-Scroll.in Hike government spending, pour money into rural areas, cut interest rates, refrain from disruptive moves like demonetisation. India’s economic growth is slowing but can the government bring it back on track? This is what Finance Minister Arun Jaitley reportedly discussed with ministers and officials Tuesday evening. While a concrete plan to address the problem is apparently being developed with Prime Minister Narendra Modi’s blessing, a section of the industry and...
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SBI Research says economic slowdown is real not just 'technical'
-PTI SBI Research said the slowdown is real and not technical and called for more public spending to arrest the slide Mumbai: Noting that the economy has been on a downslide since September 2016, SBI Research on Tuesday said the slowdown is real and not technical and called for more public spending to arrest the slide. “We certainly believe that we are in a slowdown mode since September 2016 and a slowdown that...
More »Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
More »Shortage of specialist doctors in rural areas: Guj govt to HC
-PTI Ahmedabad: The state government today told the Gujarat High Court that there was a shortage of specialist doctors at community health centres as they were generally unwilling to work in rural areas and small towns. In an affidavit filed in response to a PIL seeking the courts direction to the state to provide better diagnosis and treatment facilities to control vector-borne diseases, the government said that it was fully equipped to...
More »Fact Check: India's growth did slump to 5.7%, but not due to 'technical reasons' as Amit Shah claims -Mayank Jain
-Scroll.in BJP chief’s claim that growth rate declined due to change in the methodology doesn’t hold much water. Data released on August 31 marked the sixth straight quarter of slowing growth for the Indian economy as the gross domestic product growth rate slipped to 5.7% in the first quarter of the current financial year. It was a sharp decline from 7.9% growth seen in the same quarter last year. Attempting to explain the...
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