Between January and May each year, India gets to see two “advance” estimates and one “provisional” estimate of GDP growth, as more data becomes available. The revision to the current fiscal year’s contraction from the 7.7 per cent forecast in January to 8 per cent …
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The National Statistical Office will release the second advance GDP estimates for 2020-21 at the end of February. The first advance estimate had, in early January, forecasted a contraction of 7.7 per cent in 2020-21. This was due largely to an expected, sharp contraction in …
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The Sensex tumbling below 50,000 points, after having scaled that psychological barrier earlier this month, is an occasion for reflection. Not the least because the stock markets’ relentless rise till now was itself seemingly incongruous with a stagnating, if not contracting, economy. Even after the …
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A common thread that runs through the Economic Survey, the Union budget, and the RBI credit policy, one which is also held by India Inc., is that the economy is on the recovery path. This, in a way, is quite natural as the two quarters …
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This was not an ordinary year. Faced with managing the economic fallout of a once-in-a-century crisis, the expectations from the Union budget were of a completely different order of magnitude. The challenge before the finance minister was how to enhance public spending, without raising taxes, …
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Indian agriculture grew at about 1 per cent per annum in the 50 years before Independence. It has grown at about 2.6 per cent per annum in the post-Independence era to become the world’s second-largest food producer. This transformation has been possible through increasing the …
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On Thursday, the BSE Sensex breached the historic 50,000 mark for the first time. While the markets have since then been pulled down by profit booking, the near 90 per cent rise in the Sensex from the depths observed in March last year has been …
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The paradox of “hunger amidst plenty” has haunted India for a long time and shows no sign of going away. On the contrary, it reached a new plane in 2020. On the one hand, the economic recession precipitated by the COVID-19 crisis and national lockdown …
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