Sunday, 5 December, 2021
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Topic: Indian Economy

Abhijit Banerjee at OTC

Indians face ‘extreme pain’, economy still below 2019 levels: Nobel laureate Abhijit Banerjee

Banerjee was virtually addressing students of the Ahmedabad University in Gujarat Saturday night from the US during the varsity's 11th annual convocation.
A vendor hands Indian rupee banknotes to a customer at a stall in Chauta Bazaar in Surat, Gujarat

Govt spending, low rates fuel India’s growth as Omicron variant threatens recovery

India remains on track to post the fastest growth among major economies as most sectors, including services and exports, show momentum.

7.5 years of Modi: Good ‘output’ numbers like houses & toilets but not ‘outcomes’ like poverty

Modi’s pre-2020 economic record was not a ‘disaster’ like Manmohan Singh predicted, nor a march to double-digit growth. Covid saw a period of bungling, then learning from mistakes.
Pedestrians walk along Rajpath boulevard as India Gate monument stands shrouded in smog in New Delhi, India| Bloomberg

How emerging economies can afford the transition to cheaper, greener power

Delaying the switch to zero-carbon power isn’t giving developing countries a chance to catch up with richer nations — it’s retarding their development.

Indian economy shows more signs of recovery as festive season kicks off

Exports rose about 23% year-on-year in September, and imports too jumped. Industrial production expanded 11.9% in August from a year earlier.
An Air India Ltd. aircraft on the tarmac at the Indira Gandhi International Airport in New Delhi | Bloomberg

Don’t blame Nehru’s Socialism for Air India fate. Read the 1944 Bombay Plan first

The Bombay Plan that argued for a mixed-economy was drafted by the likes of J.R.D. Tata, G.D. Birla, Purushottam Das Thakurdas and Ardeshir Shroff.
Illustration by Ramandeep Kaur | ThePrint

Economic recovery has finally begun, but India needs to watch out for global headwinds

September saw 85 lakh jobs added, the highest since the Covid shock in March 2020. Inflation has fallen, exports are rising, and 1 billion vaccinations is an important milestone.
Illustration by Manisha Yadav

There’s a festive cheer in Indian economy, let’s hope today’s energy & optimism is sustained

Is finance minister’s optimism about sustained rapid growth warranted? Govt programmes should be expected to generate some momentum, but macro-economic numbers aren’t encouraging.
Signage displayed outside the IMF | Alex Wroblewski | Bloomberg

Global debt jumps to $226 trillion, India’s dues projected to rise to 90.6% in 2021 — IMF

According to IMF, debt levels increased fast due to Covid and the policies put in place to respond to it.
Signage displayed outside the IMF | Alex Wroblewski | Bloomberg

Indian economy expected to grow by 9.5% this year, 8.5% in 2022, IMF says

India’s growth projection released by the latest World Economic Outlook remains unchanged from the previous update in July but is a 1.6% drop from April projection.
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.