-The Telegraph The airbrushing of the Indian economy is damaging The latest Monthly Economic Review from the ministry of finance gives the reader a great deal of comfort by indicating that all is well with the Indian economy. If there is any cause for concern at all, it is from external economic and political shocks: events like the Federal Reserve in the United States of America raising interest rates, or Russia invading...
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India to surpass China as most populous country in 2023: UN -GS Mudur
-The Telegraph According to report, China’s population will decline to 1.317 billion by 2050, while India’s population will grow to 1.668 billion India is projected to surpass China as the most populous country during 2023, the United Nations said on Monday in a report forecasting global population trends over the coming decades. Both countries have around 1.4 billion people each in 2022, but an absolute decline in China’s population and continued growth in...
More »States reopening not prudent as vaccination rates still low: Oxford Economics
-PTI/ The Hindu Using test positivity as guiding factor may create challenges: Oxford Economics States’ reopening strategy in the wake of a decline in COVID-19 cases is not “prudent” and might even result in a rise in infections as vaccine coverage remains low in many States, global forecasting firm Oxford Economics said on Wednesday. In a report, it also said, “we remain cautious and maintain our 2021 growth forecast at 9.1%”, pointing out...
More »Recent reports predict gloomy days ahead for the overall economy
Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...
More »Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya
-The Economic Times Forecast of a normal monsoon and extension of PM Kisan scheme likely to boost rural income, say cos. NEW DELHI| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New Delhi extended the assured income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...
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