-Livemint.com Nine charts that sketch the anatomy of the slowdown in India’s economic growth and look ahead The Indian economy’s growth in the June quarter, 5.7%, has been worse than expected. Economists expect the current quarter to see much higher growth. But how significant is the slowdown? And how sharp will the recovery be? Here are nine charts that sketch the anatomy of the slowdown and look ahead: Chart 1 shows the depth...
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Demonetisation may have hurt more than it helped -Amulya Ganguli
-IANS It will take time for the economists to figure out whether the fall in the growth rate to 5.7 per cent is the result of the disruption caused by demonetisation and the Goods and Services Tax (GST), but most of the common people will see a connection between the two steps and a slowing down of the economy. For most of them, the GST seems right -- like the uniform civil...
More »Achchhe din's worst day
-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
More »The spectre of deflation -Himanshu
-Livemint.com It is not just the low inflation reported in June which confirms a declining demand but also the macro fundamentals of the economy which belie any optimism of 7%-plus growth The second volume of the Economic Survey was presented on the last day of the monsoon session of Parliament on 11 August, preventing Parliament from holding a discussion on the state of the economy as outlined by the report. The second instalment,...
More »No sweets in West Bengal as 2 lakh shops remain shut protesting 5% GST
-IANS All the sweet shops across the state went on a 24-hour strike Kolkata: In what could be a bitter experience for the sweet-loving residents of West Bengal, over two lakh sweet shops, celebrated for their rosogollas and mishti doi, across the state went on a 24-hour strike on Monday to protest imposition of five per cent Goods and Services Tax (GST). Monday's protest is expected to cause an estimated loss of Rs...
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