Opinion | India needs a ground-up growth model for an inclusive economy
4 years, 10 months ago

Opinion | India needs a ground-up growth model for an inclusive economy

Live Mint  

Listening to debates among economists following the budget, it is clear they agree that the Indian economy is not doing well. All this, even though they do not have a good model of the role of money in an economy, as Robert Skidelsky explains in “Money And Government: A Challenge To Mainstream Economics”. Another group of “trade economists” sees opportunities for India in greater integration with global trade. Gandhi advocated policies that would support the growth of wealth in tiny enterprises, in which people would work and take risks to generate incomes and wealth for themselves. Investors spend on their own welfare and may use what’s left to “give back” to society through philanthropy and corporate social responsibility activities.

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History of this topic

A little more ambition and resolve could boost India’s economic expansion
1 week, 1 day ago

A little more ambition and resolve could boost India’s economic expansion

Live Mint  

Planet Earth completed a revolution around the sun and we all celebrated it with gusto, calling it a New Year. There is much discussion around ‘known unknowns’ or ‘unknown unknowns’ of a world awash in debt and beset with rising interest burdens and global trade patterns having taken a geopolitical turn, with portents of trade and currency wars, perhaps even …

India Sees Economic Growth at 6.5% for the Year Through March
2 weeks, 5 days ago

India Sees Economic Growth at 6.5% for the Year Through March

Live Mint  

-- India expects the economy to grow at around 6.5% in the year through March, against 8.2% a year before, after the economy slowed unexpectedly in the July-September quarter. “We expect the economy to grow at around 6.5% in real terms in financial year 2024-25,” the Department of Economic Affairs said in its monthly economic review for November. “India’s growth …

Nehru model failed: Jaishankar
4 weeks, 2 days ago

Nehru model failed: Jaishankar

Deccan Chronicle  

New Delhi: External affairs minister S. Jaishankar stated on Sunday that there is a national consensus recognising the failure of the Nehru Development Model. Speaking at the launch of Professor Arvind Panagariya’s book, "The Nehru Development Model," Jaishankar emphasised that India is working to rectify both the outdated domestic development approach and the associated Nehru foreign policy. Jaishankar explained that …

India’s GDP growth shocker: Bad news can be good too
1 month, 1 week ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s growth slowdown: Yes, RBI does need to respond
1 month, 1 week ago

India’s growth slowdown: Yes, RBI does need to respond

Live Mint  

The Indian economy is in the midst of a cyclical slowdown. The Indian government is still in the process of getting public finances back into shape after the pandemic shock, when it had to support economic activity even as tax collections collapsed. There is a compelling case for the monetary policy committee, which is meeting this week to decide its …

Inclusive Growth and Social Empowerment: India's Economic Policies Rooted in Inclusive Growth and Social Empowerment
2 months, 2 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's Economic Potential Soars as Global Landscape Shifts
Trending News
2 months, 3 weeks ago

India's Economic Potential Soars as Global Landscape Shifts

The Hindu  

India is well positioned to capitalize on new growth opportunities due to its robust macroeconomic fundamentals and strategic shift towards strategic economic partnerships. The country's focus on domestic capacity building and resilience against external shocks will be key to its success. Ms. Sitharaman emphasized India's potential to become a key partner for many countries seeking to diversify their sources of …

Explained: Why Economic Survey 2024 has taken a cautious stance
5 months, 3 weeks ago

Explained: Why Economic Survey 2024 has taken a cautious stance

India Today  

The Economic Survey 2023-24 has adopted a more cautious stance on India’s growth prospects, projecting an expansion of 6.5% to 7% for the fiscal year. Chief Economic Adviser V. Anantha Nageswaran highlighted that while the Indian economy remains resilient, it faces potential challenges from geopolitical uncertainties and the risk of cheaper imports that could impact private capital formation. "The Indian …

IMF says India's GDP growth to moderate to 7% in 2024 and 6.5% in 2025
6 months, 3 weeks 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 …

Indian economy to grow at 7.5 per cent in 2024, projects World Bank
9 months, 1 week ago

Indian economy to grow at 7.5 per cent in 2024, projects World Bank

India TV News  

The Indian economy will grow at 7.5 per cent in 2024, according to latest estimates by the World Bank. It raised India's economic growth forecast by 1.2 per cent to 7.5 per cent for 2023-24, on the back of robust activity in services and industry in its latest update for South Asia. The increase in the projected growth rate for …

On-target growth: 8% plus in 2023-24?
9 months, 2 weeks ago

On-target growth: 8% plus in 2023-24?

