-The Hindu Getting financial institutions to a healthy state when they can begin to lend confidently is most crucial for faster growth We bid goodbye to 2019 with a sigh of relief. Anything that could go wrong went wrong during this year. Growth rate plummeted. From the level of 8.1% in the fourth quarter of 2017-18, quarterly GDP growth fell to 4.5% in the second quarter of 2019-20, a fall of 3.6...
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Double trouble: On uneven inflation and sluggish growth
-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
More »India may have lost Rs 2.8 lakh crore due to economic slowdown -Sunitha Natti
-The New Indian Express According to the Organisation for OECD, India’s potential gross domestic product is pegged at seven per cent, while other forecasts show growth barely humming at five per cent. HYDERABAD: What is India’s lost economic activity due to the ongoing slowdown? It is difficult to determine, but according to one estimate, it could be as much as Rs 2.8 lakh crore. Often, economic growth or decline is measured in percentages,...
More »Debit cards in circulation fall 15% to 2-year low in October
-BusinessToday.in Almost 155 million debit cards reportedly went out of the market due to the migration from magnetic strip debit cards to EMV-based debit cards The number of debit cards in circulation fell 15 per cent on annual basis to 843 million in October as banks moved to migrate to EMV-chip-based cards. The downturn came as the debit cards in India seemed poised to touch the 1-billion mark a year ago, with...
More »Falling employment, low wages and food inflation -- the rural economy is in pain -Siraj Hussain
-Moneycontrol.com With priorities of the government changing, the agriculture sector is unlikely to see any major initiatives and reforms Inflation based on Consumer Price Index (CPI) for November is further proof that agriculture produces only marginal surpluses. Only last year, observers were worried that the planners were not engaged enough to see that India is now surplus with most agricultural commodities. Please click here to read more. ...
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