Indian economy is expected to do better than last year, but growth could be 11% or even lower, compared to the pre-2nd wave projections of 13% and above.
Studies have shown that over 200 million Indians are expected to fall into poverty as a result of shutdowns & healthcare costs. The S&P has now downgraded the GDP growth to 9.8%.
The US-based rating agency in March had expected an 11% GDP growth forecast for India for April 2021-March 2022 fiscal on account of a fast economic reopening and fiscal stimulus.
Sanjeev Sanyal, Principal Economic Adviser in the finance ministry was the guest at this edition of ThePrint's Off The Cuff.
In a conversation with ThePrint's...
KV Subramanian said India must continue to focus on growth so that 'we expand the pie, enabling redistributive policies that lift people out of poverty'.
India’s GDP is projected to contract in FY21. But as restrictions ease, supply side disruptions are addressed and demand picks up, the economy is expected to rebound.
Finance ministry’s monthly outlook report for November says another wave of Covid is a downside risk, but there’s growing optimism thanks to vaccines and other factors.
Centre for Science and Environment in new report makes case for rationalising GST on waste material, saying most informal operators can’t afford high tax & it also hinders recycling.
21st edition of annual joint military exercise will be held from 1 to 16 September, aimed at sharing military tech, operational best practices & disaster relief coordination methods.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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