-The Indian Express The eight core sector industries - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 7.3 per cent in July last year. During April-July, the eight sectors grew by 3 per cent compared to 5.9 per cent in the same period the previous year. Growth of eight core industries slowed down to 2.1 per cent in July as against 7.3 per cent...
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Sentiments do have real economic benefits -Renu Kohli
-The Telegraph Investors may be buying stocks again, but fundamental drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...
More »What is behind the GDP growth falling to 5% -Radhika Merwin
-The Hindu Business Line Apart from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
More »Dip in tractor sales indicate further deepening of rural distress
In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...
More »Private sector salaries logged slowest growth in a decade -Vineet Sachdev
-Hindustan Times It is also the first time in seven years that the share of salaries in sales revenue has come down. Hit by decelerating sales growth, Indian companies are tightening spending on their wage bills. Private sector salaries recorded their worst growth in 10 years in fiscal year 2018-19. It was also the first time in seven years that the share of salaries in sales revenue came down. These results are...
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