Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
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Why is the Narendra Modi government trying to muzzle data? -Haripriya Suresh
-TheNewsMinute.com Multiple reports have been delayed (for short or long periods of time) or not released under the Modi government. Data is considered the most precious resource, and it appears that the Indian government does want to keep it under wraps. Crime Statistics by the National Crime Records Bureau (NCRB) haven’t been released since 2016, the controversial Periodic Labour Force Survey was delayed and released after the elections (and also ruffled...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »Shock slowdown -R Suryamurthy
-The Telegraph New Delhi: The Indian economy grew at its slowest pace in more than six years at 5 per cent in the first quarter of 2019-20, deepening worries about subdued factory output and resultant job losses. It also fanned concerns about the Narendra Modi government’s ability to crank up demand amid clear indications that urban consumption had also started to slacken after rural demand went into a deep rut several quarters...
More »IMF report flags several delays in India's data reporting -Vignesh Radhakrishnan
-The Hindu In 2018, India failed to comply with multiple requirements prescribed in the Special Data Dissemination Standard (SDDS) mandatory for all IMF members Chennai: Even as questions have been raised about the delays in data dissemination from various government agencies — the most recent data from the National Crime Records Bureau dates back to 2016 and accident Statistics have not been updated since 2015 — a recent report published by the...
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