Live Mint  

Finance minister Nirmala Sitharaman has hinted that India’s economy will see gross domestic product expand 8% or more in the three months ended 31 March. “Hopefully, the fourth quarter… will also have 8% or above 8%, resulting in 2023-24 having an average growth in GDP of 8% or over 8%," she said at a Mint summit on Saturday. Further, for …

Riding high on the growth momentum
1 year ago

Riding high on the growth momentum

Hindustan Times  

The Indian economy’s growth continues to surprise: The recently released advance estimate of Gross Domestic Product by the National Statistical Office showed that the economy will grow 7.3% in the current fiscal year 2023-24, slightly higher than last year’s 7.2% increase. India’s growth rate has kept a 7% handle for the last two years, but the world’s GDP growth has …

ECONOMIC PERSPECTIVES | Is the Indian economy booming in the 76th year of independence?
1 year, 4 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 …

'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," …

India’s economy picks up speed amid global slowdown
1 year, 7 months ago

India’s economy picks up speed amid global slowdown

Al Jazeera  

With 6.1% quarterly growth, India remains one of the fastest growing emerging economies, especially as China’s recovery stumbles. India’s economic growth has accelerated to 6.1 percent in the January–to-March quarter, boosted by government and private capital spending even as private consumption remained sluggish, government data shows. The manufacturing sector, which for the past decade has accounted for just 17 percent …

India is making its mark in the world
1 year, 7 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, …

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN
1 year, 7 months ago

Indian Economy Expected To Grow 6.7% In 2024, Country Remains A Bright Spot: UN

News 18  

India’s economy is expected to grow by 6.7 per cent in the calendar year 2024, supported by resilient domestic demand, according to a UN report which said higher interest rates and weaker external demand will continue to weigh on investment and exports this year for the country. The World Economic Situation and Prospects as of mid-2023 released on Tuesday said …

India’s post-pandemic potential growth could be pushed higher
1 year, 9 months ago

India’s post-pandemic potential growth could be pushed higher

Live Mint  

Three years have now passed since the pandemic brought the world to a standstill. The World Bank has this week released a large database with estimates of potential growth over the years for various countries. First, the World Bank estimates Indian potential growth at 7% a year. Second, Indian potential growth is higher than that of most emerging economies it …

India to buck global slowdown, maintain pace of expansion: RBI officials
1 year, 9 months ago

India to buck global slowdown, maintain pace of expansion: RBI officials

The Hindu  

Even as the global economy is set to slow down or even enter a recession in 2023 as financial markets worldwide face heightened uncertainty, the Indian economy is steadily gathering momentum, Reserve Bank of India officials headed by deputy governor Michael D. Patra wrote in an article in the March RBI Bulletin. “Unlike the global economy, India would not slow …

Unlike Global Economy, India Won't Slow Down And Maintain Pace Of Expansion Seen In FY22: RBI
1 year, 9 months ago

Unlike Global Economy, India Won't Slow Down And Maintain Pace Of Expansion Seen In FY22: RBI

ABP News  

The Reserve Bank of India, in its monthly bulletin for March, said unlike the global economy, India would not slow down and maintain the pace of expansion achieved in 2022-23. Even as global growth is set to slow down or even enter a recession in 2023 as global financial markets wager, India has emerged from the pandemic years stronger than …

India's GDP Growth: Economists Must Not Go by Face Value & Assess Data Robustly
1 year, 10 months ago

