-The New Indian Express The industry has warned that this trend may continue if no stimulus is given to boost rural demand. Delayed monsoon, weak rural Economy, tightened liquidity scenario, and the vicious cycle of droughts and floods have dragged down the demand for tractors, which is already witnessing slowdown since the start of this fiscal. The industry has warned that this trend may continue if no stimulus is given to boost...
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Is the current slowdown cyclical or structural? -Deepti Mathew
-IANS While there is a consensus that the Economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical. The Indian Economy is passing through a phase of economic slowdown, with the GDP growth registering one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the first quarter of FY20 is feared to be lower than...
More »Economic slump: Modi govt re-arranging furniture when house is on fire -Subodh Varma
-Newsclick.in Measures announced by the finance minister are mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s finance minister Nirmala Sitharaman for supposedly boosting a sinking Economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...
More »Economic growth problem: It's time now for Modi-II to undo the damage -TN Ninan
-Business Standard Aiming for unachievable growth rates would compound past errors. The Economy has to lower its sights, and do some hard thinking about how to come out of the present hole, writes T N Ninan There is a general sense that the economic growth problem came upon us suddenly in the last few months. In some ways, it did — for example, through the continuing fallout of the collapse 11 months...
More »Need to eliminate distrust within private sector, 'extraordinary' steps needed: NITI Aayog on slowdown
-The Indian Express Explaining the origins of the present economic situation, the Niti Aayog vice-chairman said: "The entire episode started with indiscriminate lending during 2009-14 leading rise in non-performing assets (NPAs) post-2014." The Centre’s policy think tank Niti Aayog stated Thursday that the prevalent slowdown in the country’s Economy is due to the distrust amongst the private sector where the credit situation is stagnant. “Nobody is trusting anybody else… within the...
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