Country will emerge out of the current slump much stronger: Modi
5 years ago

Country will emerge out of the current slump much stronger: Modi

The Hindu  

Even while stating that the Indian economy had faced slowdown in the past, Prime Minister Narendra Modi on Friday said the country will emerge out of the current economic slump much stronger than before. Asserting that the goverment listenened to farmers, labourers and the corporate world so as to formalise and modernise the Indian economy, Mr. Modi said the government is moving towards faceless assessment to bring transparency, efficiency and accountability in the tax system. ‘Working to decriminalise offences under Companies Act’ Hardselling his administration’s pro-business approach, Prime Minister Narendra Modi on Friday said the government is working to decriminalise provision of Companies Act to make it easier to do business in the country. Mr. Modi said time taken to register companies has been cut to few hours from months and better infrastructure has enabled the cut in turnaround time at airports and ports.

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History of this topic

Congress criticises PM with 'voodoo economics' jibe over slowing GDP growth
1 month, 1 week ago

Congress criticises PM with 'voodoo economics' jibe over slowing GDP growth

India Today  

Congress on Tuesday took a dig at the central government over the GDP growth slowing to a near two-year low and said that Prime Minister Narendra Modi's "voodoo economic policies" put India in the middle of a vicious economic cycle of low growth, no jobs, low income and high prices. "Thanks to Narendra Modi and his voodoo economic policies, India …

PM Modi Calls India 'Land Of Opportunities', Pledges Business Reforms And Urges Investors To Innovate
4 months, 2 weeks ago

PM Modi Calls India 'Land Of Opportunities', Pledges Business Reforms And Urges Investors To Innovate

ABP News  

Projecting India as the land of biggest opportunities globally, Prime Minister Narendra Modi on Saturday promised the business sector facilitation, reforms, a stable policy regime and high growth. While people in most countries that went to polls this year voted for a change, Indians preferred continuity, political stability and economic growth, Modi said, asserting that a new neo-middle class is …

Stock market crash: Nifty to fall below 20,000? Stocks to consider after Lok Sabha election results
7 months, 1 week ago

Stock market crash: Nifty to fall below 20,000? Stocks to consider after Lok Sabha election results

Hindustan Times  

Stock market crash: As the Lok Sabha election results 2024 shocked the stock market owing to BJP-led NDA securing a reduced majority, Emkay Global said that even though the BJP is well short of majority, PM Narendra Modi will be returning to the office but in changed circumstances. In the short term, the broking firm said that it expects a …

India’s economic boom won’t be derailed by its election shock
7 months, 1 week ago

India’s economic boom won’t be derailed by its election shock

CNN  

New Delhi CNN — Narendra Modi has declared victory in India’s election but he’ll need the support of smaller parties to govern, a shock result that could make it harder for him to pass major economic reforms. India boomed during Modi’s first two terms as prime minister, leapfrogging the United Kingdom to become the world’s fifth biggest economy and growing …

10 years under Modi has lifted the country out of despair to a state of optimism: Nirmala Sitharaman
9 months, 3 weeks ago

10 years under Modi has lifted the country out of despair to a state of optimism: Nirmala Sitharaman

The Hindu  

Union Finance Minister Nirmala Sitharaman said that 10 years under Prime Minister Narendra Modi has brought a sea change in the economy of the country and lifted the sentiments from a state of despondency in 2013, to one of optimism and hope of emerging as a developed country by 2047. Though the Opposition claims that they were the ones who …

Modi govt's mismanagement has set economic transformation back by 20 years: Cong
10 months, 3 weeks ago

Modi govt's mismanagement has set economic transformation back by 20 years: Cong

Deccan Chronicle  

Underlining that economic growth means diversification of employment from agriculture to industry to services, the Congress on Saturday claimed that the progress achieved under Manmohan Singh's prime ministership in this direction has been reversed by the Narendra Modi government. The current dispensation's "mismanagement" has set the economic transformation back by 20 years, the party alleged.Congress general secretary Jairam Ramesh said …

PM Modi hails GDP numbers, says 'displays Indian economy’s strength'
1 year, 1 month ago

PM Modi hails GDP numbers, says 'displays Indian economy’s strength'

Hindustan Times  

Prime Minister Narendra Modi on Thursday said that the Gross Domestic Product numbers for the second quarter of the year display the resilience and strength of the Indian economy in the middle of "testing times globally". "The GDP growth numbers for Q2 display the resilience and strength of the Indian economy in the midst of such testing times globally. We …

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

'Indian economy's growth rate underscores its resilience amid global challenges,' says PM Modi
1 year, 7 months ago