India's GDP Growth: Economists Must Not Go by Face Value & Assess Data Robustly

The Quint  

As argued before, while reviewing the macro-elements and components of growth in any statistical interpretation exercise, it’s difficult to get the full picture one needs. For example, keeping aside the base effect, the fact that private consumption demand is still woefully low, indicates how much of the low-middle income and middle-income class in India is ‘consuming less’ and their demand …

Parsa Venkateshwar Rao Jr | Slow economic growth a major challenge for govt
1 year, 10 months ago

Parsa Venkateshwar Rao Jr | Slow economic growth a major challenge for govt

Deccan Chronicle  

The economic indicators listed in the monetary policy statement of the Reserve Bank of India, raising the repo rate to 6.5 per cent from 6.25 per cent on February 8, is sobering after the high rhetoric used by finance minister Nirmala Sitharaman in her Budget speech on February 1. The revenue buoyancy of the government, especially from the Goods and …

India must avoid growing into a dystopia
1 year, 11 months ago

India must avoid growing into a dystopia

The Hindu  

The Budget that was presented recently, has received almost universal praise in the English language media. Next, as 2022 drew to a close, the London-based consultancy Centre for Economics and Business Research predicted that by 2035, India’s economy would reach $10 trillion and become the world’s third largest by 2037. A few days ago, a leading Indian financial daily calculated …

Making India the No 1 economy in the world is our priority: Bandi
1 year, 11 months ago

Making India the No 1 economy in the world is our priority: Bandi

Deccan Chronicle  

NEW DELHI: BJP state president and MP Bandi Sanjay Kumar welcomed the ‘wonderful’ Union Budget as it will cater to the needs of all sections of people. The BJP state president said that some sections believed that the budget will be an ‘election budget’, but Modi showed that he is moving ahead with a longer vision. Meanwhile, BJP OBC morcha …

Economic Survey 2023: Decoupling of India’s Economy from Global Headwinds Needs Calibrated Action - News18
1 year, 11 months ago

Economic Survey 2023: Decoupling of India’s Economy from Global Headwinds Needs Calibrated Action - News18

News 18  

India’s Finance Minister Nirmala Sitharaman today, a short while after the first address of President Draupadi Murmu, to the joint session of the Parliament, presented her fifth Economic Survey, ahead of her last full Union Budget of the present government to be presented in the Lok Sabha, on February 1. The 414 pages 12-chapter long sprawling Economic Survey takes a …

Indian economy forecast to keep growing at more than 6% despite global downturn
1 year, 11 months ago

Indian economy forecast to keep growing at more than 6% despite global downturn

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 growth story is set …

Indian GDP to grow 5.8%: UN
1 year, 11 months ago

Indian GDP to grow 5.8%: UN

Deccan Chronicle  

Chennai: As higher interest rates and a global slowdown weigh in on investment and exports, India is expected to grow at 5.8 per cent in 2023 and 6.7 per cent in 2024. Similarly, in South Asia, the economic outlook has significantly deteriorated due to high food and energy prices, monetary tightening and fiscal vulnerabilities and average GDP growth is projected …

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 …

India’s economic growth ’extremely fragile’, needs all support: RBI MPC member
2 years ago

India’s economic growth ’extremely fragile’, needs all support: RBI MPC member

Live Mint  

India's economic growth is now 'extremely fragile' and needs all the support that it can get, as private consumption and capital investment are yet to pick up, said RBI Monetary Policy Committee member Jayanth R Varma on Friday. He said that exports and government spending supported the Indian economy through the pandemic, and now other engines of growth, i.e, private …

India’s GDP growth forecast upgraded to 6.9% for FY23 by World Bank
2 years, 1 month ago

India’s GDP growth forecast upgraded to 6.9% for FY23 by World Bank

India TV News  

The World Bank on Tuesday revised upwards its GDP growth forecast for India to 6.9 per cent for 2022-23, saying the economy was showing higher resilience to global shocks. In October, it had cut India's GDP growth forecast to 6.5 per cent from 7.5 per cent earlier. India's gross domestic product, which grew 8.7 per cent in previous 2021-22 financial …

