarter last year. Attempting to explain the...
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India has gone from British Raj to Billionaire Raj: Report
-The Times of India NEW DELHI: Inequality in India may be at its highest level since 1922, when the country's income tax law was conceived, with 22% income accruing to the top 1% income earners, a new paper released by economists Thomas Piketty and Lucas Chancel showed. "The top 1% of earners captured less than 21% of total income in the late 1930s, before dropping to 6% in early 1980s and rising...
More »Taking stock of the Indian Economy: Consumption key to GDP growth
-Livemint.com Nine charts that sketch the anatomy of the slowdown in India’s economic growth and look ahead The Indian economy’s growth in the June quarter, 5.7%, has been worse than expected. Economists expect the current quarter to see much higher growth. But how significant is the slowdown? And how sharp will the recovery be? Here are nine charts that sketch the anatomy of the slowdown and look ahead: Chart 1 shows the depth...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Tale of neglect -TK Rajalakkshmi
-Frontline.in The death of nearly 60 children in Gorakhpur because of the unavailability of oxygen can be directly attributed to the larger issue of drastic reduction in budgetary allocations for and the gross neglect of the public health system. THE death of almost 60 children, including infants, in the government-run Baba Raghav Das Medical College Hospital in Gorakhpur within a span of 48 hours raises several issues relating to the state...
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