-The Telegraph An over six-year low of 4.5 per cent The Narendra Modi government’s bluster on the state of the Indian economy was bottled on Friday after the National Statistical Office (NSO) came out with data that showed growth in the second quarter had sunk to an over six-year low of 4.5 per cent — the slowest expansion in 26 quarters. The sharp slowdown was triggered by a contraction in the manufacturing sector...
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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...
More »Civil society group welcomes failure to sign RCEP; calls it 'bad deal for democracy' -Joe C Mathew
-Business Today RCEP trade deal: The group said that the Indian govt should not agree to the RCEP even in future as it will be a 'bad deal for democracy, for farmers, workers, will subvert our sovereign laws and compromise India's industrialisation potential'. Forum for Trade Justice, a pan-civil society network has welcomed the failure of the 16 negotiating countries to reach a consensus over the conclusion of the world's largest free...
More »Explained: What National Health Profile says about targeted, actual health spend -Abantika Ghosh
-The Indian Express The National Health Profile (NHP) is an annual stocktaking exercise on the health of the health sector. At a time when Universal Health Coverage has become the new buzzword of healthcare in India since Ayushman Bharat, the National Health Profile 2019 throws up sobering figures. Between 2009-10 and 2018-19, India’s public health spend as a percentage of GDP went up by just 0.16 percentage points from 1.12% to...
More »Explained: Why the govt wants to change the definition of MSMEs -Udit Misra
-The Indian Express A change in definition is expected to improve their ease of doing business and help create more jobs. It has been reported that the government will soon change the way it defines the micro, small and medium enterprises (MSMEs). “We will have one meeting and then finalise it (changes to MSME definition),” Union Minister Nitin Gadkari told news agency PTI, adding that extensive changes will be made soon....
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