Economy grew at 7.5% during December 2014 quarter. The economy will grow 7.4% in the year through March 31, aided by a 7.5% increase in October-December, the ministry of statistics and programme im
In which country does December mark the middle of the year? That is when the mid-term report of our finance ministry was published. The economic survey, which is presented to parliament the day bef
Arvind Subramanian, the new chief economic adviser, has started a series of North Block Policy Charchas that focus on important policy issues of economic and social development, such as land acquis
At first glance, the budget seems an annual ritual that strictly follows the colonial legacy in letter and spirit. Rarely does any finance minister deviate from the atmospherics and settings that m
India enters new financial year with a bit of bad news on economic front. Latest figures show that the core-sector output grew at 1.4%, the slowest pace in 16 months, in February and that the direc
It is one of the most unforgivable incidents, yet it is one in many. This week a child fell to her death in a sump at school because she had to go to fetch water. The government primary school that
In an update to ‘Asian Development Outlook’ report, the Asian Development Bank has lowered India’s gross domestic product (GDP) growth to 7.4% in 2015 from an earlier estimate of
The Reserve Bank of India has cut the repurchase, or repo rate by 50 basis points to 6.75%, the lowest the key interest rate has been in four years. In a big boost for the markets and economy, RBI
Higher manufacturing output pushed India`s GDP growth to 7.4 per cent in the September quarter as compared to 7 per cent between April and June 2015. Analysts said GDP growth in Q2 was in line with
Higher manufacturing output pushed India`s GDP growth to 7.4 per cent in the September quarter as compared to 7 per cent between April and June 2015. Analysts said GDP growth in Q2 was in line with
While nudging the banks once again to hurry up with the full transmission of its cut in repo rate (since January) to borrowers, the reserve bank of India did not change policy rates
Bouncing back from the four-month lows, the index of industrial production (IIP) for October stood at 9.78 percent versus September’s figure of 3.6 percent (month-on-month). This raises
The growth rate of GDP in the country was 7% during the second quarter of 2015, lower than the 7.5% growth recorded in the preceding quarter. It was also lower than government estimation of 7.4% in
Many people may not know that there is a National Debt Clock of India, which gives second-by-second details of the overall position of India’s debt. At 11 am on August 19, when I star
Ten years of competitiveness in India’s GDP per capita in PPP (Purchasing Power Parity) terms almost doubled between 2007 and 2016, from $3,587 to $6,599. Growth slowed after the 2008 crisis,
The distribution of monsoon this season has been the best in the last three years, with only a third of the districts seeing deficiency compared with almost half in fiscal 2015 and 46 percent in 20
In India, GDP growth will remain strong at 7.6 percent in 2016 and 7.7 percent in 2017, supported by expectations of a rebound in agriculture, civil service pay reforms supporting consumption, incr
For the first time, non-communicable diseases (NCDs) have been included by the government in the draft national health policy, 2015. However, efforts to battle this threat remains largely shape
India is hosting the 8th BRICS Summit where world leaders will hold consultations on issues of mutual interest. It is being held on October 15-16 in Goa. BRICS is an acronym for Brazil, Russia, Ind
South Asia has the highest share of public procurement in GDP, at 19.3%; followed by sub-Saharan Africa at 14.9%. “India procures 20% of GDP publicly, Pakistan 19.8%. East Asia has the lowest
We need to build a strong country through a strong PSU community, said Vinit Goenka, member IT taskforce, ministry of shipping, road transport and highways in his opening address at the Governance
The Norwegian embassy in Delhi, the Royal Norwegian Consulate General in Mumbai, and the Norwegian Business Association India, released a business climate survey report in Delhi in December.
