-PTI * While speaking at an event in Mumbai, the IMF chief economist also sounded doubtful about India achieving $5 trillion GDP target by FY25 * 'If you look at recent incoming data, we would be revising our numbers,' she said Mumbai: The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India "significantly", its India-born chief economist Gita Gopinath said on Tuesday. The Washington-based institution had...

-The Indian Express Growing divergence between Consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP growth rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...

-The Indian Express CII recommended adoption of an expansionary fiscal policy to allow fiscal deficit to increase by around 0.5 per cent to 0.75 per cent of GDP, which will give government additional fiscal space of Rs 1.1 lakh crore to Rs 1.6 lakh crore. In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) shared its pre-Budget Memorandum recommendations, focusing on providing impetus...

-Livemint.com Bihar, Jharkhand and Odisha have seen sharp increases in poverty rates over the past few years, an analysis of the national statistical office data suggests Ever since India moved to a high growth trajectory in the 1980s, poverty rates have consistently declined over time. Until now. A Mint analysis of the Consumption expenditure numbers reported by the National Statistical Office (NSO) in a hushed-up report suggests that rural poverty rose nearly 4...

-Financial Express A study by ICRIER researchers Ashok Gulati and Pritha Banerjee shows how problematic the fertiliser policy is—for farmers, industry, the environment and the government. India’s experience with fertilisers, in the later part of the Green Revolution, prompted it to adopt a policy of subsidising fertilisers. In 1977, the country had a total NPK (nitrogenous, phosphatic and potassic) fertiliser Consumption of 4.3 million metric tonnes (mmt) and per hectare usage...