Topic: Indian Economy
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.
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.
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.
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.
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.
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.
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.
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.
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.