India's inclusive growth applauded by International community: IMF Executive Director Subramanian
2 weeks, 2 days ago

India's inclusive growth applauded by International community: IMF Executive Director Subramanian

The Hindu  

The world is bullish on India, the country's top economist, currently Executive Director of the International Monetary Fund has said, noting that India’s public digital infrastructure and inclusive growth is not only being talked about but also applauded by the International community. Apart from that, the kind of inclusive growth that India has pursued over the last decade is also something that comes up for appreciation,” Mr. Subramanian, the former Indian Chief Economic Advisor and author of the latest book “India@100” told PTI in an interview. Responding to a question, Mr. Subramanian said “India during Covid chose to implement economic policy that was different from the rest of the world. While the rest of the world identified COVID as purely a demand-side shock, India was the only large economy to diagnose COVID as both a demand-side and a supply-side shock,” he said.

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History of this topic

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
3 weeks, 1 day ago

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre

Hindustan Times  

Leader of Opposition in the Lok Sabha, Rahul Gandhi on Sunday said that the India's Gross Domestic Product growth rate has fallen to its lowest in two years at 5.4 percent. Rahul Gandhi on Sunday said India's GDP growth has dropped to 5.4 percent, the lowest in two years. The thing is clear - the Indian economy cannot progress as …

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment
1 month, 3 weeks ago

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment

ABP News  

India's economic policies are rooted in inclusive growth and social empowerment. The government has implemented various initiatives such as the PM Ujjwala Yojana, Swachh Bharat Mission, and the Jan Dhan-Aadhaar-Mobile trinity to improve access to essential services, reduce financial exclusion, and minimize leakage through targeted DBTs.

India poised to capitalize on new growth opportunities as global economic landscape shifts
2 months ago

India poised to capitalize on new growth opportunities as global economic landscape shifts

New Indian Express  

Finance Minister Nirmala Sitharaman highlights India's potential to capitalize on new growth opportunities amidst a challenging global economic environment. She emphasizes the country's focus on boosting domestic capacities and building resilience against external shocks. The shift towards a more fragmented global economy could work to India's advantage, as the country seeks to become a key partner for many countries seeking …

World Development Report 2024: India must focus on inclusive growth to escape ‘middle-income trap’
4 months, 2 weeks ago

World Development Report 2024: India must focus on inclusive growth to escape ‘middle-income trap’

Firstpost  

India may be a lower-middle-income economy, but quality development of human resources, proper skilling of youth, and support for research and development can help India ensure a better life for its people The report released on August 1 suggests that at the current pace, China could take more than 10 years, Indonesia could take 70 years, and India could take …

‘Further reforms needed for India to reach developed country status by 2047’
4 months, 3 weeks ago

‘Further reforms needed for India to reach developed country status by 2047’

The Hindu  

Member of Fourteenth Finance Commission M. Govinda Rao has said that to achieve the status of a developed country by 2047, India has to increase its per capita income from the current $2,600 to $14,205. Delivering the Dr. D.C. Pavate Foundation Memorial Lecture at Karnatak University in Dharwad on Friday, Prof. Rao said that to achieve this goal, the country …

In search of jobs: On the challenge of employment generation
5 months ago

In search of jobs: On the challenge of employment generation

The Hindu  

Employment generation will remain a major challenge before the Narendra Modi government in its third term, and the upcoming Union Budget is expected to take note of it. The ILO’s India Employment Report had also warned that the share of manufacturing employment was stagnant, at around 12%-14% and the slow transition of jobs from agriculture to non agriculture reversed due …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months ago

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025

Times of India  

NEW DELHI: The International Monetary Fund has forecast that India's GDP is likely to grow to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025. "In India, the outlook is for GDP growth to moderate from 8.2% in 2023 to 7% in 2024 and 6.5% in 2025, because pent-up demand accumulated during the pandemic has been …

External Affairs Minister Jaishankar Says Terrorism started to consume those who long practised it
7 months ago

External Affairs Minister Jaishankar Says Terrorism started to consume those who long practised it

The Hindu  

Asia is witnessing new tensions in land and sea as agreements were dishonoured and rule of law disregarded while terrorism has started to consume those who have long practised it, External Affairs Minister S Jaishankar said on May 17, amid China's military continuing posturing along the frontier in eastern Ladakh and Pakistan's support to cross-border terrorist activities. In remarks seen …

Towards a less poor and more equal country
7 months, 4 weeks ago

Towards a less poor and more equal country

The Hindu  

In March, World Inequality Lab, a global research centre focused on inequality and public policies, published a working paper titled, ‘Income and Wealth Inequality in India, 1922-2023: The Rise of the Billionaire Raj’. It states that “the ‘Billionaire Raj’ headed by India’s modern bourgeoisie is now more unequal than the British Raj headed by the colonialist forces.” Inequality undermines both …

What should India do to become a wealthy nation by 2047?
10 months, 3 weeks ago

What should India do to become a wealthy nation by 2047?

