-Livemint.com World Bank has reduced its India GDP growth forecast to 7% for 2017-18 from 7.2%, blaming disruptions caused by demonetisation and GST New Delhi: After remaining the world’s fastest-growing region for eight consecutive quarters, South Asia has slipped to the third position behind East Asia and the Pacific regions, as India’s Economy.slowed to its lowest level in 13 quarters, the World Bank said on Monday. This is at a time when...
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Six steps to job creation -Santosh Mehrotra
-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large Economy...
More »The case for a rural stimulus -Himanshu
-Livemint.com It is clear that not only has the govt failed to do anything to revive the sagging rural demand, it has also refused to acknowledge the demand problem The fact that the Economy.is on a downward slide is no longer a matter of debate. It is neither a technical issue nor is it a transient blip which will go away on its own. However, matters are complicated as far as...
More »PM's advisory council acknowledges slowdown
-The Hindu Chairman Bibek Debroy, however, declines to share reasons Accelerating growth and employment over the next six months would be the top priority of the recently reconstituted Prime Minister's Economic Advisory Council (PMEAC), its chairman Bibek Debroy said on Wednesday, acknowledging the slowdown in the Economy. “There is consensus among us about the various reasons that have contributed to the slowdown,” Mr. Debroy said after the first meeting of the Council on...
More »Country set for good Rabi season due to late rains: Agriculture Secretary -Madhvi Sally
-The Economic Times NEW DELHI: The country is headed for good rabi season despite below normal monsoon rains, thanks to a surge of rainfall in the last week of September that replenished soil moisture, agriculture secretary Shobhana K Pattanayak has said. The late rains will benefit planting of rabi crops such as wheat and chana, Pattanayak said on Thursday. “We are expecting a very good rabi season, so that should make up...
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