-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...
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12-year low -- and Before Covid
-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...
More »Recent survey by civil society group show 'access-to-food' situation improves in Jharkhand, although much is required to be done for the poor & marginalised
-Press release by Right to Food Campaign, Jharkhand chapter, dated 26th May, 2020 Following the first round of quick survey of essential facilities in rural areas of Jharkhand that was conducted during the first week of April 2020, a second round of survey was done in the second and third week of May this year by members (called "observers") of the Right to Food Campaign, state chapter. Like the previous one,...
More »Mass lay-offs likely in automobile sector in the Millennium City -Ashok Kumar
-The Hindu Lockdown slump may erase 20-30 lakh jobs, says expert Around 20-30 lakh workers, mostly contractual, could lose jobs in the Gurugram-Manesar-Bawal automobile belt due to slump in demand in the wake of COVID-19-induced lockdown, said Harbhajan Singh, chairman of Ease of Doing Business, CII, Haryana. Speaking to The Hindu, Mr. Singh, also former director of Honda two-wheelers, said that the Gurugram-Manesar-Bawal automobile belt, which employs around six million workers and is...
More »Coronavirus lockdown: Industrial output shrank 16.7% in March 2020
-The Hindu All categories of manufacturing industries showed a contraction in production, with the worst affected being the automobile sector India’s factory output plummeted to record lows in March, with the Index of Industrial Production contracting 16.7%, reflecting the drastic impact of the countrywide lockdown that began on March 25. This comes after a positive growth of 4.5% recorded in February. Manufacturing sector output slumped 20% in March, while electricity generation shrank almost...
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