-NDTV Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployment rate and growth in tax revenue sensed...
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Growth lessons India can take from new frontrunner Bangladesh -Jayanta Roy Chowdhury
-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
More »Subdued GST collections, lower tax devolution will impact state finances, pose macro risks -Jayanta Roy and Aditi Nayar
-The Indian Express To avoid a substantial fiscal slippage at the state government level, a sizeable expenditure reduction or deferral is likely to be required, given that the borrowing limit set by the central government acts as a soft constraint to the size of the states’ fiscal deficits. There are growing concerns that the two major sources of tax revenues for state governments, the state goods and services tax (SGST) and...
More »'Developing Asia' is urbanising faster than rest of the world
-The Indian Express 'Developing Asia' refers to a group of 45 countries that are members of the ADB The economic outlook update released by the Asian Development Bank last week highlighted that the number of urban inhabitants in ‘Developing Asia’ has increased “almost five-fold since 1970”. The report, tracking World Urbanisation Prospects data, also states that the two-thirds of the nearly 1.5 billion additional city dwellers in the region belonged from...
More »Energy, food and leaky pipes: How to solve India's water crisis -Ravi Purushothaman
-India Today There is an expected 40 per cent gap in the global water supply, the 2.1 billion people who lack access to safe drinking water and the fact that water has ranked in the top five risks for eight consecutive years in the World Economic Forum’s Global Risk Report. The global water crisis is not a new story. Every year, I review statistics which are becoming all too familiar: an expected...
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