-The Hindu Business Line The government, market and collectives should have worked in tandem to develop resilience of economic institutions during the slowdown in India The sharp downfall in the economic growth rate could be attributable to a lack of resilience of Indian economy. Only fiscal and monetary policies may not halt the downfall of the economy. Collective organisations, including NGOs, have played an important role in consumption and income-smoothing. The downfall...
More »SEARCH RESULT
Total Matching Records found : 2758
Explained: Forex reserves at all-time high — why did this happen, and what does it mean for India’s economy? -George Mathew and Sandeep Singh
-The Indian Express The current situation stands in stark contrast to the one in 1991, when India had to pledge its gold reserves to stave off a major financial crisis. In March 1991, India had forex reserves of a mere $5.8 billion; today, the country can depend on its soaring foreign exchange reserves to tackle any crisis on the economic front. India’s foreign exchange (forex) reserves surged by $3.883 billion to touch...
More »New report by American Bar Association exposes the dark underbelly of Indo-US sandstone trade
Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
More »83 lakh new NREGA cards since April, record surge in 7 years - Harikishan Sharma
-The Indian Express Covid effect: 28.32% jump over last year, UP tops with 173% rise in new cards IN a clear sign that MGNREGA has emerged as a safety net for lakhs amid the economic distress triggered by Covid-19, over 83 lakh new households have been issued job cards under the scheme during the first five months of the current financial year. Signficantly, this number — from April 1 to September 3—...
More »A guide to flattening the curve of economic chaos -Jayati Ghosh
-The Hindu Well-thought-out policies can reverse the results of incompetence; the onus is on the Centre to spend now Now it is official: India has managed to become the global leader in the number of new daily cases of COVID-19 and the worst performing of all major economies during the pandemic so far. How did we manage this double feat? Not through ‘acts of god’, but because of the incompetence and apathy...
More »
