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Friday, March 29, 2024
TopicGDP growth

Topic: GDP growth

Indian economy is heading for a K-shaped recovery and it won’t be a pretty sight

K-shaped recovery means the growing gap between ‘winners and losers’. An example in India is the stock market being healthy while millions have lost their jobs.

India’s fiscal crisis can only get worse as tax revenue is seen dropping 12.5% in 2020-21

GST revenue collected this August was 12% lower than the amount last August, and the economy is only crawling back to life post the Covid-19 lockdown.

Jolted by Q1 slump, economists rush to further lower GDP forecast for fiscal 2020-21

While SBI has predicted nearly 11% contraction for the whole year and negative growth in all four quarters, others have also revised already-bleak estimates.

GDP numbers show Modi govt needs to work on stimulating demand

ThePrint view on the most important issues, instantly.

India can grow at 10% but import substitution policy could hurt that, Arvind Panagariya says

Arvind Panagariya backs Modi govt’s decision to not go in for fiscal expansionary policy, says funds will be needed for demand stimulus and bank recapitalisation.

India’s unemployment rate fell to 5.8% in 2018-19, experts say Covid shock will drive it up

Periodic Labour Force Survey shows unemployment rate in India remained elevated in 2018-19 despite the marginal fall compared to 6.1% in 2017-18.

Indian economy grew at 11-year-low of 4.2% in 2019-20, just 3.1% in Q4

These are the first set of GDP numbers showing the impact of Covid-19 and the lockdown. Manufacturing & construction sectors dragged down GDP growth in 2019-20.

India to grow between 0 to -2%: Economists lower forecast as 3rd lockdown delays revival

Economists lower forecasts for 2020-21 as they say the extension of the lockdown, even with some relaxations, will adversely impact manufacturing and services. 

India’s GDP growth for current fiscal year projected at 4.8%: UN report

The UN report said that COVID-19 is having far-reaching effects, with strong cross-border spillover effects through trade, tourism and financial linkages.

V, U, W, L or Nike Swoosh? Economists are trying to figure out shape of global recovery

A V-shape in which the rebound is as swift as the slump was the favoured trajectory early on, but now more are starting to worry about a U-shape.

On Camera

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.