East Asia went through an economic miracle between 1960 and 1990, with income per capita nearly tripling. The four Asian Tigers – Hong Kong, Singapore, Taiwan and South Korea – achieved
In the next three years, the median age in India is projected to be 28.1 years, as compared to China (38.1 years), Japan (48.2 years) and USA (37.3 years), said a report of the standing committee o
The growth in GDP during 2016-17 is estimated at 7.1 percent as compared to the growth rate of 7.6 percent in 2015-16, according to First Advance estimates of national income at constant (2011-12)
India has fared worse than its neighbours: Nepal, Bangladesh, Pakistan and China, in an inclusive development index. World Economic Forum’s Inclusive Growth and Development Report 2
Demonetisation has had some intended and many strange and unintended consequences. It appears that the zeal to reform the economy post-demonetisation has permeated to the general public, which has
President Pranab Mukherjee addressed parliament on February 23, 2016. In his address, he outlined the major policy priorities of the government across different sectors. PRS legislative research ha
Konika Haldar, 25, and her husband left Malda, in Bengal, five years ago. Today, she works as a domestic help in east Delhi and, as the breadwinner, cannot afford to quit. But she hopes her husband
As the participation of women in labour force declines in the country, Sher Singh Verick of ILO explains to Archana Mishra the reason behind this trend, the role education plays and the kind of
India has been among the fastest growing economies in the world. World Bank estimated that in the 1960s, approximately 45 percent of Indians lived below the poverty line. This figure came down to a
The growth in GDP during 2016-17 is estimated at 7.1 per cent as compared to the growth rate of 7.9 per cent in 2015-16, authorities said. The Central Statistics Office (CSO), Ministr
The official Wholesale Price Index (WPI) for ‘All Commodities’ for February, 2017 rose by 0.5 percent to 185.5 (provisional) from 184.6 (provisional) for the previous month, authoriti
Arrears of Service Tax, which was Rs 22,014 crore in 2012-13, tripled to Rs 71,257 crore in 2014-15. However, recovery during the year as a percentage of unrestrained recoverable arrears registered
As the cities are experiencing rapid growth, transit systems like metro rail, BRTS, etc. are being implemented to cater to the growing travel demand. It has thus become inevitable to have Transit O
India’s growth is expected to rebound to 7.2 percent in FY 2017-18 as the cash shortages accompanying the currency exchange initiative ease, said an International Monetary Fund report that wa
The rise of populism – the revolt of common people against the elite or the ‘system’ – has been one of the broad themes of the past decade. Till 2000, populism was confined
A gasping economy means bad politics for the Bharatiya Janata Party that is hoping to recreate the 2014 magic when it won the parliamentary election with a brute majority. Demonetisation
Job prospects appear bleak with the recent release of the provisional estimates of annual national income in 2016-17. The lacklustre performance of the Indian economy observed during the fourth qua
At a time when the government is claiming that the dip in the GDP is due to global economic slowdown and not because of demonetisation, the recovery in the global growth is in fact strengthen
A 10 percent increase in India’s internet traffic leads to, on average, a 3.3 percent increase in India’s GDP, and a 10 percent increase in India’s mobile internet traffic leads t
Prime minister Narendra Modi strongly defended the fundamentals of the Indian economy, gave a befitting reply to
The Congress described as “melodramatic theatrics” the speech by prime minister Nare
Digital India program has the potential to provide an incremental 20-30 percent increase in India’s GDP by 2025. Since its launch in July 2015, significant progress has been made in several i
Here are the key points regarding India’s macro-economic fundamentals. India grew at a very strong pace of 7.5% p.a. in the three years of 2014-17 with growth
The November 8, 2016 announcement to scrap Rs 500 and Rs 1,000 currency notes did have a huge impact on the GDP, but it also left economists scratching their heads as they looked at numbers which w
Former prime minister Manmohan Singh, a respected economist, had described demonetisation as a monumental management failure and prophesied that the rate of growth of national income, that is, the
People using their debit or credit card to make payments at shops has become a common sight after demonetisation took place on November 8, 2016. At some places like the army CSD cant
Indian corporates will see improved credit profiles in 2018 on solid economic and EBITDA growth, while their cross-border bond maturities for the next three years are manageable, says Moody`s Inves
