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Questionable data, little room for exuberance -R Nagaraj

-The Hindu Using the latest quarterly estimates to point to an economic rebound seems flawed; recovery is likely to remain modest The decline in the quarterly GDP growth rate, by 7.5% during July-September 2020 (FY 2020-21: Q2), compared to a 24% decline in the first quarter has raised expectations of a sharp economic recovery after the novel coronavirus pandemic and the national Lockdown. But is such optimism justified? A tracker India’s GDP at current...

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Delhi: Families facing income crunch,100k+ kids turn to anganwadis -Fareeha Iftikhar

-Hindustan Times According to data shared by the department, around 560,000 children were enrolled in Delhi’s anganwadi centres before the Lockdown was enforced in March, a number which has since shot up Over 100,000 children have enrolled in the city’s anganwadi centres over the course of the pandemic, official data shows, as families whose incomes have been severely hit over the past few month move their children from private institutions in search...

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Lessons from the Lockdown for India’s rural employment scheme -Vani Viswanathan, Sultan Ahmad & Aaditeshwar Seth

-Scroll.in Often the sole source of income for households in villages, NREGA has been plagued with issues during the pandemic. During the Lockdown, an estimated 20 million to 30 million migrant workers returned home, out of work and out of money. Some of them tried helping their families with farming and some even used the skills they had developed to set up new enterprises. But most remained jobless. The National Rural Employment...

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Q2 GDP shows surprising resilience: Is it good enough to last?

-Livemint.com/ PTI * 'Despite being the worst affected sector in Q1(due to Lockdown), it is quite puzzling how manufacturing turned itself around in Q2,' says Soumya Kanti Ghosh, Group Chief Economic Adviser, SBI * There is evidence of inventory buildup that could act as a drag on future manufacturing growth, says Ghosh New Delhi: The surprise resilience shown by the manufacturing sector that restricted GDP contraction to only 7.5 per cent in September...

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Indian economy contracts by 7.5% in Q2

-The Hindu Country enters technical recession. India’s Gross Domestic Product (GDP) contracted 7.5% in the second quarter of 2020-21, following the record 23.9% decline recorded in the first quarter, as per estimates released by the National Statistical Office on Friday. The country has now entered a technical recession with two successive quarters of negative growth. However, the economy’s performance between July and September when Lockdown restrictions were eased is better than most rating...

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