Tag: economic growth
17 Results
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Growth & Development~I
What we measure informs what we do. And if we’re measuring the wrong thing, we’re going to do the wrong thing. ~ Joseph Stiglitz, Nobel Laureate in Economics This is a world of fabulous wealth and extreme poverty. While around 20 per cent of humanity enjoys privileges and prosperity of a kind that would have...
December 21, 2017 -
Stresses that plague youth
It is a telling comment on the contradictions of our development experience that in some of the most developed countries as well as developing countries recording the highest levels of economic growth, very high levels of depression have been recorded and particularly among adolescents and youth. It is often said by adults that most of...
December 6, 2017 -
Populist nationalism damages economic growth: Raghuram Rajan
Populist nationalism is potentially quite damaging to economic growth, and which is often articulated as the majority community’s feelings of aggravation at being discriminated against, former RBI Governor Raghuram Rajan said on Sunday. In a conversation, the recording of which was shown at the Times Litfest event here, he said that populist nationalism is ascedent...
November 27, 2017 -
SBI report forecasts economic growth recovery
Amid concerns over the decline in economic growth rate in the first quarter of the current fiscal to 5.7 per cent, State Bank of India (SBI) in its economic report on Monday said it expects the economic growth to significantly recover in the second quarter of FY 18. Soumya Kanti Ghosh, group chief economic adviser of SBI,...
October 30, 2017 -
Cabinet approves Rs 2.11 lakh crore recapitilisation for public sector banks
In a major bid to boost flagging economic growth and increase bank credit flow, the Union Cabinet on Tuesday accorded approval for a massive recapitalisation plan for state-run banks worth Rs 2.11 lakh crore. Of this amount, a sum of Rs 1.55 lakh crore will be raised through recapitalisation bonds, Financial Services Secretary Rajiv Kumar...
October 24, 2017 -
RBI’s policies not growth-friendly: FICCI chief
FICCI President Pankaj Patel today slammed the Reserve Bank of India over its reluctance to cut interest rate, saying its policies were “not industry- friendly” and posed a hurdle in the country’s economic growth. In its latest monetary policy review on October 4, the RBI had kept the policy rate unchanged at 6 per cent...
October 14, 2017 -
India calls for new global partnership to boost economic growth
India has called for a new global partnership to stimulate the weak economic growth through long-term investments in critical sectors and enhancing trade. The global economic recovery is only progressing slowly and growth is weaker than expected while risks persist, Ashish Sinha, a First Secretary in India’s UN Mission, told the General Assembly committee dealing...
October 6, 2017 -
Economic blight
Faced with a worrying decline in GDP growth, industrial production and jobs, Union Finance Minister Arun Jaitley chaired an inter-ministerial brain-storming session on 19 September, with a view to create measures that could be speedily implemented in order to stimulate India’s economy. Rail and Coal Minister Piyush Goyal, Commerce Minister Suresh Prabhu, top bureaucrats from...
September 29, 2017 -
Coalition govts produce better economic growth: Ex-RBI Guv
Coalition governments in India have produced better economic growth rates in the last three decades than a strong majority government, former RBI governor Yaga Venugopal Reddy has said. “Interestingly, the highest growth in India from 1990 to 2014 was really during coalition governments…So, in a way it’s consensus based…in Indian situation, a coalition probably produces...
September 28, 2017 -
Climate change impacting estimated 40% of US growth
Climate change is annually impacting the US economy by an average of $240 billion, equal to an estimated 40 per cent of its current economic growth, scientists warn, saying burning fossil fuels “comes at a giant price tag which the US economy cannot afford and cannot sustain”. Despite this, the Trump administration has begun the...
September 28, 2017 -
Economy booster package should look at raising capital expenditure: Rangarajan
Attributing the fall in economic growth to demonetisation and GST, former Reserve Bank of India Governor C. Rangarajan said on Friday the government’s proposed package to revive the economy should partly raise capital expenditure and tackle problems that prevented private investments from rising. “The package in my opinion should be partly to raise capital expenditure...
September 22, 2017 -
FPIs remain bullish on Indian markets, pour $4 bn in July
Overseas investors have pumped a staggering $4 billion into the Indian capital market this month, primarily due to “better prospects” of economic growth as compared to other emerging markets. The latest inflow follows net infusion of Rs.1.6 lakh crore in the previous five months (February-June). In January, they had pulled out Rs.3,496 crore. “FPI inflow...
July 30, 2017 -
IMF slashes US growth forecasts for 2017-2018
The International Monetary Fund (IMF) has lowered its economic growth forecasts for the US to 2.1 per cent for this year and the next, down from the 2.3 per cent for 2017 and 2.5 per cent for 2018 that it had predicted in April, the media reported. The global financial institution cited the "uncertainty" over...
July 24, 2017 -
India to be base to economic pole of global growth: Study
India will be the base to the economic pole of global growth over the coming decade, remaining ahead of China, according to a Harvard University research. The study also warns of a continued slowdown in global growth over the coming decade. India and Uganda top the list of the fastest growing economies to 2025, at...
July 6, 2017 -
Promise of social development requires more than economic growth
The obsession with economic growth blinds the government from focusing on the issues that matter. The citizens nowadays do not want their economies to be just on the wealth creation track. In their view, a successful economy should be able to provide them with state-of-the-art health facilities; world class educational landscape; and strong property rights,...
June 27, 2017 -
India to grow at 7.7 per cent in 2018-19: IMF
India's growth is expected to rebound to 7.2 per cent in the 201718 fiscal and 7.7 per cent in 2018-19 after disruptions caused by demonetisation, the IMF said on Tuesday, while recommending the removal of long-standing structural bottlenecks to enhance market efficiency. The temporary disruptions (primarily to private consumption) caused by cash shortages accompanying the...
May 9, 2017 -
India’s growth to accelerate to 7.4 per cent in 2017-18: ADB
The Asian Development Bank (ADB) on Thursday said that India's growth rate will improve to 7.4 per cent during 2017-18 and go up further to 7.6 per cent in the next fiscal, remaining ahead of China. “The impact of the demonetisation of high-value banknotes is dissipating as the replacement banknotes enter circulation. Stronger consumption and...
April 6, 2017