-Outlook Hit hard by demonetisation, India lost the tag of the fastest growing economy to China in the March quarter with a GDP growth of 6.1 per cent, pulling down the 2016-17 expansion to a three-year low of 7.1 per cent. The bad news of the economy growing at the slowest pace in three years mainly on account of poor performance of manufacturing and service sectors come at a time when the...
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DeMolished India's top rank -Jayanta Roy Chowdhury and R Suryamurthy
-The Telegraph New Delhi: India is no longer the fastest-growing major economy in the world: it has lost its bragging rights to China. The Central Statistics Office (CSO) today put out its provisional estimates on national income that showed real GDP growth had tumbled to 6.1 per cent in the fourth quarter (January-March). That is considerably slower than the 6.9 per cent growth that the resurgent Chinese economy racked up during the same...
More »Why India's growing religiosity is an economic challenge -Pramit Bhattacharya
-Livemint.com Growing religiosity may boost the tourism sector but may hurt the overall economy Over the past decade, the proportion of religious people has either declined or stagnated in most countries. India seems to have been an exception, according to data from the World Values Survey (WVS), the largest global repository of data on attitudes and beliefs of individuals across the world. More than 90% of Indian respondents said religion was either ‘very...
More »Unimportance of triple talaq -Abusaleh Shariff & Syed Khalid
-The Indian Express A survey shows that it is numerically insignificant. The unusual attention that is being devoted to the practice is politically motivated and a waste of resources Since May 11, the Supreme Court of India has been discussing the constitutional validity of the “triple talaq system” on a priority and on a daily basis, yet without the benefit of empirical data. The SC could have directed the government to launch...
More »Can we measure demonetisation's impact on income tax collections? -Roshan Kishore
-Livemint.com One-off gains from Income Disclosure Scheme 2016 call for scepticism about any immediate claims of demonetisation having widened India’s income tax net News reports have quoted government officials making claims about a record increase in the number of income tax payers in 2016-17. Should such claims be seen as a success of demonetisation in forcing unscrupulous individuals to become a part of income tax net? An analysis of direct tax collection...
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