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Shock slowdown -R Suryamurthy

-The Telegraph New Delhi: The Indian economy grew at its slowest pace in more than six years at 5 per cent in the first quarter of 2019-20, deepening worries about subdued factory output and resultant job losses. It also fanned concerns about the Narendra Modi government’s ability to crank up demand amid clear indications that urban consumption had also started to slacken after rural demand went into a deep rut several quarters...

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A misguided stimulus plan to revive our economic growth -Himanshu

-Livemint.com The government’s prognosis overlooks the rural stress that is at the heart of the economy’s troubles Last week saw a flurry of activity from the government aimed at reviving the economy. So far, it was in denial, but it has now woken up to the economic crisis that is spreading like wildfire. The vice-chairperson of NITI Aayog termed the crisis the worst since independence. Several members of the economic advisory council...

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What is behind the GDP growth falling to 5% -Radhika Merwin

-The Hindu Business Line Apart from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...

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What the data tells us: Are Muslims responsible for India's 'population explosion'? Not quite -Ali Mehdi

-The Times of India blog The Prime Minister expressed concern about ‘population explosion’ in his Independence Day speech, and referred to those with small families as patriotic, ‘responsible citizens’. Last month, BJP MP Rakesh Sinha introduced the Population Regulation Bill, 2019, in the Rajya Sabha. He later claimed that his Bill was not aimed at any religion, caste or community. Regardless, the Shiv Sena targeted a section of the Muslims for...

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Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)

-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...

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