-The Indian Express In its latest World Economic Outlook Update, released Tuesday, the IMF predicted that China would grow 8.1 per cent in 2021, followed by Spain (5.9 per cent) and France (5.5 per cent). The Indian economy will stage a strong rebound and grow as much as 11.5 per cent on year in FY22, the International Monetary Fund (IMF) said on Tuesday, revising up its earlier forecast of an 8.8 per...
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How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya
-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher...
More »A Death Warrant Against Farmers -Bhabani Shankar Nayak
-TheCitizen.in 90% rise in Indian billionaires’ wealth There has been a 90% rise in Indian billionaires’ wealth over past decade. It is not accidental. The BJP led government reduced corporate income tax from 30 to 22 percent starting from the financial year 2019/20. New corporates established in India after October 2019 will only pay 15 percent. It has also provided many other opportunities, incentives and foregoing exemptions to corporations. Meanwhile the Union government...
More »The country should worry about further worsening of economic inequality in the post-COVID period
The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
More »The pandemic will leave India with worse inequality -Rahul Jacob
-Livemint.com A failure to protect incomes could widen the gap between have-nots and haves and thus hurt growth When the facts change, I change my mind," John Maynard Keynes is believed to have said almost a century ago. Responding to the economic after-shocks of the covid pandemic, governments and central banks have been living by this maxim. In the UK and US, supposedly fiscally conservative governments have spent with abandon to prop...
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