-The Hindu On Inflation, the Chief Economic Adviser said it is expected to be range-bound and should not exceed the prescribed level. India's Gross Domestic Product (GDP) contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%. The Gross Value Added (GVA)...
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Rising prices are singeing Covid-battered India, Madame Finance Minister
-The New Indian Express An analysis by The New Indian Express shows that it is not just petrol and diesel prices that are scalding you. Prices of edible oil, tea, and pulses have seen a double-digit growth in the last year. When the April 2021 retail Inflation came down to a modest 4.29%, an attempt might have been made to communicate a false sense of relief. The real picture, though, is very...
More »Why Covid is a reality check for Modi’s flagship welfare schemes -Harish Damodaran
-The Indian Express While 10.35 crore PM-JAY Cards have been issued since the launch of ‘the world’s largest health assurance scheme’ in September 2018, it has proved to be of little use in the ongoing Covid-19 epidemic. The Bharatiya Janata Party won 303 seats in the 2019 Lok Sabha elections, more than the 282 it got in 2014. This return to power with a larger majority was significantly enabled by the various...
More »Current Inflationary Upsurge in India a Centrally-administered Phenomenon -Prabhat Patnaik
-Newsclick.in The jacking up of prices of a universal intermediary while at the same time cutting down on subsidies that could potentially insulate segments of the working people from the acceleration of Inflation is proof of the fact. The official wholesale price index for March 2021, which was released a few days ago shows it to be 7.39% higher than for March 2020. Such a high rate of Inflation has not been...
More »India’s WPI Inflation rises to over 8-year high of 7.39% in March
-The Indian Express India WPI March 2021: The wholesale price index (WPI) grew 4.17 per cent during the month of February and it rose to 2.51 per cent in January, the data from the Ministry of Commerce & Industry The wholesale Inflation across the country rose over an 8-year high of 7.39 per cent in March, data released by the Ministry of Commerce & Industry showed. The wholesale price index (WPI) grew 4.17...
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