'Indian economy's growth rate underscores its resilience amid global challenges,' says PM Modi

India TV News  

Prime Minister Narendra Modi on Wednesday taking to Twitter asserted that the Indian economy's annual growth rate of 7.2 percent underscores its resilience amidst global challenges. National Statistical Office recently released data mentioning that India's economy grew 6.1 percent in the fourth quarter of 2022-23. "The 2022-23 GDP growth figures underscore the resilience of the Indian economy amidst global challenges," …

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 …

At 75, India seeks way forward in big but job-scarce economy
2 years, 5 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 …

Country getting out of 'vicious cycle' it was trapped in before 2014: PM Modi
2 years, 7 months ago

Country getting out of 'vicious cycle' it was trapped in before 2014: PM Modi

India TV News  

India is getting out of the "vicious cycle" of corruption, scams, nepotism, terrorist organisations spreading across the country and regional discrimination, in which it was trapped in before 2014, Prime Minister Narendra Modi said on Monday, asserting that his government's eight years were dedicated to the welfare of the poor. "The country is getting out of the vicious cycle of …

India's economy expands 0.4% in Oct.-Dec., ending recession
3 years, 10 months ago

India's economy expands 0.4% in Oct.-Dec., ending recession

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India’s economy expanded by a …

Historic fall in GDP, rampant job loss because PM Modi is helping only his friends: Rahul Gandhi
4 years, 4 months ago

Historic fall in GDP, rampant job loss because PM Modi is helping only his friends: Rahul Gandhi

India Today  

India has suffered a historic fall in the GDP and crores of jobs have been lost in the past few months because the Narendra Modi government is helping only a few friends of the Prime Minister, alleged Congress leader Rahul Gandhi on Thursday. In a video message posted on his Twitter handle, Rahul Gandhi appealed to the people to make …

Rahul Gandhi lists 6 ‘Modi-made disasters’, Chidambaram asks PM to focus on economy
4 years, 4 months ago

Rahul Gandhi lists 6 ‘Modi-made disasters’, Chidambaram asks PM to focus on economy

The Hindu  

Former Congress president Rahul Gandhi on Wednesday listed six “Modi-made disasters”. Jairam’s tweet Party leader Jairam Ramesh took a dig at BJP's 2019 campaign line of ‘ Modi hain to mumkin hain ’ by tweeting, “Here’s how India became a Vishwaguru under Mr.Modi during COVID-19 pandemic. Modi Hai to Mumkin Hai!” Former Union Finance Minister P. Chidambaram, in a tweet, …

Demonetisation led to GDP slump: Rahul Gandhi
4 years, 4 months ago

Demonetisation led to GDP slump: Rahul Gandhi

Deccan Chronicle  

New Delhi: Attacking the Centre over the slump in GDP, the Congress on Tuesday said that the economy was ruined from the day demonetisation was announced and it continued after the Modi government introduced one erroneous policy after another. Since then, the government introduced one erroneous policy after another," former Congress president Rahul Gandhi tweeted on Tuesday. “Rahul Gandhi had …

India reeling under 'Modi-made disasters': Rahul Gandhi attacks PM over state of economy, rising COVID-19 cases
4 years, 4 months ago

India reeling under 'Modi-made disasters': Rahul Gandhi attacks PM over state of economy, rising COVID-19 cases

Firstpost  

The Congress leader’s remarks comes after official data showed on Monday that the country’s economy suffered its worst slump on record in April-June, with the GDP contracting by 23.9% New Delhi: Congress leader Rahul Gandhi on Wednesday hit out at Prime Minister Narendra Modi over the state of the economy, rise in COVID-19 cases, and “external aggression” at borders, alleging …

India’s GDP Slump: A Long and Painful Road to Recovery Ahead
4 years, 4 months ago

India’s GDP Slump: A Long and Painful Road to Recovery Ahead

The Quint  

Act of god or not, even though India was expected to see a considerable economic slowdown, the contraction of the GDP by 24 percent in the first quarter of the current financial year is coming off as quite a shocker. All thanks to this, India, once the world's fastest-growing major economy, now seems to be headed for its first full-year …

Finally, it falls to the farmer to rescue India\'s parlous GDP
4 years, 4 months ago

Finally, it falls to the farmer to rescue India\'s parlous GDP

Deccan Chronicle  

New Delhi: The release of GDP data for the corona-disrupted first quarter of 2020-21 on Monday came as a shocker despite the foreboding there had been for weeks earlier. "We are witnessing a V-shaped recovery as the economy unlocks E-way bills at 99.9 per cent vs August last year despite local lockdowns. As per the data, manufacturing has entered recession …

