-Livemint.com An effective mass transit system for India’s large urban agglomerations can flourish only with adequate financing of buses, metros, and suburban rail Among the several services that haven’t been able to keep up with the exponential growth of Indian cities is public transportation. As transit is integral to living in cities, residents have resorted to purchasing private vehicles to get around, adding to an already-severe congestion crisis in our cities. The solution...

-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...

-Newsclick.in Rather than spending more, government expenditure by July 2019 is less than what it was last year as share of annual budget, with key public welfare related ministries cutting most. India is facing an unprecedented slowdown of the economy with GDP growth slumping to 5% in the June quarter, agriculture growing by only 2% and manufacturing by a mere 0.6%. Private consumption expenditure – spending by families on consumption – has...

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

-IndiaToday.in Data shows that consumption and investment demand are declining. Private final consumption expenditure grew by only 3.1 per cent (a 4.5-year low), while fixed capital formation grew by four per cent, 0.4 per cent less than the last quarter of the financial year 2019. Gross Domestic Product or GDP is a tool to measure and compare how good or bad countries are doing economically. Recent data of the first quarter of...