KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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India posts GDP growth of 6.1 % in fourth quarter, 7.2 % in FY23 - The Tribune
India continues to maintain its streak of world-beating economic growth after GDP for the March quarter beat all expectations with a 6.1 per cent expansion that helped push the annual growth rate to 7.2 per cent. After this, the Indian economy is now USD 3.3 trillion in size. Asia’s third-largest economy beat all estimates to grow at 6.1 per cent in January-March, the last quarter of the 2022-23 fiscal, up from...
More »Despite insipid manufacturing show, India’s GDP to grow 7% this fiscal: NSO -Vikas Dhoot
-The Hindu With GDP estimated to have clocked a 9.7% uptick in the first six months, the advance estimate implies that growth will moderate to 4.5% in the second half. India’s real GDP is expected to grow 7% in 2022-23, slowing from 8.7% in FY22, as per the First Advance Estimates of National Income for the year released by the National Statistical Office (NSO) on Friday. With GDP estimated to have clocked a...
More »Tracking employment data in ’22 as jobs return 2 yrs after Covid -Abhishek Jha
-Hindustan Times Since the Covid-19 pandemic started in 2020, economies all around the world have learnt that they must balance lives and livelihood to survive. Since the Covid-19 pandemic started in 2020, economies all around the world have learnt that they must balance lives and livelihood to survive. In 2022, India got the first part of this act almost right, due to both the natural trajectory of the pandemic and widespread adult...
More »Farming isn't doing as well as our GDP data suggests -Himanshu
-Livemint.com Clearly, there is much more to GDP data than aggregate estimates. The National Statistical Office (NSO) released estimates of gross domestic product (GDP) for the second quarter of this fiscal year on 30 November. Based on these, India’s GDP in the July-September quarter increased by 6.3% compared to last year, whereas the gross value added (GVA) during the same period increased by 5.6%; the manufacturing sector witnessed a contraction of 4.3%....
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