-Newsclick.in By doing so, the corporate sector seems to have cautioned the government against expecting a fast rebound in industrial activity, as there is sizeable idle capacity in the absence of consumption demand. Kolkata: Rural stress and funds for the rural job guarantee scheme were surprise additions in the organised corporate sector’s listed points for the post-Budget interaction with the Union government held on February 5 under the aegis of the Confederation...
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Retail Inflation at 6.01% in January, Hits 7-Month High -Aparna Deb
-News18.com The RBI has been mandated by the government to keep retail inflation at 4 per cent with a margin of 2 per cent on either side India’s retail inflation increased to 6.01 per cent in the month of January, driven by higher Consumer Goods and telecom prices along with a comparatively low rate a year ago, data released by the Ministry of Statistics and Programme Implementation on Monday indicated. Inflation, as...
More »What will be India’s GDP in 2022-’23? The government and RBI have given three answers in 11 days -Rajrishi Singhal
-Scroll.in/ Qz.com While the economic survey and Budget estimate the growth in the coming fiscal year to be 8%-8.5% and 6.6% respectively, RBI forecasts it to be 7.8%. Indians have enjoyed an ever-expanding array of choices for Consumer Goods over the past couple of decades. In this season of cheer and goodwill, they now have the pleasure of even selecting a version of India’s growth perspectives, depending on the risks playing out. Three...
More »Should the government loosen its purse strings? -Prashanth Perumal
-The Hindu As inflation is driven by supply-side factors, tax policy can be used to cushion its impact With the Union Budget 10 days away, many economic observers are now focused on what support the Centre can offer the economy, which is still struggling to recover from the pandemic. Some analysts believe that the government must keep its spending in check to prevent price rise from getting out of control. Retail inflation...
More »GDP Numbers: What’s Wrong With How India Measures Manufacturing Output Data -Kaushal Shroff
-TheWire.in A claim of an 8.4% real GDP growth rate has little relevance even as rural India battles plummeting wage levels, depleted incomes and widespread unemployment. With the release of the GDP figures for the quarter ending September, the government machinery has been in full swing advancing the narrative that economic growth is indeed back on track. However, sorely missing from these narratives is the inconvenient factoid on the currently dismal state of...
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