Thursday, 1 December, 2022
TopicIndian Economy

Topic: Indian Economy

GDP data this week will indicate FY23 outlook. But analysis shows growth still below pre-Covid yrs

Analysis of industrial & consumer data not included in usual ‘high-frequency indicators’ shows although demand seems to have recovered from pandemic, it remains weak.

Is EPFO data right metric to show job creation? No, say experts citing its data limitations

Wage ceiling, mobility of lower-end workers, smaller establishments willfully avoiding registrations among factors that make EPF data flawed indicator, they assert

Optimism in short supply — why India’s economy might win the sprint, but lose the marathon

Indian economy is out-performing right now, but issues like unemployment, poor state of education & healthcare will show up in extensive stunting in children — tomorrow’s workforce.

Indian economy to grow 6.1%-6.3% in second quarter of 2022-23, says RBI

In its monthly bulletin, the central bank said the country is on course for a growth rate of about 7% in 2022-23. Data for the July-September quarter will be released on November-end.

India allows rice exports backed by already issued letters of credit

On 8 Sept, India banned exports of broken rice & imposed a 20% duty on exports of various grades as it sought to boost domestic supply & calm local prices.

Govt should stop ‘chasing high divestment targets’, says finance ministry official

The finance ministry official says to focus on privatisation of state-run companies instead, pointing to market volatility and investors' shaky appetite for risk.

RBI’s policymakers divided on future path of rate hikes, meeting minutes show

In minutes of its September meeting, RBI Governor Shaktikanta Das wrote the MPC needs to remain 'watchful and nimble', based on incoming data and evolving conditions.

Sitharaman foresees energy price & availability as India’s biggest short-term challenges

Finance Minister Nirmala Sitharaman notes that if natural gas goes beyond the country's means, they will have to revert to coal.

IMF cuts India’s growth forecast to 6.8% from 7.4% for 2022

The IMF in July had projected a gross domestic product growth of 7.4 per cent in the year starting April 2022. In January, it had predicted 8.2 per cent.

Where’s the middle? India needs more midsize companies for economy to grow

A new generation of fast-growing startups and midsize firms will have to play a critical role in India’s quest to become a middle-income country.

On Camera

YourTurn

A group picture of Supreme court judges at Supreme Court in New Delhi | Praveen Jain | ThePrint

Ambedkar rejected collegium system, said CJI supremacy on judges’ appointment is dangerous

In May 1949, the Constituent Assembly debated the Collegium system, only to reject it thrice. Now the SC is assuming that role once again.
Representational image | Reuters

India’s economic growth at 6.3% for second quarter, slower than previous months

Government capital spending increased more than 40% during the quarter as it stepped up expenditure on roads to railways, according to official data on Wednesday.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.