-Livemint.com A consumption-driven growth not only fuels inflation, but also can arguably lead to a slackening of future growth Economic growth of 8.2% for the June quarter may have beaten all estimates, but the big question is: what kind of growth is it? Is the economy firing on all the engines of domestic consumption, investment demand and external demand? Let’s look at the numbers. The anecdotal evidence of a spurt in consumption growth...
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Cash still the king. Cash savings highest in a decade -Gayatri Nayak
-The Economic Times Demonetisation seems to have had no impact on cash savings by the Indian household, Savings are again going out of the banking system with share of savings in form of cash touching decade high and that of deposits touching decade lows. While currency in circulation is at Rs 19.38 lakh crore is much higher than pre-demonetisation levels, household savings in form of cash and currency has surged to...
More »Jobs growth claims in India: a fact check -R Nagaraj
-Livemint.com The present government has incentivized employers to comply with the EPF law by making their contribution for three years to expand formal sector employment Surjit Bhalla and Tirtha Das’ (B-D, hereafter) background paper, titled All You Wanted To Know About Jobs In India, But Were Afraid To Ask, is now available on the Prime Minister’s Economic Advisory Council (PMEAC) website (goo.gl/Y5CLtF)—a welcome initiative. It claims: “While there are no official employment...
More »Demonetisation led to 1% drop in GDP, says parliamentary report; BJP bans it
-MirrorNowNews.com The Bharatiya Janata Party (BJP) MPs on Tuesday stalled a parliamentary report which slammed demonetisation. The report mentioned that demonetisation led to a drop of one per cent in the country's GDP. New Delhi: Bharatiya Janata Party (BJP) MPs on Tuesday stalled the note ban report which slammed the incumbent government's decision of demonetising Rs 1,000 and Rs 500 currency notes with effect from November 8, 2016. The report mentioned...
More »Factory workers in India -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org Recent data from the Annual Survey of Industries, covering up to 2015-16, provide some interesting insights into the changing nature of industrial employment in India. In the decade up to 2015-16, there was a significant increase in the number of factory workers, by around 40 per cent. This expansion can be dated from around 2005-06 onwards and especially up to 2011-12. This is to be expected, given that that was...
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