-Livemint.com/ howindialives.com The recovery of India’s foreign trade from the pandemic is patchy. But it’s better in exports than in imports On 15 Aug, standing on the Red Fort ramparts, Prime Minister Narendra Modi reiterated his government’s economic vision of self-sufficiency, adding that India would aim to become the supplier to the world. A day earlier, India had reported its latest trade numbers, and for the second successive month, India’s goods exports...
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The Covid-19 Pandemic and Indian Agriculture: A Note -R Ramakumar
-Foundation for Agrarian Studies blog The world is sliding rapidly towards a recession. The Covid-19 pandemic will shut down large parts of the world economy for at least a few months more. IMF managing director Kristalina Georgieva stated on March 23, 2020 that the outlook for global growth in 2020 was “negative.” Recovery, if any, is expected only in 2021. According to the International Labour Organisation (ILO), the rise in unemployment...
More »India may have lost Rs 2.8 lakh crore due to economic slowdown -Sunitha Natti
-The New Indian Express According to the Organisation for oecd, India’s potential gross domestic product is pegged at seven per cent, while other forecasts show growth barely humming at five per cent. HYDERABAD: What is India’s lost economic activity due to the ongoing slowdown? It is difficult to determine, but according to one estimate, it could be as much as Rs 2.8 lakh crore. Often, economic growth or decline is measured in percentages,...
More »GDP numbers: EAC-PM rejects ex-CEA's claims, releases point-to-point rebuttal
-The Times of India NEW DELHI: The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP numbers and said that India's current methodology is at par with its global standing as a responsible, transparent and well-managed economy. The EAC-PM released a detailed note titled 'GDP estimation in India - Perspectives and Facts' and as it earlier stated, the note...
More »At WTO, India for 'unbiased' assessment of trade policies -TCA Sharad Raghavan
-The Hindu India is trying to rally the support of other developing countries in the World Trade Organisation to reform the “biased” system of assessing a country’s services trade policies, according to an official closely associated with the development. The existing system, developed by the Organisation for Economic Co-operation and Development (oecd), has significant quantitative and qualitative flaws, said Manoj Pant, Director of the Indian Institute of Foreign Trade, and author of...
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