-Deccan Herald Dodgy data Surjit Bhalla, India’s Executive Director (IMF), Arvind Virmani, former Chief Economic Advisor under UPA, and K Bhasin, in an IMF Working Paper, state that to estimate poverty, when no survey has been undertaken, is to take the most recent survey (2011-12) data and update individual consumption (or personal) income by the corresponding growth rate observed in the national accounts (NAS). However, there are problems with estimating poverty based on...
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India poised to grow at 6.4%, still fastest-growing major economy: UN report
-PTI/ The Telegraph 'In the backdrop of Ukraine war, global inflation projected to increase to 6.7% in 2022 with sharp rises in food and energy prices' As the Ukraine conflict impacts the global GDP, India is projected to grow by 6.4 per cent in 2022, slower than the last year's 8.8 per cent but still the fastest-growing major economy, with higher inflationary pressures and uneven recovery of the labour market curbing private...
More »Pradeep Multani, president of the PHD Chamber of Commerce and Industry, interviewed by Kaushal Shroff (TheWire.in)
-TheWire.in Pradeep Multani, president of the PHD Chamber of Commerce and Industry, talks about how the shortage of raw materials and high input prices are posing a challenge to small businesses in India. Mumbai: Inflation pressures are looming ominously on the Indian business horizon. While the margins of large domestic and multinational corporations have come under pressure, they still have the balance sheet heft to absorb raw material price shocks and the...
More »Conflicting economic, strategic interests loom over RBI’s Monetary Policy Committee meeting -Mitali Mukherjee
-Scroll.in Warming up to Russia may help as growth forecasts have been cut and fuel prices are rising but could sabotage the tightrope New Delhi is walking with the West. The Reserve Bank of India’s Monetary Policy Committee meeting will kick off on April 6. Much has happened on the politico-economic landscape since the central bank last met and spoke. For starters, growth targets are seeing some salami-slicing of their own. On...
More »Delhi Ranks 3rd In Per Capita Income, Behind Sikkim, Goa: Economic Survey
-NDTV.com/ PTI The survey also said that Delhi's GDP at current prices increased by about 50 per cent in the last six years from Rs.6,16,085 crore in 2016-17 to Rs.9,23,967 crore in 2021-22. New Delhi: Delhi ranked third in terms of per capita income behind Sikkim and Goa, according to the Economic Survey of Delhi 2021-22. The survey also said that Delhi's GDP at current prices increased by about 50 per cent in...
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