Tag: GDP
17 Results
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Gender and Finance
One of the most promising ways to close the stubbornly persisting gender divide is technology. For low-income women, digital financial inclusion offers an opportunity to upend entrenched gender inequalities. Financial services delivered via mobile phone can bridge the last-mile gap, bringing financial tools and services directly to women where they work and live
April 12, 2021 -
Leveraging the world’s equity
Instead, US general government expenditure rose by 78 per cent in constant 2010 dollars from 1981 to 2019, whereas total public debt has increased dramatically from $1 trillion or 31 per cent of GDP when Reagan was President to $27 trillion or 136 per cent of GDP by the end of September 2020.
March 17, 2021 -
Fiscal Roadmap
Like the previous Commission, it has also recommended the setting up of an independent Fiscal Council, which is a must for bringing the much-needed transparency and credibility to our budget numbers, but which, like the previous FCs recommendation, is again likely to be ignored
February 17, 2021 -
Summary of Economic Survey 2020-21
The Union Minister for Finance & Corporate Affairs Nirmala Sitharaman presented the Economic Survey 2020-21 in Parliament which states that the rebound will be led by the low base and continued normalization in economic activities as the rollout of COVID-19 vaccines gathers traction.
January 31, 2021 -
Budgets and deficits
The bottom line is that better results would come about not by increased outlays alone but by adequate spending in conjunction with improved governance, which is a function of optimised bureaucratic processes and a reliable mechanism for ensuring accountability
January 21, 2021 -
Budget Blues
The government will need to boost consumption and demand as our economy remains primarily consumption driven; consumption contributed 72 per cent to our GDP last year. This implies that people should have money in their pockets and must be encouraged to spend it
January 20, 2021 -
RCEP and India
India took a principled decision to stay out as it felt RCEP did not address its outstanding issues and concerns. Though RCEP has left a window open for India to join if it intends to do so, Indias position is unlikely to change
December 3, 2020 -
India’s GDP contracts by 7.5 per cent in Q2FY21
The economy had shrunk by an unprecedented 23.9 per cent in the first quarter of this fiscal due to the coronavirus pandemic and resultant lockdowns.
November 27, 2020 -
Asia’s post-colonial journey
No statistic illustrates this better than the stark fact that India before colonisation in 1700 accounted for 24.4 per cent of world GDP (Maddison, 2007) and her share was down to only 4.2 per cent in 1950.
September 13, 2020 -
Increase infrastructure spending to revive economy: Chidambaram
He said that the economic revival will need money. 'Borrow and don't hesitate on this.'
September 6, 2020 -
Rahul Gandhi hits out at Centre, says contraction in economy due to ‘Gabbar Singh Tax’
'Many have been badly affected by this- lakhs of poor families, crores lost their jobs, states' economy was affected,' he said.
September 6, 2020 -
‘There was hidden purpose…’: Rahul Gandhi links demonetisation with current GDP downfall
He said, the country 'must unite and fight' what he called the attack on the poor, farmers and unauthorised sector.
September 3, 2020 -
India’s GDP declines sharply by 23.9% for Q1 in FY 2020-21; worst contraction on record
As per the National Statistical Office, Gross Value Added (GVA) came in at -22.8 per cent.
August 31, 2020 -
GDP to contract 4.5% in current FY due to impact of coronavirus: Centre agrees with IMF’s prediction
'The economic growth of pre-COVID times, as and when restored through fuller unlocking of the economy, will heavily lean on the reforms undertaken today to enhance its potential tomorrow.'
July 6, 2020 -
IMF projects India’s GDP growth to contract by 4.5% this year
Global output is projected to decline by 4.9 percent in 2020, 1.9 percentage points below IMF's April forecast, followed by a partial recovery, with growth at 5.4 percent in 2021.
June 25, 2020 -
Lockdown impact
On the exports front, official data has shown that the nation’s shipments contracted by a record 60.28 per cent to $10.36 billion in April amid the lockdown. It has led to large-scale disruptions in the supply chains and demand structure leading to cancellation of orders.
May 29, 2020 -
India’s worst recession is here, says Crisil
CRISIL also foresees economic activity in states with high Covid-19 cases to suffer prolonged disruption as restrictions could continue longer.
May 27, 2020