-The Indian Express The RBI, however, said the economy will break out of contraction of the six months gone by and return to positive growth in the October-December quarter of 2020-21. Mumbai: The Indian economy likely entered into a technical recession for the first time in history at the end of the first half of 2020-21, according to the Reserve Bank of India. After an unprecedented decline of 23.9 per cent in GDP...
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COVID-19, climate and carbon neutrality -Jairam Ramesh
-The Hindu In the post-COVID-19 world, we should make efforts to ensure that the ‘G’ in GDP is not ‘Gross’ but ‘Green’ History is divided into two periods: Before the Common Era or BCE and Common Era or CE. But given our experience this year, BCE could well stand for Before the COVID-19 Epidemic and CE for the COVID-19 Epidemic. To say that 2020 has been cataclysmic is to state the obvious...
More »Do recent indicators hint at a real economic revival? -Vikas Dhoot
-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M....
More »Did India Lock Down Too Early? -Ritwik Banerjee
-TheWire.in These are our findings from over 43 countries on how aware people were about COVID-19 at different stages of its progression. By now, Indians have become used to Prime Minister Narendra Modi’s abrupt announcements – the consequences of which have changed the lives of many, forever. Demonetisation was one such announcement, then the reading down of Article 370, and then, the nationwide lockdown, announced on March 24 – with only four...
More »MSMEs -- re-defined for growth -Surbhi Jain and Sonali Chowdhry
-The Hindu Business Line The expanded ambit now allows a larger pool of enterprises to get the benefits of the MSME Act and pandemic-induced reforms Micro, small and medium enterprises (MSMEs) are amongst the strongest drivers of the economy with a vast network of about six crore enterprises, contributing about 45 per cent to manufacturing output, 50 per cent to exports, around 30 per cent to GDP, and creating employment for about...
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