A fundamental shift is under way in payment habits of the Indian economy, said a RBI document that looked at the impact of demonetisation. RBI’s interventions on promoting elec
After ”disruptions" like lingering demonetisation effect and GST roll-out, the Indian economy may reach a 7 percent growth in 2018 with government policies tilting towards the stress-rid
The growth in South Asia slowed to a still strong 6.5 percent in 2017, in part reflecting businesses’ adjustment in India to the country’s new Goods and Services Tax and to the adverse
A series of major reforms undertaken over the past year will allow real GDP growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19, said the Economic Survey 2017-18
Nearly 4 percent of India’s GDP is estimated to have been lost due to malnutrition and certainly women and children deserve a better deal in expenditure outlay, since the country hosts 50 per
India might actually be able to reduce its fiscal deficit to 3 percent by 2019-2020, said a top official. “Fiscal Deficit at 3.3% for 2018-19, backed with statutory commitment
The National Health Mission, which is aimed at achieving universal access to health care by strengthening health systems, institutions and capabilities, needs to be significantly improved to become
The Q3 2017-18(Oct-Dec) GDP stood at 7.2 percent, up from Q2 2017-18(July-Sep) which was 6.5 percent, authorities said on Wednesday. Real GDP or Gross Domestic Product
The preface of the current Economic Survey concludes with the words of TS Eliot: “For last year’s words belong to last year’s language. And next year’s words await another v
Is nature more than just good and evil? Is civilisation bad? Does nature perpetuate inequality? Does civilisation perpetuate inequality? These questions have been debated by philosophers since th
That there is a debate about the state of the economy today is neither surprising nor undesirable. Varying motivations may drive those questioning the government’s record on the economic fron
In an illuminating chapter introducing Public Affairs Index (PAI) 2018 is the narrative on how the core ideas of human welfare – amidst the sole focus of governments on GDP numbers &n
Karl Marx once asserted that “history repeats itself, first as a tragedy and, second as a farce.” The observation is valid to this day when one observes the behaviour of dominant and
Universal basic income (UBI) has been the buzz in policy circles since global downturn. Arvind Subramanian, former chief economic adviser to the finance ministry, championed the idea and devoted a
India is now the sixth-largest economy in the world, with a 2017 GDP of $2.6 trillion, according to the database of the International Monetary Fund’s World Economic Outlook (WEO) for April 20
India is unhappier than ever before. The United Nation`s World Happiness report 2019 has ranked India at the 140th position from the previous 133 in 2018, dropping seven spots in just a year and 23
Fitch Ratings in its latest Global Economic Outlook (GEO) expects global GDP to fall by 4.4% in 2020, a modest upward revision from the 4.6% decline expected in the June GEO. The recovery in econom
Coming down heavily on the government for economic de-growth and job losses, Congress national spokesperson Supriya Shrinate has said that even before the Covid pandemic struck, the economy h
Minister for MSME and Road Transport and Highways Nitin Gadkari has called for the creation of a rating system for MSMEs and a Dashboard for effective monitoring of MSM
The Government of Gujarat had set up a task force committee in February 2022 under the chairmanship of Dr. Hasmukh Adhia, former union finance secretary, to work out a strategy for the state to con
As the post-pandemic fallout and geopolitical uncertainty slows down global economies and sanctions against some nations, energy crisis and inflation are adding to the troubles, India is projected
World GDP forecasts for 2023 have been revised down again as central banks intensify their fight against inflation and the outlook for China’s property market deteriorates, says Fitch Ratings
At 7.8% year on year, India’s growth rate towers above the growth rate in several other leading economies, Dr. V. Anantha Nageswaran, chief economic adviser (CEA), ministry of finance, has sa
India’s real GDP is projected to grow 6.5–7 per cent in 2024-25. The Indian economy recovered swiftly from the pandemic, with its real GDP in FY24 being 20 per cent higher than the pre-
Despite global uncertainty, India has displayed steady economic growth. India`s real GDP growth of 6.4 per cent in FY25 remains close to the decadal average, according to the Economic Survey 2024-2
The Reserve Bank of India has, for the first time in five years, reduced the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points to 6.25% with immediate effect.
