-Newsclick.in Three transformative steps could dramatically change this dire situation – provided Modi Govt. has the will to take them. Wage growth of households has declined from 8.2% in 2012-2016 to 5.7% in 2017-2021, according to a fresh study by a ratings agency. It will actually be even lower – around 1% - if inflation is taken into account. This slowing down of wage growth has happened in both rural and urban...
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A layperson's guide to understanding the global Human Development Report 2021/22
It is hard for the media to ignore the findings of global Human Development Report (HDR) whenever a newer and updated version is released. Every time when the HDR is published by the United Nations Development Programme (UNDP), media persons and commentators tend to compare the performance of their respective countries with that of performance in previous years as also with respect to the relative performance of other nations. One of...
More »Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »Merchandise exports remain flat at $33 billion in August -Vikas Dhoot
-The Hindu On conservating estimate, exports will cross $750 billion amid global headwinds, said Commerce Secretary India’s merchandise exports contracted 1.15% in August to $33 billion, while inelastic imports of petroleum and coal remained firm, lifting imports above the $60 billion mark for the sixth successive month. The country’s goods trade deficit moderated slightly from the record $30 billion in July, but remained the second highest on record at $28.68 billion, more than...
More »GST’s ‘give-and-take’ attitude has dried up. India needs a system overhaul -TM Thomas Isaac
-ThePrint.in In 'The Working of the Indian Constitution', T.M. Thomas Isaac examines the functioning of GST to assess if its high expectations have been realised. The Goods and Service Tax (GST) Council has been hailed as a model federal institution, where both states and the centre are represented, and consensus is arrived through a detailed deliberative process. Until the 38th GST Council meeting in December 2019, there had not been a single...
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