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...
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An economist proposes ways for India to revive its Economy in the wake of the Covid-19 pandemic -Jayati Ghosh
-Scroll.in An excerpt from ‘The Making of a Catastrophe: The Disastrous Economic Fallout of the Covid-19 Pandemic in India,’ by Jayati Ghosh. There was much that was wrong with the Indian Economy, society, and polity before the pandemic struck; and this book has suggested that much more has gone wrong since. It is easy to feel horror at the inequalities exposed and accentuated by governmental and societal responses to the pandemic, despair...
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 »Paddy sowing over in 97% normal area till Sept 2, cloud over final output -Sanjeeb Mukherjee
-Business Standard For all the kharif crops, the acreage, as on September 2, was around 106.92 mha - just 1.27% lower than last year The acreage of paddy — the main foodgrain grown during the kharif season— continued to remain around 6 per cent lower than the acreage during the same period last year. So far, around 97 per cent of the normal area has been covered. Normal area is the average...
More »Merchandise exports remain flat at $33 billion in August -Vikas Dhoot
-The Hindu On conservating estimate, exports will cross $750 billion amid global headwinds, said Commerce Secretary India’s merchandise exports contracted 1.15% in August to $33 billion, while inelastic imports of petroleum and coal remained firm, lifting imports above the $60 billion mark for the sixth successive month. The country’s goods trade deficit moderated slightly from the record $30 billion in July, but remained the second highest on record at $28.68 billion, more than...
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