-The Hindu Electricity sector growth, however, slows to 4.75% in July from 8.19% in June; food inflation at a 14-month high Industrial activity rebounded in July to 4.3% on a broad-based recovery across key sectors such as mining, manufacturing and Construction, official data released on Thursday showed. In a separate release, data showed retail inflation rose in August to hit a 10-month high of 3.21% on quickening food price rises. Growth in the Index...
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Remaking the idea of an Indian citizen -Yamini Aiyar
-Hindustan Times The Constitution promises religion-neutral citizenship. NRC and its fallout could upend that The controversy unfolding in Assam over the National Register of Citizens (NRC), published on August 31, has brought to the fore important fault lines in the Construction of citizenship in contemporary India. In particular, it places the spotlight on the role of key institutional actors – the bureaucracy and judiciary – in adjudicating citizenship. Crucially, the implementation of...
More »What is behind the GDP growth falling to 5% -Radhika Merwin
-The Hindu Business Line Apart from slowdown in manufacturing and Construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
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 »Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has miserably failed to stimulate the domestic economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion economy in the next five years — but all data points are heavily stacked against it. The economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
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