After sharpest GDP fall, chief economic advisor Subramanian says India witnessing V-shaped recovery
4 years, 4 months ago

After sharpest GDP fall, chief economic advisor Subramanian says India witnessing V-shaped recovery

India Today  

GDP numbers are out and they spell trouble for the Indian economy, already reeling under the pressure of the novel coronavirus pandemic and the subsequent nationwide lockdown. At -23.9 per cent, India is staring at a recession because the Indian economy has witnessed a contraction in growth for the two consecutive quarters now. Manufacturing, construction, trade, hospitality and transport which …

Govt Analysts Say Signs of Recovery in Rural Economy Hailed by PM Modi 'At Best a Mitigating Factor'
4 years, 4 months ago

Govt Analysts Say Signs of Recovery in Rural Economy Hailed by PM Modi 'At Best a Mitigating Factor'

News 18  

India is staring at a protracted slowdown as coronavirus cases reach its countryside, with signs of recovery in the rural economy hailed by Prime Minister Narendra Modi "at best a mitigating factor", government officials and analysts said. "The economic situation has in fact worsened since April and May, and we are likely moving towards a longer economic slowdown than earlier …

Modi hai toh mumkim hai: Rahul Gandhi's latest jibe at PM Modi over worsening economic crisis
4 years, 5 months ago

Modi hai toh mumkim hai: Rahul Gandhi's latest jibe at PM Modi over worsening economic crisis

India Today  

Senior Congress leader Rahul Gandhi on Wednesday took another jibe at Prime Minister Narendra Modi over India’s worsening economic crisis. On Twitter, Gandhi posted a portion of a news report about the country’s worsening GDP growth and said, “Modi hai to mumkin hai.” Gandhi was referring to an article initially published on news agency PTI, where Infosys founder NR Narayana …

Rahul Gandhi, Chidambaram slam Modi over state of economy
4 years, 5 months ago

Rahul Gandhi, Chidambaram slam Modi over state of economy

The Hindu  

Former Congress president Rahul Gandhi on Thursday accused the Narendra Modi government of ‘ruining’ the economy, while former Finance Minister P. Chidambaram asked the Prime Minister when he would “acknowledge his failures and those of his economic managers”. When will the Prime Minister acknowledge his failure and the failure of his economic managers?” asked Mr. Chidambaram. Will the government realize …

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 …

Opinion | The government’s tight fist has given our economy a body blow
4 years, 7 months ago

Opinion | The government’s tight fist has given our economy a body blow

Live Mint  

More bad news about the economy surfaced last month. However, during the last three years of the United Progressive Alliance 2 regime, 2011-12 to 2013-14, GDP growth slowed down to 5.5% per annum, as the government did little except hope and pray for inflation to slow down and growth to revive. The first three years of the Narendra Modi government, …

India will definitely gets its growth back, says Narendra Modi at CII Annual Session 2020; emphasises on inclusion, innovation
4 years, 7 months ago

India will definitely gets its growth back, says Narendra Modi at CII Annual Session 2020; emphasises on inclusion, innovation

Firstpost  

Speaking at a video conference to the industry body, Confederation of Indian Industries’ annual session, Narendra Modi said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy. Speaking on a slew of topics from economy, entrepreneurship, manufacturing to medical supplies, Prime Minister Narendra Modi on Tuesday said India will definitely …

The dismantling of the idea of India
4 years, 7 months ago

The dismantling of the idea of India

Hindustan Times  

March 24, 2020, was a watershed moment with Prime Minister Narendra Modi announcing a national lockdown in view of the coronavirus disease pandemic. This black swan event in the first year of the National Democratic Alliance government’s second term in office has changed our lives. Shift gears to address issues the marginalised at the bottom of the pyramid face Two …

Modi’s plan for economic revival is a game-changer
4 years, 7 months ago

Modi’s plan for economic revival is a game-changer

Hindustan Times  

The first anniversary of the National Democratic Alliance government, popularly referred to as Modi-2, may have been somewhat subdued due to the lockdown as a result of the coronavirus disease. At the outset, he referred to the ₹20 lakh crore economic package that he dedicated to the nation on May 12 and stressed his desire to make India self-reliant. Imagine …

Has India’s GDP Decline 'Bottomed Out'?
4 years, 10 months ago

Has India’s GDP Decline 'Bottomed Out'?

