-The Hindu Growth impulses also need to be ‘unfettered’ in current situation, says Sitharaman In a barely veiled signal to Mint Street, Finance Minister Nirmala Sitharaman said on Thursday that monetary policy tools like interest rate increases deployed by several central banks would not suffice to cool inflation and suggested that the Reserve Bank of India need not synchronise its actions ‘as much’ with its counterparts in developed countries. While monetary policy as...
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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »Urban jobless rate in 7 states, J&K acutely high -Surya Sarathi Ray
-Financial Express Pan-India unemployment down since the second wave of Covid-19. Even as there has been a steady decline in urban unemployment since the highly infective second Covid wave, joblessness in seven states of Rajasthan, Bihar, Kerala, Uttarakhand, Odisha, Chhattisgarh and Himachal Pradesh, besides Union Territory of Jammu and Kashmir, remained at very high levels, as per the periodic labour force survey (PLFS) data. These states, where unemployment has consistently been higher than...
More »Three charts which explain the state of the Indian economy -Roshan Kishore
-Hindustan Times Are the June 2022 GDP numbers good or bad? What do they mean for economic growth over the rest of the fiscal year? What is the current state of economic momentum in the Indian economy? What about the nature of economic recovery? The Indian economy grew at 13.5% on a year-on-year basis in the quarter ending June 2022. While the headline number looks good, and is the fastest rate since...
More »India’s urban unemployment rate improves across genders, age groups to best-ever level: Survey -Abhishek Jha
-Hindustan Times The quarterly bulletin of the Periodic Labour Force Survey also suggests that at least some of this improvement is because of a higher than usual engagement in poor quality jobs in the quarter ending June 2022 New Delhi: After recovering to pre-pandemic levels in the quarter ending March 2022, India’s urban unemployment rate improved across genders and age groups to its best-ever level in the quarter ending June 2022, according...
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