GDP measures only the size of an economy. India’s economy must have more depth, more domestic industries, and faster income growth at the bottom, as China has achieved.
FM adds that AI-assisted technologies should be adopted in all districts to bring development & highlights importance of collaborative ecosystems in tech innovation.
The National Statistics Office (NSO), Ministry of Statistics and Programme Implementation, has released the Quarterly Estimates of GDP for the April-June Quarter of FY 2025-26.
In the current fiscal year, tax and non-tax revenue collections could take a hit. The projections will need to be recalibrated in light of the uncertain environment.
The rebound in growth in December quarter was expected, owing to improvement in govt spending, festival-induced boost to consumption & a sharp increase in non-oil exports.
If India wants 8% growth, private investment will have to substantially pick up, Ranade explains. But that can happen only if demand improves, which is contingent on wages increasing.
The first advance estimates peg India’s GDP (Gross Domestic Product) growth at 6.4 percent in FY 2024-25, compared to 8.2 percent growth recorded in...
Defence ministry has declared 2025 a ‘Year of Transformation’ with expectations that new, lighter and simpler Defence Acquisition Procedures (DAP) will be rolled out.
In its first advance estimates for the current financial year, govt predicts growth to be slower than RBI’s prediction of 6.6% & much lower than 8.2% seen in FY24.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
For socialists, anything that can’t be achieved by them is useless. They can’t achieve high GDP, hence GDP is useless. They can’t become rich, hence everyone should be equally poor. They can’t build a developed country, hence remain content with handouts. No one can make utter flop plans like socialists.
Former Planning Commission Member Arun Maira’s point about the need to look beyond GDP growth figures is well-taken. However, it could have been more helpful if he could also have put forward some workable solutions on how India, the world’s most populous nation, can address the twin challenges of unemployment and underemployment in the backdrop of the growing advancements in AI technologies which are making many legacy jobs redundant. Informed opinions minus workable solutions can only take us that far.
For socialists, anything that can’t be achieved by them is useless. They can’t achieve high GDP, hence GDP is useless. They can’t become rich, hence everyone should be equally poor. They can’t build a developed country, hence remain content with handouts. No one can make utter flop plans like socialists.
Former Planning Commission Member Arun Maira’s point about the need to look beyond GDP growth figures is well-taken. However, it could have been more helpful if he could also have put forward some workable solutions on how India, the world’s most populous nation, can address the twin challenges of unemployment and underemployment in the backdrop of the growing advancements in AI technologies which are making many legacy jobs redundant. Informed opinions minus workable solutions can only take us that far.