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David Pilling’s book explains why economic growth has failed to make people happier

The Growth Delusion compels the reader to reflect on the futility of what is being pursued and how ill-informed public policies are.
Economy

Bizarrely & wrongly, IMF thinks India can become a big power without fixing manufacturing

If the Modi government hopes to accelerate India’s growth rate, and create more jobs and boost fiscal revenues, it will have to make a success of manufacturing.
Narendra modi in the parliament for the budget session 2018

India’s budget threat back in focus after Modi loses Karnataka

The bonds have taken a knock this year, which were further fueled by wider budget targets, faster inflation and a global selloff of emerging market assets.
UP’s glittering brass and glass industries now dulled by job loss

Missing data on jobs may play key role in 2019 elections

Though the EPFO database may have its own limitations, the estimate obtained from it can be used as a safe and consistent approximation.
Liquor bottle

What Indian voters buy with ‘bribes’ just before elections: Booze, good food & clothes

The IIM-Bengaluru and University of Kent study looked at consumption patterns of households in major states before & after elections and found a spike in the expenditure on some key items ahead of the vote.
Urijit Patel

IMF wants tighter monetary policy but analysts divided over whether RBI will raise rates

IMF report also says India is poised to grow at 7.4 per cent in FY 2018-19, thus making it one of the fastest growing economies in the world.

India Sees Greater Risk of Crude Prices Staying High for Longer

Oil is India’s biggest import and elevated prices along with a weaker rupee will widen the trade deficit, fuel imported inflation and squeeze government finances.
Manmohan Singh

Manmohan reminds Karnataka of UPA achievements, attacks Modi govt’s ‘whims & fancies’

The former PM and noted economist cited demonetisation, GST and GDP growth to slam Modi govt, while reminding people of the UPA’s achievements.
Latest news on the Indian Economy

After India’s latest GDP revisions, even economists are wondering how credible our data is

The central bank's Department of Economic and Policy Research has flagged considerable volatility in initial estimates of GDP and questioned the veracity of official data.  India’s multiple revisions of gross domestic product growth estimates are “confusing,” much less provide a true state of the economy, according to researchers at the Reserve Bank of India. The first readings of GDP tend to underestimate growth more often than not, officers at the central bank’s Department of Economic and Policy Research wrote in a paper. They flagged considerable volatility in the statistics ministry’s initial estimates of GDP, raising the question: how credible is data in Asia’s third-largest economy? Investors often question the veracity of official data in a country which has no timely employment report or retail sales numbers. Over the past few years, multiple changes have been made to how India uses and calculates statistics -- from economic growth and inflation to jobs and taxes. This...
File photo of rural workers | Flickr

Rural India has earned significantly less since the year Modi came to power, says report

The report points out that though the phase after 2014 has been labelled a period of rural distress, the gap between average growth in rural wages and rural inflation is not so significant.
Illustration: Ramandeep Kaur | ThePrint

Bezos, Branson & Musk — Are billionaires popularising space travel or just on an ego trip?

Jeff Bezos will travel to the edge of space in his New Shepard aircraft — more than a week after billionaire Richard Branson defeated him in a fast developing space race.
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