-The Telegraph New Delhi: India's economy rebounded from a three-year low to grow at 6.3 per cent in the three months ended September 30. "The impact of the demonetisation and the GST is well behind us," finance minister Arun Jaitley said on Thursday after the numbers were announced. The economy had slowed dramatically in the first quarter to record a dismal 5.7 per cent growth. Opponents had then accused the Modi regime of...
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Turning the corner -Ajit Ranade
-The Hindu The next few quarters call for focus on consumption, private investment, agriculture and exports There was a collective sigh of relief when the second quarter GDP data were released officially by the Central Statistics Office (CSO). The government folks were relieved that a declining trend of four consecutive quarters of growth had finally been reversed. The forecasters and economists were relieved that the announced data had mostly conformed to their expectations....
More »The Truth That GDP Figures Conceal -Bodapati Srujana
-Newsclick.in The estimated growth rate for the second quarter has been declared as 6.3%, but this is nothing that an average Indian should celebrate. The quick estimated growth rate of GDP for the second quarter (Q2) of 2017-18, has been declared as 6.3%, compared to 5.7% of the previous quarter (Q1). This is seen by many, including Mr Jaitley, as a sign that India’s economic growth is back on track. According to...
More »A Comprehensive Guide From RBI on How 'Not' to Lend to Farmers -Bodapati Srujana
-Newsclick.in This might help understand why there is a huge gap between the amount of loans banks claim they have given to the farmers and the amount that is actually received by the farmers. If you ever find yourself with time on your hands, and don’t know what to do with it – here is something that you can do. Just go to the website of Reserve Bank of India, and search...
More »GDP: The slide stops with 6.3% growth but old problems remain -Sanjiv Shankaran
-The Times of India NEW DELHI: The highlight of the gross domestic product (GDP) data for July-September quarter is the overall growth rate of 6.3 per cent, the first time pace of economic growth has increased in six quarters. It suggests that the marked slide we witnessed over the last year has finally stopped. However, a look at the disaggregated data shows that the economy is still struggling. A comparison of the...
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