Remonetise economy, Rahul tells Centre
5 years, 4 months ago

Remonetise economy, Rahul tells Centre

The Hindu  

Congress leader Rahul Gandhi on Friday asked the Centre to remonetise the economy by putting money in the hands of “the needy and not the greedy.” Mr. Gandhi claimed that the government’s own advisers had admitted that the economy was in a “deep mess.” He took to twitter to say that his party had been cautioning about the worsening state of the economy for a long time. Addressing a press conference, Congress MP Manish Tewari quoted NITI Aayog Vice Chairperson Rajiv Kumar as having said that “India’s financial sector has not faced such a crisis in the past seven decades.” “This confession requires a slight amendment as it is not just the financial sector, it is the Indian economy that is under stress. The current situation in the Indian economy is unprecedented, something of the sort has not been seen in the past 70 years,” Mr. Tewari said. Crisis all around: Tewari “The textile industry has been putting out “There is economic distress all around and the silence of the Prime Minister is deafening.

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History of this topic

Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’
4 weeks ago

Rahul Gandhi takes aim at BJP over trade deficit: ‘Govt prioritises crony businesses’

Hindustan Times  

Rahul Gandhi slammed the Narendra Modi-led BJP government for ‘prioritising crony capitalism over fair play’ and said that it leads to weakened manufacturing sector, depreciating currency, record high trade deficits, high interest rates, falling consumption and soaring inflation. Tagging a media report which said that trade deficit and imports are at an all-time high, the Leader of Opposition in Lok …

India must shift its policy focus to address the demand deficiency that ails its economy.
1 month ago

India must shift its policy focus to address the demand deficiency that ails its economy.

Live Mint  

Two key pieces of economic data released last month have rung alarm bells on the state of India’s economy. Rural wages have been stagnant for the last 10 years, but even general wages have shown a decline in real terms for both rural and urban areas for more than a decade. The Centre’s strategy for managing food inflation has largely …

‘Indian economy cannot progress as long as…’: Rahul Gandhi hits out at Centre
Trending News
1 month, 1 week 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 …

Rahul Gandhi slams govt over decline in India's GDP growth, calls for economic reforms
1 month, 2 weeks ago

Rahul Gandhi slams govt over decline in India's GDP growth, calls for economic reforms

India TV News  

Leader of Opposition in the Lok Sabha, Rahul Gandhi, expressed grave concern over India's economic slowdown on Sunday, highlighting that the country's Gross Domestic Product growth rate has plummeted to its lowest in two years, standing at just 5.4 per cent. Gandhi attributed this downturn to an economy that, according to him, disproportionately benefits a small group of billionaires, while …

India will be $7 trillion economy by 2030
11 months, 2 weeks ago

India will be $7 trillion economy by 2030

Firstpost  

India can aspire to become a $7 trillion economy by 2030, according to “The Indian Economy: A Review” written by V Anantha Nageswaran, Chief Economic Adviser to the government, and his team of economists. Meanwhile, as per National Statistical Office, the Indian economy is estimated to grow 7.3 per cent in 2023-24, while Reserve Bank of India projected a 7 …

India's economy growing but wealth getting concentrated in a few hands: Rahul Gandhi tells Harvard students
1 year ago

India's economy growing but wealth getting concentrated in a few hands: Rahul Gandhi tells Harvard students

India TV News  

Congress leader Rahul Gandhi, who interacted with some students of Harvard University last week, told them that India’s economy is growing but the wealth is getting “concentrated” in a few hands. He attacked the central government claiming that his social media accounts are “fully capped” and alleged that India is not running a “free and fair democracy anymore”. Rahul links …

Explained | Is the economy driving with the brakes on?
2 years ago

Explained | Is the economy driving with the brakes on?

The Hindu  

The story so far: At this time last December, India’s economy was on the cusp of a fledgling recovery from the COVID-19 pandemic, though the Omicron variant posed fresh speed bumps for the rebound. As JP Morgan managing director and India chief economist Sajjid Chinoy explained at a CII economic policy summit last week, 2022 was expected to see a …

Sitharaman says India’s fundamentals sound because of steps taken by govt
2 years, 7 months ago

Sitharaman says India’s fundamentals sound because of steps taken by govt

Live Mint  

Finance minister Nirmala Sitharaman on Wednesday said India’s fundamentals are sound due to several steps taken by the government such as reducing corporate tax, ensuring that the economy is greatly digitized and bringing in the Goods and Service Tax and bankruptcy code. Citing a study, Sitharaman said the Pradhan Mantri Garib Kalyan Yojana reduced the probability of borrowing money significantly …