The Hindu  

In the first session of The Hindu Lit Fest 2024, N. Ravi, Chairman of Kasturi and Sons Limited; Jayati Ghosh, Professor of Economics at the University of Massachusetts Amherst; Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission; Sanjay Kaul, development policy analyst and former IAS officer; and T.N. Along with inclusive growth, you also need the development of …

Government choices and policies have taken India's economy to new height: PM Modi
1 year ago

Government choices and policies have taken India's economy to new height: PM Modi

Firstpost  

Modi said that their biggest priority should be people’s ease of living, and took a swipe at past governments saying they ignored the equality envisaged by B R Ambedkar, the key figure behind the Constitution, among all citizens Prime Minister Narendra Modi on Thursday said his government’s policies and decisions have taken the economy to a new height, creating immense …

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?
1 year, 3 months ago

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?

The Hindu  

Published : Aug 24, 2023 11:00 IST - 6 MINS READ On the completion of 76 years since Indian Independence, a wide range of “informed” opinions from government spokespersons, non-government analysts, and large sections of the domestic and foreign media, enthusiastically or grudgingly declared that, as an economy, India is doing very well. This bounce back from the 5.8 per …

India to soon become $5 trillion economy, says PM Modi
1 year, 4 months ago

India to soon become $5 trillion economy, says PM Modi

The Hindu  

Prime Minister Narendra Modi on August 22 said India will soon become a $5 trillion economy and is poised to become the growth engine of the world in the coming years. Speaking at the BRICS Business Forum Leaders’ Dialogue, Mr. Modi highlighted that “mission-mode” reforms has improved the ease of doing business in India and invited businesses to be part …

India is making its mark in the world
1 year, 6 months ago

India is making its mark in the world

Hindustan Times  

India is in a rare moment of equilibrium. India’s economy is no longer at the receiving end of the global order but is in the fray of the world’s most powerful future economies, with an unmatched growth rate. The International Monetary Fund says India and China will account for 50% of the total world gross domestic product growth in 2023, …

India one of the bright spots in crisis-ridden world economy: IMF chief
1 year, 8 months ago

India one of the bright spots in crisis-ridden world economy: IMF chief

India TV News  

International Monetary Fund managing director Kristalina Georgiva has said that India and China are predicted to contribute for half of global growth in 2023. According to the IMF’s chief, this is “our lowest medium-term growth prediction since 1990, and significantly below the two-decade average of 3.8 percent”. Georgieva remarked that while the global banking system has “come a long way," …

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD
1 year, 10 months ago

India remains a ‘bright spot’, to contribute 15% of global growth in 2023: IMF MD

The Hindu  

India continues to remain a relative "bright spot" in the world economy, and will alone contribute 15% of the global growth in 2023, International Monetary Fund Managing Director Kristalina Georgieva said. And in that way, India is providing about 15% of global growth in 2023," Ms. Georgieva told PTI in an interview. India remains a bright spot at a time …

The moral and intellectual crises in economic policies
1 year, 10 months ago

The moral and intellectual crises in economic policies

The Hindu  

News from Davos and Delhi in the third week of January has framed the moral and intellectual crises affecting Indian economic policies. In the first instance, speaking at a session at the World Economic Forum in Davos on India’s road to a $10 trillion economy, the Chairman of Tata Sons said, “For me, the three things most important are growth, …

The global economy needs a new powerhouse. India is stepping up
1 year, 11 months ago

The global economy needs a new powerhouse. India is stepping up

Live Mint  

India’s economic transformation is kicking into high gear.Global manufacturers are looking beyond China, with Prime Minister Narendra Modi stepping up to seize the moment. “India is on the cusp of huge change,” said Nandan Nilekani, a founder of Infosys Ltd., one of the nation’s largest technology services companies. “A lot of companies feel that given its size, given its young …

It\'s time BJP wakes up to people\'s woes, says Kumaraswamy
2 years, 2 months ago

It\'s time BJP wakes up to people\'s woes, says Kumaraswamy

Deccan Chronicle  

BENGALURU: Endorsing the views expressed by organising secretary of Rashtriya Swayamsevak Sangh Dattareya Hosabale that economic inequality, poverty and unemployment are dangerous for the country, Janata Dal Secular leader and former Chief Minister H.D. Kumaraswamy on Monday said economic inequality in the country is a black dot when the country is celebrating its Amrit Mahotsav of country’s Independence. “People’s frustration …

How to sustain 7% growth for India
2 years, 3 months ago

How to sustain 7% growth for India

Live Mint  

One country stands out from the gloomy overall tone of the International Monetary Fund’s recent update of its World Economic Outlook. This is the fastest growth of any large economy except Saudi Arabia, which is the incidental beneficiary of upward pressure on global oil prices from Russian President Vladimir Putin’s war against Ukraine. One might also note that, with India’s …

Sanjeev Ahluwalia | Can India be a developed nation before it gets rich?
2 years, 4 months ago

Sanjeev Ahluwalia | Can India be a developed nation before it gets rich?

