-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,...
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IMF may significantly downgrade India growth forecast in January: Gita Gopinath
-PTI * While speaking at an event in Mumbai, the IMF chief economist also sounded doubtful about India achieving $5 trillion GDP target by FY25 * 'If you look at recent incoming data, we would be revising our numbers,' she said Mumbai: The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India "significantly", its India-born chief economist Gita Gopinath said on Tuesday. The Washington-based institution had...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
More »Economic slump: India's rickety bridge over troubled waters -Dev Kar
-TheWire.in Sustaining growth amidst a global economic slowdown would require tackling corruption. Raghuram Rajan, the-then outgoing Governor of the Reserve Bank of India, in an exit interview he granted to Karan Thapar (‘To The Point’, YouTube, September 2, 2016), took satisfaction from the fact that India was “on a more sustainable growth path”. The remark turned out to be premature. Less than two years later, starting the first quarter of FY 18/19, ominous...
More »Government working on more measures to boost economy: Nirmala Sitharaman
-PTI GST rates have to be ratonalised by the Council, says th Finance Minister Finance Minister Nirmala Sitharaman on Saturday, December 7, 2019, said the NDA government is working on more measures to revive the sagging economy. The GDP growth slowed down to more than six-year low of 4.5 per cent in the second quarter of the current fiscal from 5 per cent recorded in the first quarter. The government has taken several measures...
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