-PTI India is projected to achieve a 7.3 per cent Growth in 2017, down from the 7.7 per cent predicted in January United Nations: The United Nations has revised downward India's economic Growth forecast for 2017 but predicted an increased 7.9 per cent GDP Growth next year as it cautioned that stressed balance sheets in the banking sectors will prevent strong investment rebound in the near term. The UN World Economic Situation...
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How far have Gujarat's youth gained from its Growth? -Dipti Jain
-Livemint.com Increasing mechanization and stagnant wages might be behind youth unrest in poll-bound Gujarat As Gujarat prepares for assembly polls scheduled at the end of this year, the big question is whether the Bharatiya Janata Party (BJP) would be able to retain the support which Narendra Modi’s leadership guaranteed. The Hardik Patel-led Patidar agitation and Jignesh Mevani-led Dalit protests point towards rising discontent among a section of the youth in the...
More »Cash is back as digital payments dip on cost -TCA Sharad Raghavan
-The Hindu PoS devices’ demand falls on remonetisation, user charges Cash transactions are beginning to trump almost every form of digital payment alternative with April clocking a decline in volumes as well as value of transactions conducted through cards, mobile banking and the Unified Payment Interface (UPI). The trend assumes significance six months after the Centre announced demonetisation of ?500 and ?1,000 notes on November 8. The near-completion of the remonetisation process and merchants...
More »New IIP series shows severe impact of demonetisation on manufacturing sector -Manas Chakravarty
-Livemint.com In the December-March of 2016-17 period, manufacturing Growth was the lowest compared with the same period in the past five years, shows new IIP series The new Index of Industrial Production (IIP) series, with the base revised to 2011-12, tells us that, in the period December-March of 2016-17, manufacturing Growth was the lowest compared with the same period in the past five years. This is very likely a result of the...
More »Job Creation Under Modi Government Plunges To Levels Even Below The UPA Regime: Report
-HuffingtonPost.in "Yet more than half-way through his (Modi’s) tenure, there are almost no jobs available." The India Exclusion Report 2016, released by the New Delhi-based Centre for Equity Studies (CES) on Friday, says that fewer jobs were created under the Modi government in 2015 compared to the previous government led by the Congress Party. Citing Labour Ministry Data, the report says that employment creation in 2015 plummeted to 135,000 jobs compared to 930,000...
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