Subhash Chandra Garg, Deccan Herald Given the depreciating USD, India’s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28. The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India’s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India’s GDP reached $3.39 trillion...
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IMD Predicts Normal Rainfall, but Indian Monsoon Skewed And Anomalous so Far - Carbon Copy
The Indian monsoon arrived on the coast of Kerala on June 8, more than a week later than normal and the southern part of the country received its lowest June rainfall in 122 years—88.6 mm—which was 45% less than the normal between 1971 and 2020. However, the monsoon has made quick progress and has now covered the entire country. While rainfall was 10% below average during June, in July it could...
More »Explainer: Why are Tomato Prices on Fire?
Tomato prices are up through the roof. Retail prices are in the range of Rs 120-150 per kilogram in most mandis across India, making the household vegetable more expensive than petrol. Prices, which at the beginning of the year were in the range of Rs. 25 a kg, have INCreased by an order of between 500-600 percent. What does the data show? The National Horticultural Board is a body under the...
More »School dropout rate is worrying - Deccan Herald
The high dropout rates in schools in several states, INCluding Karnataka, during 2020-21, as revealed by data from the Ministry of Education, is a matter of concern when the education sector is considered to be recovering from the damage caused by the damage caused by the Covid pandemic. Karnataka, with a dropout rate of 14.6%, is in the company of states like Bihar and Gujarat, which had dropout rates higher...
More »New consumption survey to track online expenses in bid to capture real economic picture - Ishaan Gera
Economic Times Call it the next-gen consumption survey. The ongoing government consumption survey is going beyond asking what you eat, what you wear, and what you own; it also wants to know your OTT subscription spend, the time you spend online, how often you shop online, whether you order meals from Zomato or Swiggy, and if you own an electric vehicle. India's Household Consumption Expenditure Survey (HCES) will now INClude questions on...
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