Former PM Manmohan Singh had warned in November 2019 that the Indian economy was entering a stage of stagflation, with high inflation and stagnant demand.
Former RBI governor says India has a powerful govt, with a charismatic PM, which should deliver the kind of economic growth the country owes its youth.
The agency has changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.
Govt says digital payments also uplift under-served communities by providing them financial footprint that can be used to assess credit worthiness in absence of traditional documents.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.
Indian economy is staganant position, no policy looks better to handle it. To distract the nation from socioeconomic unrest the two persons PM & AS trying with emotional factors CAA/NRC. No one from the government side ready to accept the fact & coming forward with solutions,this more serious. Try to fool the the common men they are showing their knowledge
No matter if the inflation is driven by food prices- pulses and vegetables and is perceived as a temporary phenomenon. It is food inflation that hurts poor and lower middle class the most. It is pertinent to note that ordinary people are not bothered about movements in economic indices, excepting one – the inflation. It is the inflation that decides election results and Modi knows it well. Suitable measures to contain the spiral are necessary.
Revival of private investment lies in the distant future. There is unused capacity, and private consumption is weak. Nor has the government’s capital expenditure on roads and rail provided any boost to the economy. The first priority should be to support households in boosting their spending. Austerity in the government, which has so far insulated itself – and its employees – from the slowdown that is scalping everyone else. 2. One hopes the predictions that the spike in inflation will soon reverse itself prove correct. For the average household, food and fuel are major items of expense, so the distinction between core and non core inflation is a little academic. It will look insensitive if the RBI cuts rates when inflation is almost 8%. 3. At such a difficult time for the economy, giving salience to issues that are divisive, undercut economic momentum can make us seem a little out of touch with reality.
The misery index is an economic indicator, created by economist Arthur Okun. The index helps determine how the average citizen is doing economically and it is calculated by adding the seasonally adjusted unemployment rate to the annual inflation rate. It is assumed that both a higher rate of unemployment and a worsening of inflation create economic and social costs for a country.
No country in the world has become a developed economy with service sector. Kiss maufacturing due to inompetence and you kiss development.
Indian economy is staganant position, no policy looks better to handle it. To distract the nation from socioeconomic unrest the two persons PM & AS trying with emotional factors CAA/NRC. No one from the government side ready to accept the fact & coming forward with solutions,this more serious. Try to fool the the common men they are showing their knowledge
No matter if the inflation is driven by food prices- pulses and vegetables and is perceived as a temporary phenomenon. It is food inflation that hurts poor and lower middle class the most. It is pertinent to note that ordinary people are not bothered about movements in economic indices, excepting one – the inflation. It is the inflation that decides election results and Modi knows it well. Suitable measures to contain the spiral are necessary.
Revival of private investment lies in the distant future. There is unused capacity, and private consumption is weak. Nor has the government’s capital expenditure on roads and rail provided any boost to the economy. The first priority should be to support households in boosting their spending. Austerity in the government, which has so far insulated itself – and its employees – from the slowdown that is scalping everyone else. 2. One hopes the predictions that the spike in inflation will soon reverse itself prove correct. For the average household, food and fuel are major items of expense, so the distinction between core and non core inflation is a little academic. It will look insensitive if the RBI cuts rates when inflation is almost 8%. 3. At such a difficult time for the economy, giving salience to issues that are divisive, undercut economic momentum can make us seem a little out of touch with reality.
Someone once asked Abraham Lincoln how he felt after losing a particular election. Well, he said, I am too old to cry, but it hurts too much to laugh.