[ The back-and-forth covers a wide variety of issues, from consumption levels, to how expenditure is measured, to how households are really spending their money, and whether the government is artificially making its GDP data look better than it is. In the economists’ corner, we have three noted names: former chief economic advisor Arvind Subramanian, … Read more
[ New Delhi: India’s gross domestic product (GDP) is on track to grow by 8% or more in the quarter ending March 31, Finance Minister Nirmala Sitharaman said on Saturday. The economy is expected to show the same rate of year-on-year expansion for the 2023/24 financial year, Sitharaman added, citing the impact of improved inflation … Read more
[ New Delhi: India’s GDP growth could be about 1.5 percentage points or Rs 4.5 lakh crore higher immediately after simultaneous elections at the central and state levels, as compared to right after non-simultaneous elections, a paper by 15th Finance Commission Chairman N.K. Singh has found. However, the paper, included in the report submitted by … Read more
[ NEW DELHI: India Inc on Thursday said 8.4 per cent GDP growth in the October-December quarter of FY24 has “surpassed” expectations, and the economy is on a high growth trajectory due to sustained reforms undertaken by the government.India’s economic growth accelerated to 8.4 per cent in the October-December quarter of this fiscal, driven by … Read more
[ New Delhi: Even as the Sangh Parivar firmly advocates that India in the “Hindu period” (1-1000 AD) was a sone ki chidiya (golden bird), a deeper look at India’s economic performance over the last 2,000 years showed that this was far from the case, and that the term “golden” sounded like a “mockery”, Swaminathan S. Anklesaria Aiyar, … Read more
[ New Delhi: The Indian economy is expected to grow 7.3 per cent in the current financial year 2023-24, remaining the fastest-growing major economy, the National Statistics Office said on Friday. However, these are early projections for 2023-24. Improved data coverage, actual tax collections, expenditures incurred on subsidies, and data revisions made by source agencies … Read more
