-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several measures...
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India's GDP growth slips to 4.5%, slowest in more than six years
-The Indian Express The GDP growth rate has now slowed for the sixth consecutive quarter with the previous low recorded at 4.3 per cent in March 2013. Owing to a deceleration in manufacturing output and subdued farm sector activity, India’s GDP growth slipped to a 26-quarter low of 4.5 per cent in the second quarter (July-September) of the current fiscal, data released by National Statistical Office (NSO) Friday showed. The GDP...
More »GDP slump will hit $5-trillion economy target, warns NITI Aayog -TCA Sharad Raghavan & Sobhana K Nair
-The Hindu The Hindu has accessed a presentation made by NITI Aayog CEO Amitabh Kant to the Standing Committee on Finance; 12.4% growth needed to achieve the figure, Mr. Kant said. The road to a $5 trillion economy by 2025 is beset with many speed breakers, the NITI Aayog has warned the government. To begin with, the think tank has said the nominal GDP growth — a measure of growth without accounting for...
More »In variance with the official growth story -R Nagaraj
-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
More »Explained: Why is India's labour productivity growth faltering? -Udit Misra
-The Indian Express India’s labour productivity between 2016 and 2018 grew by just 3.7 per cent — a far cry from the annual growth of 14 per cent between 2004 and 2008 An analysis done by India Ratings and Research of Annual Survey of Industries data on India’s labour productivity growth in the organised manufacturing sector shows a disappointing trend. During the high economic growth phase between 2004 and 2008 (just before...
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