ABP News  

US Presidents In India: From Eisenhower To Trump Outside of the formal sector, data has been difficult to collect credibly in India. The manufacturing sector contracted again, which is astonishing given that the primary focus of economic growth by Modi himself was his fancy Make In India scheme. Disclaimer: The opinions, beliefs and views expressed by the various authors and …

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy
5 years ago

Narendra Modi says NDA govt saved country from disaster; confident of making India a $5-tn economy

Firstpost  

Narendra Modi said that the aim of the government is to both formalise and modernise the country’s economy. Prime Minister Narendra Modi has said that the target of $5-trillion Indian economy is achievable and that all-round steps have been taken to develop the economy. Prime Minister @narendramodi says the target of $5 tn Indian #economy is achievable & that all-round …

Saved Indian economy that was heading towards disaster: PM Narendra Modi
5 years ago

Saved Indian economy that was heading towards disaster: PM Narendra Modi

India Today  

The central government has "saved" the Indian economy that was heading towards a disaster five-six years ago, Prime Minister Narendra Modi claimed on Friday. We have paid attention to fulfilling the decades old demands of the industry," Prime Minister Narendra Modi said in a speech at the inaugural session of '100 years of Assocham '. PM Modi's comment comes at …

India in growth recession; extreme centralisation of power in PMO not good: Rajan
5 years, 1 month ago

India in growth recession; extreme centralisation of power in PMO not good: Rajan

The Hindu  

Former Reserve Bank of India governor Raghuram Rajan said India is in the midst of a “growth recession” with signs of deep malaise in the Indian economy that is being run through extreme centralisation of power in Prime Minister’s Office and powerless ministers. Stating that previous governments may have been untidy coalitions but they consistently took path of further economic …

Growth recession: Can Modi govt ensure India rides out the storm?
5 years, 1 month ago

Growth recession: Can Modi govt ensure India rides out the storm?

India Today  

Union Finance Minister Nirmala Sitharaman has insisted that things are not as bad as they are being presented on economic front. This means at 4.5 per cent for July-September quarter might not be the lowest GDP growth rate for the current fiscal year. The economy has been slowing down for six consecutive quarters despite the Narendra Modi government announcing a …

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 …

Economy is bad, BJP-led government has left people to suffer, says Priyanka Gandhi
5 years, 2 months ago

Economy is bad, BJP-led government has left people to suffer, says Priyanka Gandhi

The Hindu  

Congress general secretary Priyanka Gandhi Vadra on Thursday targeted the Narendra Modi government over its economic policies by stating that while citizens were reeling under hardship, leaders were enjoying themselves. Ms. Vadra took a dig at the Prime Minister by stating that the issue of H1-B visas to Indian professionals had declined ever since his “Howdy Mody!” event in Houston …

How realistic is Prime Minister Modi’s target of making India a $5 trillion economy by 2024
5 years, 2 months ago

How realistic is Prime Minister Modi’s target of making India a $5 trillion economy by 2024

Op India  

India’s Prime Minister Mr Narendra Modi has declared his vision of making India a $5 trillion economy by 2024. From the IMF estimates above, it can be inferred that if – India’s nominal GDP grows at about 11.8% per year and inflation hovers at around 4% to 4.2% per year and INR depreciates at no more than 2% per year …

India may have entered ‘quasi-recession’ as growth plummets
5 years, 4 months ago

India may have entered ‘quasi-recession’ as growth plummets

Live Mint  

India’s longest growth slump since 2012 is heightening concern that it may be tough for policy makers to reverse the slowdown. “Growth has now slipped below the long term trend of 6.6% for two consecutive quarters, which implies that India is effectively in a quasi-recession,” Teresa John, an economist at Nirmal Bang Equities Pvt. While the standard macroeconomic definition of …

India facing prolonged slowdown: Manmohan Singh
5 years, 4 months ago

India facing prolonged slowdown: Manmohan Singh

The Hindu  

Former Prime Minister Manmohan Singh on Sunday said the 5% growth in India’s Gross Domestic Product signalled a prolonged slowdown and asked the government to engage with “thinking minds by shunning vendetta politics to take the economy out of a man-made crisis.” In a video statement, he said the state of the economy was “deeply worrying” and the near zero% …

India GDP growth plunges to 5%
5 years, 4 months ago

India GDP growth plunges to 5%

CNN  

New Delhi CNN Business — India’s economic slump risks becoming a crisis, with growth plunging to levels not seen since Prime Minister Narendra Modi was elected in 2014 on a promise to turn the country into a global powerhouse. It’s also the weakest growth rate recorded under Modi, who first swept to power five years ago promising to take India’s …

Opinion | Is India headed for its worst growth recession in a decade?
5 years, 4 months ago

Opinion | Is India headed for its worst growth recession in a decade?

