-Newsclick.in The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate. The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India’s economic growth is back on track. According to...
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Economy all-clear but riders remain -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of...
More »GDP: The slide stops with 6.3% growth but old problems remain -Sanjiv Shankaran
-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the economy is still struggling. A comparison of the...
More »Closely monitor rural roads, PM tells officials in review meeting
-The Times of India NEW DELHI: Prime Minister Narendra Modi has directed officials to ensure efficient and stringent monitoring of construction of rural roads and also for quick resolution of complaints received through the 'Meri Sadak' application. Modi took a review meeting on the progress in infrastructure sectors including rural housing, rural roads, coal, mining and rural electrification on Thursday evening, which lasted for more than two and a half hours....
More »Modifying MGNREGA can alleviate India's farming crisis -Shreoshee Mukherjee
-Hindustan Times The design of large injections of public funds for India’s agriculture economy needs to be informed with rigorous evaluations on what is effective for higher farm productivity. A wage subsidy for farm-labour is one modification that needs an evaluation, to generate evidence to inform how the MGNREGA policy generates employment when there is need, but without stress to farm production Indian agriculture is witnessing a period of complex socio-economic distress,...
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