5 charts show why the world is cheering India's economy
2 years, 1 month ago

5 charts show why the world is cheering India's economy

Live Mint  

NEW DELHI : On more than one occasion in recent months, India has been hailed for holding its head high amid a looming global economic slowdown. India will spend ₹3,500 crore on toys to outplay China Why housing real estate remains a losing proposition This manager's small-cap fund gave 40% CAGR returns in 3 yrs View Full Image Mint The …

Economy Might See Slowing Growth But Still Better Than Other Emerging Economies: FinMin
2 years, 6 months ago

Economy Might See Slowing Growth But Still Better Than Other Emerging Economies: FinMin

News 18  

As various international agencies have projected slowing of global economic growth due to rising commodity prices, supply chain bottlenecks and faster than the projected withdrawal of monetary accommodation, India’s economy is also expected to witness slowing growth, though still higher than the other emerging market economies, said a finance ministry report released on Monday. “High-wire balancing act between maintaining growth …

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 …

DC Edit | The growth story continues
2 years, 7 months ago

DC Edit | The growth story continues

Deccan Chronicle  

In spite of local lockdowns and the impact of Delta and Omicron variants of the coronavirus, the Indian economy has managed to grow by 8.7 per cent in the financial year 2021-22. In contrast, consumption — both private and government — trailed investment as the government’s focus has been on creating future assets while boosting economic growth. Faster growth in …

Growth pangs: The Hindu Editorial on World Bank growth forecast for India
2 years, 9 months ago

Growth pangs: The Hindu Editorial on World Bank growth forecast for India

The Hindu  

The World Bank pared its 2022 growth projections for South Asian economies to 6.6% on Wednesday, from an estimate of 7.6% released in January, emphasising that post-pandemic growth was already uneven and fragile before the Russia-Ukraine conflict triggered fresh challenges. The ripple effect of high oil and food prices that prevailed even before the war and were exacerbated since February …

India economy projected to grow 8% in coming fiscal year
2 years, 11 months ago

India economy projected to grow 8% in coming fiscal year

Associated Press  

NEW DELHI — India’s economy is projected to grow 8% to 8.5% in the financial year beginning April 1, signaling a strong recovery after it was slammed by the COVID-19 pandemic. The government’s annual economic survey, released Monday, comes a day before Finance Minister Nirmala Sitharaman is due to present the national budget for the 2022-23 fiscal year. The survey …

India better positioned to face external shocks: RBI's Michae D. Patra
3 years, 1 month ago

India better positioned to face external shocks: RBI's Michae D. Patra

The Hindu  

India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change, Reserve Bank Deputy Governor Michael Debabrata Patra said on Monday. Relative to macroeconomic configurations in 2013 when India was described as one of the fragile five countries, he said, "India is better positioned currently, as …

Evidence of Normalisation of India’s Economic Activity, Says IMF Chief Economist
3 years, 9 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 …

Growth with inequality: The Hindu Editorial on Economic Survey 2021
3 years, 11 months ago

Growth with inequality: The Hindu Editorial on Economic Survey 2021

The Hindu  

The Economic Survey for 2020-21 is an expansive attempt at reviewing the developments in the Indian economy during the current financial year and providing an outlook for its near-term prospects. Citing an approach that used ‘graded public health measures to transform the short-term trade-off between lives and livelihoods into a win-win that would save both lives and livelihoods over the …

Economic Survey predicts 11% growth in fiscal 2022
3 years, 11 months ago

Economic Survey predicts 11% growth in fiscal 2022

The Hindu  

India’s economy is firmly in the middle of a V-shaped recovery and will bounce back to record 11% growth in 2021-22 after an estimated 7.7% contraction this year, according to a ‘conservative’ estimate in the Economic Survey for 2020-21. Making a strong pitch for the government to loosen its purse strings to spur the economy with a ‘counter-cyclical fiscal push’ …

