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Economic Growth

11th November – Purchasing Managers’ Index

Purchasing Managers’ Index With India’s PMI for manufacturing, at 58.9 in October, recording the strongest growth in 13 years, and that for services expanding for the first time in eight months, there is a spring in policymakers’ step. They would like to point out that their fiscal and monetary responses for COVID times are yielding …

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Economic Revival

29th April – Economic Revival

How the economy could roar to life after the lockdown is lifted? As India is looking forward to emerging from the lockdown that covid-19 forced upon it. Having persuaded a country of over 1.3 billion people to lock themselves indoors, with admirable success, the government now has to do an about-face with the economy troubles …

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13th November – India is making dramatic strides in addressing extreme poverty

In 2015, the United Nations adopted 17 Sustainable Development Goals (SDGs) to be achieved by 2030, of which the first two are “ending extreme poverty and hunger”. What is extreme poverty? Extreme poverty is defined as living on less than $1.90 a day, measured in 2011 purchasing power parity prices. What is WPC? The World …

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19th October – An inclusive strategy for India to revive its economic growth

From a peak of 8.1% in the fourth quarter of 2017-18, growth in gross domestic product (GDP) has now decelerated to a six-year low of 5% in the fiscal first quarter, with a slowdown visible across all sectors. We now require a macroeconomic strategy to revive aggregate demand in the short-run, while initiating structural reforms …

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India's Growth Story

Despite India’s Growth which had impressive show in the mid-2000s, the long-term magnitude and sustainability of this progress remains uncertain. India’s rapid population expansion requires that the country sustain long-term growth to enable job creation over time. For the country to achieve this enduring trajectory, India must correctly identify the economic fundamentals behind such growth. …

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