-The Hindu Business Line Strengthening of global demand will support domestic economy: RBI Kolkata: The Reserve Bank of India, in its Annual Report 2016-17, has said strengthening external demand will help support the economy, even while favourable domestic conditions are expected to quicken the pace of overall economic activity during the year. Global growth is gaining traction in 2017-18, with the recovery driven primarily by a cyclical upturn in investment, manufacturing and trade,...
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Disturbing trend: Why is India's unemployed youth not looking for jobs?
-The Economic Times Data suggests that India's unemployed youngsters are not looking for jobs. In January 2017, there were 408.4 million employed people in the country. The number of those who were unemployed and seeking jobs was 25.9 million. Seven months later, by the end of July, the number of employed fell to 405.4 million. But the number of those looking for jobs also fell to 13.7 million, according to a report...
More »Economy red flags go up -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India's growth juggernaut has started to lose steam. In the mid-year Economic Survey, chief economic adviser Arvind Subramanian flagged big risks to economic growth and fiscal targets while asserting that the country had entered a "new phase of relatively low, possibly very low, inflation". In the first volume of the survey published in January, the government had forecast GDP growth in the range of 6.75 to 7.5 per cent...
More »Bleeding banks need more than a bandage -Shachi Singh
-GoI Monitor The NPAs have risen to Rs 10 lakh crore and farm loans make a very small portion of it. Will the recent RBI actions help? THE RESERVE Bank of India (RBI) has decided to act against 12 big corporates responsible for 25 per cent of the Rs 10 lakh-crore non-performing assets (NPAs) in Indian banks. However, despite Supreme Court's order in 2015, the RBI has refused to make the list...
More »Economic forecasting is not a science -Prashanth Perumal
-The Hindu India lost its tag as the ‘world’s fastest-growing economy’ last month as its fourth quarter GDP growth fell to 6.1%, the slowest in two years. Very few economists expected the slowdown. In fact, most waited for the economy to rebound as it quickly healed from the impact of the demonetisation of high-value rupee notes in November. Critics of demonetisation felt vindicated, particularly after GDP figures for the third quarter...
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