Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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What data says about first 100 days of Modi 2.0 -Sneha Alexander & Vishnu Padmanabhan
-Livemint.com Contrary to?perceptions that auto slowdown is driven by changing millennial preferences, data shows that millennials, in fact, do want to purchase?cars Through a dedicated booklet (100 Days of Bold Initiatives and Decisive Actions) and press conferences across the country, the Bharatiya Janata Party (BJP) has launched a publicity blitz celebrating its achievements in the first 100 days of its return to power. But are the BJP’s claims and promises grounded in...
More »Wheels of misfortune: On crisis in Automobile Industry -Ashok Kumar, M Soundariya Preetha and Sangeetha Kandavel
-The Hindu The Automobile Industry is in the grip of an unprecedented crisis. The downturn in the economy has led to a dip in production and huge job losses across the country. July was a difficult month for 28-year-old Rohit Rana. Since 2012, Rana had been employed in a diesel machine shop at Maruti Suzuki’s Gurugram plant in Haryana. As the eldest of three siblings, it became Rana’s responsibility to take care...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »Slowdown may render 30 lakh MSME workers jobless: KASSIA
-The Hindu Karnataka has over 6,00,000 small industries that employ over 70 lakh people Bengaluru: If the Union government fails to come up with precautionary measures to minimise the impact of the economic slowdown on the MSME (Micro Small & Medium Enterprises) sector, at least 30 lakh people will go jobless in Karnataka, cautions industry apex body, KASSIA (Karnataka Small Scale Industries Association). “The recession is no more a fear, but a...
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