Deccan Chronicle  

Prime Minister Narendra Modi advocated India becoming a developed nation by 2047, as the new national aspiration, on Independence Day this year. Over the next 25 years, we should double our per capita growth momentum over the four per cent per year that we achieved in the period between 2012 and 2021. Sadly, even a relatively high growth rate of …

At 75, India seeks way forward in big but job-scarce economy
2 years, 4 months ago

At 75, India seeks way forward in big but job-scarce economy

Associated Press  

NEW DELHI — As India’s economy grew, the hum of factories turned the sleepy, dusty village of Manesar into a booming industrial hub, cranking out everything from cars and sinks to smartphones and tablets. If I live like this, how will my children live any better?” Entire families leave their homes in India’s vast rural hinterlands to camp at such …

The inequality challenge for India@75
2 years, 4 months ago

The inequality challenge for India@75

Live Mint  

During the period 1950-51 to 2019-20, for which evidence is available, in real terms, growth in GDP was 4.9% per annum while growth in GDP per capita was 2.9% per annum. This provides a sharp contrast with the period 1900-01 to 1946-47 during the colonial era, when national income growth was 1% per annum and per capita income growth was …

One vision and a billion people’s dream for a $5 trillion economy
2 years, 7 months ago

One vision and a billion people’s dream for a $5 trillion economy

Firstpost  

One man’s vision… a hundred and 38 billion dreams… a journey towards a $5 trillion economy. The government and the start-up India workforce have been working towards an inclusive India and that is a growth story right there itself. Creator Economy fuelled by digitisation, Start-Up India, e-commerce, infrastructure, Pradhan Mantri Jan Dhan Yojana – the banking outreach programme, Swachch Bharat, …

India’s high growth rate 'positive news' for world: IMF
2 years, 8 months ago

India’s high growth rate 'positive news' for world: IMF

Hindustan Times  

International Monetary Fund chief Kristalina Georgieva on Wednesday lauded India's high growth rate, as projected in the latest World Economic Outlook, saying that it is positive news for the world. Even with the small downgrade, growth is projected for this year to be 8.2 per cent," said Georgieva, adding, "healthy for India, but also positive in a world where growth …

Jaishankar bats for domestic production over unchecked globalisation
3 years ago

Jaishankar bats for domestic production over unchecked globalisation

The Hindu  

The COVID-19 pandemic has brought India’s capabilities and need for more domestic production rather than unchecked globalisation, External Affairs Minister S. Jaishankar said on Tuesday, speaking at a technology summit, where he said that to foster technology growth, the nation must seek more education, skills, start-ups, supply chains and jobs to be created internally. Domestic supply chain “The idea that …

India will conquer COVID crisis, economic rebound will surprise the world: Mukesh Ambani
3 years, 5 months ago

India will conquer COVID crisis, economic rebound will surprise the world: Mukesh Ambani

Live Mint  

Reliance Industries Limited chairman Mukesh Ambani said that Post COVID, India will emerge stronger, adding that India will conquer COVID crisis sooner rather than later. Addressing the shareholders on the 44th Annual General Meeting virtually for the second time in a row in view of the ongoing Covid-19 pandemic, Ambani also added that post-Covid situation, India's economic rebound will surprise …

Evidence of Normalisation of India’s Economic Activity, Says IMF Chief Economist
3 years, 8 months ago

Evidence of Normalisation of India’s Economic Activity, Says IMF Chief Economist

News 18  

There is evidence of normalization of economic activities in India, IMF Chief Economist Gita Gopinath has said ahead of the annual spring meeting of the International Monetary Fund and the World Bank here. On Tuesday, the IMF projected an impressive 12.5 percent growth rate for India in 2021, stronger than that of China, the only major economy to have a …

Explained: How a raging pandemic is widening India's wealth gap
4 years, 3 months ago

Explained: How a raging pandemic is widening India's wealth gap

India Today  

Ever since India gained Independence, the country has traversed a wave of ups and downs to finally become a global powerhouse over the last five years. In India, the wealth gap has been rising sharply during the ongoing pandemic as previous levels of income inequality were already high in the country. A January 2020 study by rights group Oxfam India …

India’s growth story has never seemed so endangered
4 years, 3 months ago

India’s growth story has never seemed so endangered

Live Mint  

We all knew it would be bad, but no one could have predicted just how bad. Supply and credit links, which had been largely cash-based in the informal sector, among others, remained broken even after high-denomination currency came back into circulation, and some small businesses and poorer households—we will likely never know how many—never recovered to their level of well-being …

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