-The Times of India NEW DELHI/ ONGOLE: Two senior Union ministers on Thursday sought to allay apprehensions over the new government order on cattle trade, emphasising that the Centre will not interfere with the food habits of people in the different regions of the country. While finance minister Arun Jaitley emphasised in Delhi that the Centre's order will not impact state laws on slaughter, information and broadcasting minister Venkaiah Naidu said in...
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The Indian economy finally bares its demonetisation scars -Manas Chakravarty
-Livemint.com Very low GDP growth in the fourth quarter indicates that the slowdown is likely to persist in the current quarter as well Finally, the impact of demonetisation is visible in the gross domestic product (GDP) numbers. Gross value-added (GVA) growth at constant prices fell to a mere 5.6% in the fourth quarter of fiscal year 2017 (FY17), clearly showing the scars of demonetisation on the economy. That’s not all. The headline growth...
More »Demonetisation Pulls Down India's GDP to 3-Year Low at 6.1%, Loses Fastest Growing Economy Tag to China
-Outlook Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent. The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the...
More »Reversal Of Fortunes: From net farm exporter to net importer -Harish Damodaran
-The Indian Express Between 2013-14 and 2016-17, India’s exports of Agricultural commodities have dipped from $43.2 billion to $33.8 billion, even as imports have climbed from $15.5 billion to $25.6 billion Falling exports and rising imports — this has been the story of the country’s Agricultural trade over the last three years, notwithstanding the Narendra Modi government’s ambitious Make in India initiative. Between 2013-14 and 2016-17, India’s exports of Agricultural commodities have dipped...
More »Farm provides growth impetus
-The Telegraph New Delhi: A robust farm growth of 5.2 per cent in the March quarter pushed GDP growth up to 7.1 per cent. However, growth in the sector was lower than the previous quarter's expansion of 6.9 per cent. Farm growth for the full fiscal zoomed to 4.9 per cent because of good rainfall and record food-grain production compared with a near flat 0.7 per cent expansion in 2015-16. "The third...
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