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 »SEARCH RESULT
Total Matching Records found : 332
Indian economy to be hardest hit by Covid-19 despite recovery, predicts new OECD report -Shoaib Daniyal
-Scroll.in The high growth in 2021 cannot undo the damage caused by the country’s harsh lockdown. India will be among the large economies most severely hit by the Covid-19 pandemic and the lockdown restrictions to combat it, a new report by the Organisation for Economic Co-operation and Development predicts. Data published as part of the OECD Economic Outlook, Interim Report March 2021 on Tuesday forecasts that the real GDP value of India’s economy...
More »GDP growth is being driven by larger firms. Smaller ones continue to suffer, need policy attention -Saugata Bhattacharya
-The Indian Express Policy coordination between the Centre and states will be crucial for implementing this ambitious reform agenda. The National Statistical Office will release the second advance GDP estimates for 2020-21 at the end of February. The first advance estimate had, in early January, forecasted a contraction of 7.7 per cent in 2020-21. This was due largely to an expected, sharp contraction in both industry and services. The second advance estimates...
More »Number Theory: The data India needs to diagnose the economy -Roshan Kishore
-Hindustan Times Most forecasters, institutional and private, have revised their GDP estimates for both 2020-21 and 2021-22. India imposed one of the world’s most stringent lockdowns -- it went on for 68 days -- starting on March 25 to curb the spread of Covid-19 infections. It was this lockdown which triggered a record contraction of 24% in India’s gross domestic product (GDP) in the first quarter of fiscal 2020-21. The economic shock...
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...
More »
