Subhash Chandra Garg, Deccan Herald Given the depreciating USD, India’s $5tn GDP goal of 2019-20 equals $5.74tn in 2022-23, and at further 3 per cent depreciation, it would need to be $6.65tn in 2027-28. The Government of India announced in 2019-20 the goal of a $5 trillion GDP by 2024-25. India’s GDP was $2.84 trillion that year, needing a $2.16 trillion gap to cover in five years. India’s GDP reached $3.39 trillion...
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Stagflationary risk to India quite low compared to other countries: CEA
-PTI/ Business Standard V Anantha Nageswaran also ruled out recession hitting India, given its macroeconomic fundamentals Chief Economic Adviser V Anantha Nageswaran on Tuesday ruled out the risk of stagflation for India, saying the economy is better placed than other nations. Stagflation is the phase when an economy faces moderation in GDP growth as well as high inflation. "Compared to the experience of many developed and developing countries, India is somewhat better placed and...
More »GDP shrinks by 7.3%; Q4 uptick moderates 2020-21 carnage -Vikas Dhoot
-The Hindu On inflation, the Chief Economic Adviser said it is expected to be range-bound and should not exceed the prescribed level. India's Gross Domestic Product (GDP) contracted by 7.3% in 2020-21, as per provisional National Income estimates released by the National Statistical Office on Monday, marginally better than the 8% contraction in the economy projected earlier. GDP growth in 2019-20, prior to the COVID-19 pandemic, was 4%. The Gross Value Added (GVA)...
More »Divestment goal achievable; LIC IPO to fetch ₹1 lakh crore: CEA
-PTI/ The Hindu Inflation targeting helped in lowering volatility, level of inflation, he says Asserting that the disinvestment target of ₹1.75 lakh crore for 2021-22 was ‘eminently achievable,’ Chief Economic Adviser (CEA) K. V. Subramanian on Saturday said the proposed initial public offering (IPO) by LIC itself could garner ₹1 lakh crore for the government. He also said targeting of retail inflation by the Reserve Bank of India (RBI) has helped bring down...
More »Unfair to Change Stand After Leaving Govt: NITI Aayog's Rajiv Kumar Criticises Arvind Subramanian
-TheWire.in Kumar was referring to an article written by the former CEA on the pitfalls of the government's Atmanirbhar Bharat initiative as it pertained to tariffs and exports. New Delhi: NITI Aayog vice-chairman Rajiv Kumar on Wednesday criticised former chief economic adviser Arvind Subramanian for a recent article that pointed out flaws in the Narendra Modi government’s Atmanirbhar Bharat initiative. Subramanian, in an opinion piece co-authored with Pennsylvania State University’s assistant professor of...
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