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Jobs revival

-The Hindu Business Line  The latest PLFS report shows that urban India has recouped jobs lost during Covid, but there are some structural shifts As Covid wanes, India’s high-frequency indicators suggest that economic activity is normalising quickly, with high-contact services such as trade, hospitality and travel being the latest to revive. NSO’s latest Periodic Labour Force Survey (PLFS) for the April-June quarter of 2022 shows that the growth revival is reflecting in...

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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap

There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...

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The under-nutrition problem in Bundelkhand should receive equal attention of the policymakers, if not more

Recent media reports point out that the Bundelkhand region of Uttar Pradesh is likely to get about Rs. 6,300 crore projects ahead of the upcoming Uttar Pradesh assembly polls, including a Rs. 400 crore worth plant for the propulsion system of anti-tank guided missiles in Jhansi. The foundation was laid for the first project in the Jhansi node (related to the Uttar Pradesh Defence Industrial Corridor) on November 18, 2021. The two...

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State Recovery Tracker: UP, Rajasthan, other large states led economic recovery in December -Tauseef Shahidi and Pooja Dantewadia

-Livemint.com Over 1.8 million vehicles were sold across India last month, 10 percent higher than December 2019, vehicle registration data suggests. This is the first time during the pandemic that vehicle registration data has shown a year-on-year increase India’s economic recovery appears to have picked up pace over the past few weeks, led by the largest states of the country. All four high-frequency indicators of economic activity considered in Mint’s monthly state...

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Beware, the numbers can be deceptive -Madan Sabnavis

-The Hindu Business Line Many high-frequency economic indicators are looking good, but must sustain beyond the unlock period, too There has been a sudden surge of optimism in the economy with various high-frequency indicators — PMI numbers, auto production/dispatches, e-way bills generated, GST collections, etc. — showing positive tendencies. So, should we be celebrating? The answer is, yes and no. Yes, because there is something good happening in the economy and hence bodes...

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