-The Hindu Amidst the scattered experimentation now, the Centre must offer strategic policy guidance for inter-State coordination Only two years ago, in the wake of a nationwide lockdown, India was left shocked by the plight of migrant workers walking hundreds of kilometres, facing hunger, exhaustion and violence, to get to the safety of their home villages. The dire circumstances of the migrants tugged at our collective heartstrings. They became the focus of...
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Delhi Ranks 3rd In Per Capita Income, Behind Sikkim, Goa: Economic Survey
-NDTV.com/ PTI The survey also said that Delhi's GDP at current prices increased by about 50 per cent in the last six years from Rs.6,16,085 crore in 2016-17 to Rs.9,23,967 crore in 2021-22. New Delhi: Delhi ranked third in terms of per capita income behind Sikkim and Goa, according to the Economic Survey of Delhi 2021-22. The survey also said that Delhi's GDP at current prices increased by about 50 per cent in...
More »India’s new budget: much fanfare, missed opportunity -Happy Pant and Sarah Farooqui
-CBGA Blog India presented its latest Union Budget (for FY 2022 -23) in early February amid much hope, as the country is still reeling from the aftermath of Covid-19 pandemic, which has lasted for two years. To deal with the pandemic induced socio-economic crisis, countries across the world have been announcing policy measures outside of their annual budgets. The Indian government, too, made many such announcements, but given the scale of the...
More »Five years of demonetisation: Black Money deals down 75-80%; sales outstrip new supply
-MoneyControl.com In post-DeMo Q4 2016-Q3 2021, sales of approximately 10.37 lakh units outstripped new launches that were at approximately 9.04 lakh units Cash transactions in the housing market have reduced by at least 75-80 percent since demonetisation five years ago. Buyers no longer buy homes to get rid of black money - they now buy them because they want to own homes. But the component is still finding its way into property...
More »Economic lessons for India from the Evergrande crisis in China -Vivek Kaul
-Livemint.com Real estate must contribute more to our economy and that calls for sectoral reforms and cheap homes Over the past few weeks, the financial and economic world has been worried about the likely collapse of Evergrande, the world’s most-indebted real estate company. At the same time, the bigger issue of China’s dependence for growth on its real-estate sector remains. In a working paper titled, Peak China Housing, Kenneth S. Rogoff and Yuanchen...
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