Indian economy reviving at unforeseen pace: RBI
4 years ago

Indian economy reviving at unforeseen pace: RBI

India TV News  

As economic activities gather momentum and strive to get back to pre-Covid levels, the Reserve Bank of India has said that the Indian economy is reflating at a pace higher than most predictions. The monthly bulletin of the central bank for December said more evidence has emerged since the last bulletin which shows that the Indian economy is coming out …

India’s growth story has never seemed so endangered
4 years, 4 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 …

Was ridiculed for warning country: Rahul Gandhi on deepening economic crisis
4 years, 6 months ago

Was ridiculed for warning country: Rahul Gandhi on deepening economic crisis

India Today  

Senior Congress leader Rahul Gandhi on Wednesday highlighted how the economic crisis in the country is deepening and added that he was “ridiculed” for warning the country about the truth. “I stated months ago that an economic tsunami was coming and was ridiculed by BJP and the Media for warning the country about the truth,” he added. Gandhi also shared …

Opinion | A long-term strategy to steer the economy out of this crisis
4 years, 6 months ago

Opinion | A long-term strategy to steer the economy out of this crisis

Live Mint  

As an entrepreneur and then as a member of Parliament, I have seen my share of economic shocks—the 2001 tech bubble burst and then the 2008 global financial crisis. Rapid growth is the only answer to the question of India’s debt sustainability and Prime Minister Narendra Modi’s Aatmanirbhar Bharat vision of a self-reliant economy that is also globally competitive and …

Economy hit by climate of fear, says Manmohan Singh
5 years, 1 month ago

Economy hit by climate of fear, says Manmohan Singh

The Hindu  

Reacting to the GDP growth rate for the July-September quarter at 4.5%, a six-year low, announced on Friday, former Prime Minister Manmohan Singh said the figures were “completely unacceptable”, and pointed to a “palpable climate of fear” leading to this state of the economy. Delivering the valedictory address at National Economy Conclave, organised by the Rajiv Gandhi Institute for Contemporary …

India braces for shock GDP as Modi scrambles to spur economy
5 years, 1 month ago

India braces for shock GDP as Modi scrambles to spur economy

Live Mint  

New Delhi: Explore what’s moving the global economy in the new season of the Stephanomics podcast. “Domestic demand is displaying chronic weakness, with an apparent credit crunch afflicting wide swaths of the economy,” said Taimur Baig, chief economist at DBS Group Holdings Ltd. in Singapore. “Production and sales are under pressure, and public spending is running out of room due …

Subramanian Swamy says only people with solid grounding in macroeconomics can revive economy
5 years, 3 months ago

Subramanian Swamy says only people with solid grounding in macroeconomics can revive economy

Firstpost  

Subramanian Swamy has come out with a book in which he takes a critical look at various aspects of the Indian economy, both past and present New Delhi: BJP MP Subramanian Swamy, who has often criticised the government’s economic policies, believes only people with solid grounding in macroeconomics can pull the economy out of its current tailspin. “Today, the economy …

State of Indian economy: Decoding the 5% problem
5 years, 4 months ago

State of Indian economy: Decoding the 5% problem

Hindustan Times  

On Friday, the Central Statistics Office released India’s GDP figures for the quarter ending June 2019. The measures announced in the conference held on 23 August can be classified into three broad categories and also listed in order of importance: boosting business sentiment in the economy, removing supply-side hurdles to the flow of credit and working capital, and boosting demand …

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous
5 years, 4 months ago

Tracking India’s economic slowdown: Between NITI Aayog chief’s warning and CEA’s tough talk lies real cure for economy; inaction will be disastrous

Firstpost  

By now, the fear that India’s economy is slowing and slowing at a real dangerous pace has been confirmed by hard data Editor’s note: This is the seventh and concluding part of a series in which Firstpost’s columnists analyse the ongoing economic slowdown and offer solutions. In the absence of private sector participation, India’s economic growth fell to 5.8 percent …

Warning signs for Indian economy: Government spooking investors
5 years, 4 months ago

Warning signs for Indian economy: Government spooking investors

India Today  

Prime Minister Modi wanted to double the size of the economy to five trillion by 2025, but the looming economic crisis has emerged as the biggest challenge for his second term dream. India's economy has been tipped to enter recession in the first quarter of 2019 with gross domestic product growth falling to a five-year low of 5.8 per cent. …

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans
6 years, 2 months ago

Silver linings lurk in Diwali mood for India's economy if we look beyond Chinese imports, wavering investments and bad loans

Firstpost  

Chinese firecrackers may be dampened by the Supreme Court’s crackdown but there is still a big question this Diwali: Is that Ganesha you are worshipping made in China? The Rs 10-lakh-crore pile of non-performing assets in the public sector dominated banking system, and visible tensions between the Reserve Bank of India and Prime Minister Narendra Modi’s government are only indicative …

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