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Topic: economic growth
RBI decision to hold rates is likely to appease Modi govt, which wants banks to continue lending to boost growth before Lok Sabha polls.
The new GDP data makes it clear that potential growth of the Indian economy is now a lot lower than earlier expected.
Economic growth in the July-September quarter may have retreated from the 8 per cent plus expansion in the three months ended June, a slew of high-frequency data show.
Paul Romer, co-winner of this year’s economics prize, showed that research leads to new discoveries which in turn create possibilities of economic growth. New Delhi: The 2018 economics Nobel prize went to Paul Romer and William Nordhaus, an extremely deserving pair of economists. In addition to honoring two scholars whose contributions have deeply influenced their field, the award points to a crucially important issue that the world is beginning to give short shrift — economic growth. Growth in rich countries’ living standards has slowed during the past decade: Going Nowhere Fast Country annual change in per-capita gross domestic product in constant dollars. That’s bad news. Of course, it’s good for people in the U.S., France or Japan to have higher living standards. But rich-country growth is also crucial for poorer nations. When they’re growing faster, rich countries have more purchasing power with which to buy poor countries’ products. Even more importantly, rich-country growth means that the living standards of people in...
Arun Jaitley says India has historically been resistant to new ideas, but needs to change urgently and take reforms on board.
Polarised politics within and among countries may not necessarily yield rational outcomes with respect to climate change policies.
Cheap renewable energy means that poor countries will be able to follow a different, cleaner path to industrialisation without sacrificing living standards.
Currently much care work is low paid, unpaid or invisible – and mostly done by women.
Record economic growth could power stocks further but some investors think the market has already run up a lot & faces risks
While the Fund is critical of the note ban and MSP on farm products, it is generally bullish about the prospects of 7.75% growth in the medium term.