With an 8.8% growth rate in 2021, India will regain the position of the fastest growing emerging economy, surpassing China's projected growth rate of 8.2%, the IMF report said.
Double-digit growth seems optimistic. Modi govt needs to more than double its expenditure to compensate for the losses and avert GDP decline. It's fanciful at best.
As Indian economy shrunk by 23.9%, many were left with prayer to cope with this invisible ‘hand of God’ – they morphed the Go Corona Go chant to Grow GDP Grow.
Former finance secretary Subhash Chandra Garg said a faulty lockdown strategy and an ineffective stimulus have adversely impacted economic recovery. Read his blog here.
Barring her first two Budgets, Nirmala Sitharaman has always ended the year with either a lower fiscal deficit figure than what she had projected or by adhering to the target.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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