-PTI/ The Hindu In 2020, fiscal policy also contributed to mitigate falling economic activity and employment. India’s debt to GDP ratio increased from 74% to 90% during the COVID-19 pandemic, the International Monetary Fund has said, noting that it expects this to drop down to 80% as a result of the country’s economic recovery. Paolo Mauro, Deputy Director, IMF’s Fiscal Affairs Department told reporters at a news conference here on Wednesday, “In the...
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The pillars of an equitable post-COVID India -S Mahendra Dev
-The Hindu In the post-pandemic world, addressing inequality is key to sustaining growth and well-being COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than ₹150 per day more than doubled. The Pew report...
More »China may have become more prosperous in comparison to India in 2020, estimates new study
During the last one year, India seems to have lost the race in becoming the world leader in terms of development, prosperity and growth thanks to the recession brought about by the Covid-19 pandemic. The total number of poor people in the country has swelled and the middle class has shrunk in 2020 in comparison to what was anticipated earlier. A new study by the United States based think tank Pew...
More »Budget 2021-22: Over-reliance on infrastructure investment to spur growth? -Sarmistha Pal
-IdeasforIndia.in Commenting on the strong infrastructure push in the 2021-22 Budget, Sarmistha Pal argues that an emphasis on investment in infrastructure may not necessarily bring India out of the current economic recession – with the Budget’s negligence of the education sector and insufficient health expenditure, making matters worse. The 2021-22 Union Budget, announced on 1 February 2021, made a definitive turn to the right as it turned its back on providing any...
More »10 major points made by the Economic Survey -Vivek Kaul
-Livemint.com The Survey expects the Indian economy to grow by 11% in real terms (adjusted for inflation) during 2021-22. This is close to the growth of 11.5% forecast by the International Monetary Fund (IMF). This is good news. The Economic Survey of 2020-21 was published earlier in the day today. Like in the previous years, the Economic Survey tries to summarise the state of the Indian economy across various dimensions. Here are ten...
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