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Economy

Illustration: Ramandeep Kaur

Comparison between India and Bangladesh GDP misleading — former chief economic advisor

In a Twitter thread, Arvind Subramanian said that GDP per capita is only an estimate for one indicator of the average standard of living or welfare in a country.
A representational image on GST filing

States won’t move court over GST compensation, but want higher payout

The softened stance comes after the Centre agreed to borrow up to Rs 1.1 lakh crore to meet part of the GST compensation shortfall.
File photo of Raghuram Rajan

Demonetisation, GST, lockdown sans relief dealt body blow to Indian economy — Raghuram Rajan

At ThePrint's OTC, the former RBI governor said if huge levels of debt and financial distress hold back the economy, it will be a lost decade for growth.
Dhaka, Bangladesh | Flickr

To be the next China, India must first beat Bangladesh

The West wants a meaningful counterweight to China, but that partnership will be predicated on India not getting stuck in a lower-middle-income trap.

India’s women entrepreneurs look to survive the pandemic by remodeling their business

Bain & Co., Google, & AWE Foundation surveyed almost 350 women entrepreneurs and found that 54% had already made business shifts & another 24% planned to change by December.
Electric cars | Bloomberg

Battery fires put BMW and Ford on the back foot just as electric vehicles take off

A flaw affecting a plug-in hybrid SUV in Europe will keep Ford from complying with tougher emissions standards this year. BMW and Hyundai are recalling tens of thousands of cars.
The Reserve Bank of India | Photo: Suraj Singh Bisht | ThePrint

RBI’s truce with bond market at risk as Modi govt ramps up borrowing

Govt will raise an extra Rs 1.1 trillion via sales of three- and five-year bonds. The announcement comes just a week after RBI managed to damp tension with bond traders.
A Bharat Petroleum signboard

Bharat Petroleum seeking bids from global LPG suppliers again to cut Middle East dependence

The latest tender is aimed at getting better prices for supplies compared with those from the Middle East and to diversify sources of LPG.
Representational image of natural farming in India. | Photo: ANI

How Modi govt’s farm reform laws could help turn India into ‘a food-export powerhouse’

Analysts and industry experts say the new rules would make it easier to sell crops, bring more stable income for farmers & increased production would boost exports and revenue.

Best time to invest in India is now, banker Uday Kotak says as he lists 5 ‘right sectors’

Banking sector ripe for significant structural change, market share of India's private sector banks will rise to about 50% over next decade, says Asia's richest banker Uday Kotak.

On Camera

RBI Governor Shakikanta Das speaks Friday | Photo: ANI

Future rate cuts depends on moderation in inflation, says RBI Governor Shaktikanta Das

The reconstituted Monetary Policy Committee, which met from 7 to 9 October, had decided to keep the benchmark lending rates unchanged in view of the hardening of retail inflation.

Defence

INS Vikramaditya | @DefenceDecode | Twitter

Navy demonstrates combat readiness with video of missile destroying ship in Arabian Sea

The missile was fired by frontline corvette INS Prabal as part of a mega naval drill involving aircraft carrier INS Vikramaditya, attack helicopters, and aircraft.
Illustration by Soham Sen

NDA is sacrificial horse as Modi-Shah complete their Ashwamedha & redefine Indian politics

You like Modi-Shah’s new plan, good for you. If you don’t, you will need more than viral tweets to challenge this Ashwamedha.