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Saturday, May 18, 2024
TopicIndian Economy

Topic: Indian Economy

Omicron worries hit Indian economy just when it seemed poised to recover lost ground

Uncertainties around the variant could potentially increase restrictions, impacting the nascent recovery visible in the contact-intensive sectors.

India returning to its trajectory as rapidly growing economy, Harsh Shringla says

Foreign secretary Shringla said the Indian economy is rapidly recovering from the pandemic-induced downturn and the Economic Survey 2020-21 pointed to a strong 'V-shaped' recovery.

Digital India a good start but govt must build capabilities for robust growth

When a new technology comes forth, a developing country with the relevant capabilities can leap forward. Japan did this with automobiles and consumer electronics.

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.

On Camera

Ghatkopar hoarding collapse a typical Mumbai disaster—too many agencies, no one to blame

As per the BMC, there are 1,025 officially approved hoardings in the city right now. However, any Mumbaikar can tell you that number is a ludicrous underestimate.

India’s GDP to grow at 6.9% in 2024 — UN agency revises its January projection of 6.2%

Latest report by UN Department of Economic and Social Affairs says global growth to be faster than estimated earlier & India’s 'robust performance' to boost South Asia’s growth.

Spain denies port call to vessel carrying shipment of ‘arms to Israel from India’

The Spanish foreign minister says 'the Middle East does not need more weapons, it needs more peace'. Spain has been very critical of Israel’s offensive in Gaza.

Abki baar 90 paar for Congress? Why even 30 more seats will ruffle BJP

Discussion about outcome of Lok Sabha polls continues to boil in cauldron of expectations only from BJP. Now reverse this equation, what if we asked about the performance of the 'loser'?