Economy shows signs of structural slowdown: Govt must work on urgent stimulus plan that Budget couldn’t deliver
5 years, 5 months ago

Economy shows signs of structural slowdown: Govt must work on urgent stimulus plan that Budget couldn’t deliver

Firstpost  

There is no immediate respite seen for the economy till now. Also, global analytical firm CRISIL has cut India’s GDP growth forecast for this fiscal by 20 basis points to 6.9 percent citing weak monsoon, slowing global growth, and sluggish high-frequency data for the first quarter. In May this year, the labour ministry data showed that India’s unemployment rate rose to 6.1 percent in the 2017/18 fiscal year touching the highest level in at least 45 years. The banking sector is neck-deep in bad loans accumulated over years when companies, hit by the economic slowdown and benefitting from loose lending, couldn’t pay back the money borrowed from banks on time. Recently, Livemint quoted a CMIE report to state that investments in new projects have nosedived to a 15-year low in the June quarter with both private and public sectors announced new projects worth Rs 43,400 crore in June 2019 quarter, some 81 percent lower than what was announced in March quarter and 87 percent lower than during the same period a year ago.

India Economy Budget Projects Slowdown Sector Industries  money  stimulus  work  projects  sector  industries  signs  demand  urgent  govt  economy  data  structural  plan  slowing  growth  shows  slowdown

History of this topic

Core sector growth slows down to 4.3 percent in March as compared to 10.4 percent last year
2 years, 8 months ago

Core sector growth slows down to 4.3 percent in March as compared to 10.4 percent last year

India TV News  

The production growth of eight infrastructure sectors slowed down to 4.3 percent in March due to a decline in the output of coal and crude oil, though for the full 2021-22 fiscal, the core sector recorded a 10.4 percent expansion, according to official data released on Friday. The growth in the production of natural gas, steel, cement and electricity slowed …

Lift spending: The Hindu Editorial on core sector output data
2 years, 9 months ago

Lift spending: The Hindu Editorial on core sector output data

The Hindu  

Official industrial data from February shows output in the eight core sectors grew at the fastest pace in four months at 5.8%, aided liberally by a low base effect — production had contracted 3.3% a year earlier. Steel, another index heavyweight that feeds into various sectors of the economy from housing to cars to white goods and small-scale engineering and …

Slowdown has ‘bottomed out’, says Centre as growth slows to 4.7% in Q3
4 years, 10 months ago

Slowdown has ‘bottomed out’, says Centre as growth slows to 4.7% in Q3

The Hindu  

India’s third-quarter growth decelerated to 4.7%, the slowest pace in about seven years, as a slump in manufacturing weighed on overall economic momentum. The Centre, however, asserted that the slowdown had bottomed out, with Economic Affairs Secretary Atanu Chakraborty citing a recent uptick in core sector output as a sign of things to come. On Friday, the National Statistical Office …

Economic slowdown cyclical in nature, not structural: CEA Subramanian
5 years, 1 month ago

Economic slowdown cyclical in nature, not structural: CEA Subramanian

Live Mint  

Chief economic advisor Krishnamurthy Subramanian on Monday said India’s economic slowdown is more cyclical than structural in nature, and the government has a well-thought-out agenda for reforms to revive the economy. The steps we are taking, like the corporate tax rate cut, are intended to create a more favourable environment for investments that are required for sustained growth," Subramanian said …

Core sector growth shrinks 5.2% in September: With economy showing more signs of stress, Q2 GDP set to be damp squib
5 years, 2 months ago

Core sector growth shrinks 5.2% in September: With economy showing more signs of stress, Q2 GDP set to be damp squib

Firstpost  

The core sector contributes 40% of the weight of Index of Industrial Production hence that number for the month too is expected to take a hit. The growth in eight core sectors shrank by a massive 5.2 percent in September, after contracting 0.5 percent in August and against an expansion of 4.3 percent in September 2018. The core sector contributes …

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll
5 years, 4 months ago

Economic growth seen slipping in April-June on weak consumer demand, private investment; more stimulus expected: Poll

Firstpost  

In spite of a windfall dividend to the government of nearly $21 billion from the central bank, the room for aggressive stimulus is limited due to slower growth in tax receipts, analysts say. New Delhi: India’s economy likely expanded at its weakest pace in more than five years in April-June, a Reuters poll showed, as consumer demand and private investment …

Slowdown in economy due to structural and cyclical factors: SBI study
5 years, 5 months ago

Slowdown in economy due to structural and cyclical factors: SBI study

India TV News  

The current economic slowdown can be attributed to a combination of structural and cyclical factors, in addition to global uncertainties, an SBI study said on Wednesday. "The reasons for the current domestic slowdown, apart from the global uncertainties look like a combination of both structural and cyclical factors," SBI said in its research report 'Ecowrap'. A substantial decline in wage …

GDP growth slows to five-year low at 5.8% in January-March quarter; economy grew at 6.8% in FY19
5 years, 7 months ago

GDP growth slows to five-year low at 5.8% in January-March quarter; economy grew at 6.8% in FY19

Firstpost  

The Central Statistics Office also revealed that GDP growth during 2018-19 fiscal stood at 6.8 percent, lower than 7.2 percent in the previous financial year India’s economic growth rate slowed to a five-year low of 5.8 percent in January-March 2018-19, due to poor performance in the agriculture and manufacturing sectors, official data released Friday said. The Central Statistics Office also …

Eight indicators tell us what is going wrong in Indian economy right now and why bad days await next government
5 years, 8 months ago

Eight indicators tell us what is going wrong in Indian economy right now and why bad days await next government

Firstpost  

The rural economy, which largely depends on agriculture, is in a mess. Falling prices of agricultural produce and lack of irrigation/ storage facilities have been hurting the farmers Multiple pointers are indicating the persistence of an economic slowdown in Asia’s third-largest economy. For instance, in a research note dated 4 May, Kotak Institutional Equities talked about a ‘sharp, sudden deterioration …

Discover Related