Live Mint  

Much of the debate in recent months has been focused on the sharp loss of economic momentum in India. Economic growth fell sequentially in the three quarters from June 2008, or the second quarter of fiscal year 2009. Economic growth peaked in the three months ended March 2011, but slowed for five consecutive quarters after that. The most recent goods …

From policy paralysis to economic paralysis? Modi govt is decisive but…
5 years, 5 months ago

From policy paralysis to economic paralysis? Modi govt is decisive but…

India Today  

Policy paralysis was the often-used catchphrase to describe governance of the Manmohan Singh government in its latter half. Economists such as former Reserve Bank of India Governor Raghuram Rajan argue that the actual rate of gross domestic product is in the range of 3.5-5.5 per cent. Its GDP growth rate for January-March was 5.8 per cent - at a five-year …

Life after demonetisation: How India’s poor are paying the price
5 years, 7 months ago

Life after demonetisation: How India’s poor are paying the price

Al Jazeera  

More than two years on, many of India’s poor are still dealing with the effects of PM Narendra Modi’s financial reforms. Analysts say Modi’s financial reforms hit people in the informal sector – who are also among India’s poorest – particularly hard. ‘A more tax-compliant society’ Former Finance Minister Arun Jaitley said in a Facebook post on October 1, 2016 …

India GDP growth: economy slumps again as Modi begins second term
5 years, 7 months ago

India GDP growth: economy slumps again as Modi begins second term

CNN  

New Delhi CNN Business — Narendra Modi just won a second term as prime minister of India. Modi, who first swept to power in 2014 on promises to revive India’s economy and boost growth, won re-election by an even bigger margin in the latest vote which concluded on May 23. Another set of figures released on Friday revealed that India’s …

Modi 2.0: Can India’s re-elected PM deliver on the economy?
5 years, 7 months ago

Modi 2.0: Can India’s re-elected PM deliver on the economy?

Al Jazeera  

The prime minister will have to boost spending in his second term even as the government’s finances worsen. “Greater public investment is precisely the need of the hour; there’s no need for such ‘fiscal orthodoxy’,” R Nagaraj, an economist at the Indira Gandhi Institute of Development Research, told Al Jazeera. Nagaraj points to India’s debt to GDP ratio, which at …

New govt faces challenges of arresting slowdown, creating jobs and tackling bad loan woes of banks: Economists
5 years, 7 months ago

New govt faces challenges of arresting slowdown, creating jobs and tackling bad loan woes of banks: Economists

Firstpost  

After a landslide victory at the general election, Prime Minister Narendra Modi faces the immediate challenge of arresting a slowdown in the world’s sixth largest economy New Delhi: After a landslide victory at the general election, Prime Minister Narendra Modi faces the immediate challenge of arresting a slowdown in the world’s sixth largest economy, creating jobs, stimulating private investment and …

PM Modi's big win signals strong Indian GDP growth will continue
5 years, 7 months ago

PM Modi's big win signals strong Indian GDP growth will continue

India TV News  

Steller performance of Prime Minister Narendra Modi's BJP with another large parliamentary majority will see continuity of macroeconomic policy in the next five years but the key economic challenge now is to continue reforms, brokerages and economists said on Thursday. "Despite significant achievements in infrastructure development during PM Modi's first term, rapid infrastructure development in key sectors such as transport …

Opinion | The big opportunity that Modi missed to reform the economy
5 years, 7 months ago

Opinion | The big opportunity that Modi missed to reform the economy

Live Mint  

It appears to be that season: When those of us in the commentary class, who opined on the just-elected government of Prime Minister Narendra Modi in the summer and autumn of 2014, dust off what we wrote and compare it with what actually transpired in the last five years. Noting the similarities in their ascent to power—firebrand conservative outsiders who …

Arun Jaitley says extreme poverty falling, to end by 2031
5 years, 8 months ago

Arun Jaitley says extreme poverty falling, to end by 2031

Live Mint  

New Delhi: India's finance minister said on Monday fast economic growth and rapid urbanisation would slash the number of people in extreme poverty by 2021 and end it completely in the decade after that. The economy is a major issue in a staggered general election that began on Thursday and will end on 19 May, with the main opposition Congress …

Once ’fragile’, Indian economy now world’s fastest-growing: PM Modi
5 years, 11 months ago

Once ’fragile’, Indian economy now world’s fastest-growing: PM Modi

Live Mint  

Mumbai: Prime Minister Narendra Modi on Sunday said the country had transformed from among the "fragile five" nations to the world's fastest-growing economy. Nowadays, there is no discussion on scams, but on new schemes," Modi said, adding that the country had moved from scams to schemes in the last five years. Five years ago, the world saw India as a …

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