-Business Standard/ Centre for Monitoring Indian Economy (CMIE) It is logical to believe that employment conditions in India have deteriorated quite substantially during 2019-20. Economic Growth has slowed down and investments show no sign of picking up. Outlook for the economy in 2020-21, and therefore also for employment, is also getting increasingly difficult by the day. With capacity utilisation remaining very low at around 70 per cent, the prospects of an...
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No green shoots of a revival in sight as yet -R Nagaraj
-The Hindu The latest GDP data show that there has been an undeniable decline in the growth rate over seven consecutive quarters On February 28, as per its release calendar, the National Statistical Office (NSO) put out the third quarter gross domestic product (GDP) estimates, that is, for October-December 2020. It showed that domestic output grew at 4.7% at constant prices (that is, net of inflation), compared to the same period the...
More »India is constantly tinkering with GDP data. It’s hard to rely on it now -Vivel Kaul
-Newslaundry.com In the latest instance, GDP growth projections for the first two quarters of 2019-20 have been revised up, making it easier to meet the annual growth target of 5 percent. The Gross Domestic Product figures for the period of October to December 2019 were published late last week. GDP measures the economic size of a country. Alongside, the GDP figures for the previous two quarters – April to June 2019 and July...
More »A Low Growth, No Employment and No Hope Budget for ‘Aspirational India’ -KP Kannan
-Economic and Political Weekly The Union Budget of 2020 is conspicuous by its non-recognition of the ongoing and widely discussed slowdown of the economy, let alone its impact on the different sections of the people. Given the negative growth in employment and consumption in the rural economy, the budget seems like a cruel joke on the plight of the poor, in general, and women, in particular. Instead of measures for boosting...
More »Only 8.4 crore poor in India, claims a new study -Sunitha Natti
-The New Indian Express The authors conclude that the record pace of poverty reduction was due to high growth rate. Only 84 million (8.4 crore) Indians are poor as on 2017 down from 270 million in 2011, claims a new study. It also states that poverty, as per the Tendulkar Poverty line, reduced from 14.9 per cent in 2011 to 7.0 per cent in 2017 -- the fastest pace the country has seen...
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