-Livemint.com Despite claims of an economic recovery, rural wage growth of non-agricultural labourers continued to be in negative territory for the fourth month in a row Data released by the Central Statistics Office last month suggested a recovery in economic growth during the fourth quarter of 2017-18, with the economy expanding by 7.7% compared to that in the first quarter, when growth was at its lowest at 5.7%. This has given some...
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India's GDP grows 7.7% in Q4, retains fastest growing economy tag
-PTI NEW DELHI: India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output. India's economic expansion at 7.7 per cent was significantly higher than China's 6.8 per cent in the January-March period. However, the Indian economy on yearly basis grew at a four-year low of 6.7...
More »At current rates, Bangladesh could top India's per capita income by 2020 -Krishna Kant
-Business Standard Also, over the past 3 years, GDP in dollar terms has grown 12.9%, more than twice our rate Mumbai: After trailing its big neighbour for four decades, Bangladesh has gone ahead of India in economic growth and on social development indicators. In the three years ending 2016, Bangladesh’s gross domestic product (at current prices) in dollar terms grew at a compounded annual rate (CAGR) of 12.9 per cent, more than twice...
More »Multiple revisions of official GDP data confuses analysts, says RBI -Ishan Bakshi
-Business Standard The dilemma regarding reliability is usually the greatest around the release of advance estimates Analysts at the Reserve Bank of India (RBI) have questioned the numerous revisions in gross domestic product (GDP) data by the statistics office. RBI has said this confuses analysts about the economy. It suggested the Central Statistics Office (CSO) incorporate data on high frequency Economic Indicators such as commercial vehicles and international air passenger traffic. It should...
More »No slur on eastern States: Amitabh Kant -Yuthika Bhargava
-The Hindu NITI Aayog CEO says he did not say they were dragging down India’s growth Facing criticism over his comment that eastern States such as Bihar, Uttar Pradesh, Chhattisgarh, Madhya Pradesh and Rajasthan, where the BJP is in power, are keeping India backward, Amitabh Kant, Chief Executive Officer of NITI Aayog, on Tuesday issued a clarification on Twitter. “These States are backward on human development indicators because of legacy issues. This government’s...
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