-The Indian Express The certainty that producers once enjoyed — of finding buyers for their wares without doing much beyond minor price adjustments to bring supply and demand into equilibrium — has ceased to exist. India traditionally never had a demand problem. On the contrary, its Economy.was always supply-constrained. Proof of no demand paucity is that between 2000-01 and 2015-16, domestic consumption of both finished steel and cement roughly trebled, from...
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Business leaders seek Rs 1 trillion govt stimulus to revive economy
-PTI Industry leaders met Finance Minister Nirmala Sitharaman in New Delhi for three hours. Businesses on Thursday asked the government for a stimulus package of over Rs 1 trillion to restart investments and revive the Economy. Industry leaders, who met Finance Minister Nirmala Sitharaman in New Delhi for three hours, said the government will soon take action to boost economic growth. "The Economy.requires a critical intervention by introducing a stimulus package. We have...
More »India's Economy.is in such deep slump that lowering interest rates alone won't fix it -Rahul Menon
-Scroll.in/ qz.com There are parallels between India’s economic situation today and the US experience of 2008. The Indian Economy.is facing one of its most challenging times in years, and policymakers are responding to the crisis through monetary measures, such as tweaking key interest rates. But how far can this go in reviving growth? On August 7, the Reserve Bank of India, in its bi-monthly monetary policy meeting, lowered its growth projection for...
More »Jean Dreze contests Amit Shah with Gujarat data -Pheroze L Vincent
-The Telegraph Dreze showed how Jammu and Kashmir outscored Gujarat on the basis of a raft of development indices New Delhi: Economist Jean Dreze held up a placard at a protest rally here on Wednesday, displaying stats to contest home minister Amit Shah’s claim that Jammu and Kashmir was less developed than the rest of India. Dreze showed how Jammu and Kashmir outscored Gujarat on the basis of a raft of development indices. “I...
More »The Indian Economy.is blaring warnings, but the Modi government remains in denial -Jayati Ghosh
-Scroll.in/ qz.com While the government was busy celebrating cosmetic measures like ‘ease of doing business’ ranking, the real Economy.tanked. Suddenly, it seems like everything is shrinking in India: our capacity for tolerance and diversity, the space for democratic expression and dissent – and now, economic growth. The warning signs have reached a point where they cannot be ignored any longer and more people, including prominent business leaders, are speaking out. Yet, at...
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