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 …

Opinion | Fiscal spending will have to do the heavy lifting
4 years, 4 months ago

Opinion | Fiscal spending will have to do the heavy lifting

Live Mint  

India’s June-quarter data reaffirmed the stark weakness in economic activities. Such a dent is leading to major headwinds for private final consumption expenditure, which, with about two-thirds share in overall GDP and usually strong growth momentum, typically provides a strong bedrock for India’s growth. While monetary policy reacted with commendable alacrity with large rate cuts and a heavy dose of …

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh
4 years, 5 months ago

Indian Economy to See Sharp V-shaped Recovery in Q3, Q4: 15th Finance Panel Chief NK Singh

News 18  

India will see a sharp V-shaped recovery in the third and fourth quarter of the current fiscal, but FY21 GDP growth would ultimately be in negative territory as the coronavirus lockdown led to serious demand and supply dislocations, 15th Finance Commission Chairman NK Singh said on Monday. The growth projections for current year by various global and domestic agencies indicate …

Opinion | The great scramble of millions to board India’s economic bus
4 years, 5 months ago

Opinion | The great scramble of millions to board India’s economic bus

Live Mint  

The covid-19 pandemic has highlighted the structural weaknesses of India’s economic model. India’s policymakers must devote much more attention to the building of India’s internal capabilities if Indians are to benefit from participation in global trade. Several economists—Dani Rodrik, Ricardo Hausmann, Ha Joon-Chang, and others—who have been advocating the need for sound industrial policies, to create more competitive enterprises and …

Special Correspondent MUMBAI
4 years, 7 months ago

Special Correspondent MUMBAI

The Hindu  

The Indian economy is likely to contract by over 10% in FY21 on account of COVID-19 impact, Arthur D Little says in a report. “India is headed towards a W-shaped economic recovery with a potential GDP contraction of 10.8% in FY21,” said Barnik Chitran Maitra, lead author of the report and Managing Partner & CEO of Arthur D Little, India …

India’s GDP for FY21 projected at 4.8%, COVID-19 to have adverse economic impact globally: UN report
4 years, 9 months ago

India’s GDP for FY21 projected at 4.8%, COVID-19 to have adverse economic impact globally: UN report

The Hindu  

India’s GDP growth for the current fiscal is expected to slow down to 4.8%, a UN report has said, warning that the COVID-19 pandemic is expected to result in significant adverse economic impacts globally. The report noted that COVID-19, first reported in China and subsequently globally, has significantly increased the downside risks to the Asia and Pacific region’s near-term economic …

Opinion | There’s a Gandhian third way for an inclusive economy
4 years, 11 months ago

Opinion | There’s a Gandhian third way for an inclusive economy

Live Mint  

India’s gross domestic product growth has slumped, consumption has reduced for the first time in 40 years, and the economy seems adrift, though the government is trying to assure investors and citizens that this will soon pass. That all was not well was known even in the heady days of the “India Shining” campaign at the turn of the millennium, …

Decisive measures vital to revive India’s growth
4 years, 11 months ago

Decisive measures vital to revive India’s growth

Deccan Chronicle  

The Union Budget 2020-21, to be presented to Parliament by finance minister Nirmala Sitharaman on Saturday, February 1, comes at a time when the Indian economy is facing headwinds from a growth slowdown, on account of both domestic and global factors. CII has suggested that the 2019-20 fiscal target may be relaxed by 0.5 per cent to 0.75 per cent, …

Opinion | Our economy needs ‘hard work’ as much as ‘Harvard’
5 years ago

Opinion | Our economy needs ‘hard work’ as much as ‘Harvard’

Live Mint  

With India’s gross domestic product growth slumping to 4.5%, concerns have arisen over how to grow the economy faster. This has reduced public confidence in the state’s institutions, which has deeper ramifications for the economy’s sustainable development than a growth dip. India’s leaders must choose a few things to do, do them well, and only then move on to other …

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