-The New Indian Express The latest growth print also implies that restoring both India's fastest growing economy tag and the ballyhooed USD 5-trillion target will be further delayed It's official. India's economy has been reduced from flesh to bone with September quarter GDP growth crashing to a 26-quarter-low of 4.5 per cent. Just a quarter before, it grew at 5 per cent, which now appears respectable than the latest print. The Central Statistics Office's...
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GDP slump will hit $5-trillion economy target, warns NITI Aayog -TCA Sharad Raghavan & Sobhana K Nair
-The Hindu The Hindu has accessed a presentation made by NITI Aayog CEO Amitabh Kant to the Standing Committee on Finance; 12.4% growth needed to achieve the figure, Mr. Kant said. The road to a $5 trillion economy by 2025 is beset with many speed breakers, the NITI Aayog has warned the government. To begin with, the think tank has said the nominal GDP growth — a measure of growth without accounting for...
More »In variance with the official growth story -R Nagaraj
-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
More »The curious case of a consumption decline
-Livemint.com A leaked NSO survey report says that expenditure by consumers across India actually fell over a six-year span till 2017-18. This is at odds with our GDP data. So what explains this finding? Is Indian consumption in decline? Anecdotal evidence has pointed that way for some time. But now, a leaked survey report of the National Statistical Office (NSO), published on Friday in Business Standard, seems to confirm suspicions of such...
More »Q2 GDP growth to decline to 4.9 per cent: NCAER
-PTI India’s economy grew at 5 per cent in the first quarter of 2019-20 New Delhi: Economic think-tank, National Council of Applied Economic Research (NCAER), said that India’s GDP growth is likely to decline to 4.9 per cent in the second quarter of this fiscal due to sustained slowdown in virtually all the sectors. India’s economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over...
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