Beijing, China’s economy grew 6.6 per cent in 2018, the weakest annual performance since 1990, confirming a slowdown in the world’s second-largest economy that could threaten global growth, according to official data on Monday. China’s growth in 2018 was down from 6.8 per cent growth in 2017. The country’s economy[Read More…]
Tag: Economic growth
Economic Growth: One good policy, and a few more to go
By Taponeel Mukherjee Access to credit, data, and transportation are among the most crucial drivers of economic well-being. To ensure better access to critical needs in India, Rod Tidwell’s famous line from Jerry Maguire, “Show me the money”, would hold in good stead. Access to the correct quality and quantity[Read More…]
Banks need to be strengthened to drive economic growth: Jaitley
Mumbai: Finance Minister Arun Jaitley on Sunday said that the banking system needed to be strengthened to meet the market’s liquidity requirements and drive economic growth. Jaitley was speaking via video-conference at an event here to mark the 100th anniversary of the Union Bank of India. According to the Minister,[Read More…]
Congress accuses govt of working for corporates, mismanaging economy
The Congress on Thursday accused the Central government of working for corporates and mismanaging the economy and asked how much black money had been unearthed in the past over three years. Participating in a discussion on supplementary demands for grants (second batch) for 2017-18 in the Lok Sabha, Congress leader[Read More…]
Populist nationalism is divisive, damages financial growth, says ex RBI governor Raghuram Rajan
Former RBI governor Raghuram Rajan on Sunday noted that the populist nationalism is potentially quite damaging to economic growth. It is often articulated as the majority community’s feelings of aggravation at being discriminated against, he added. In a conversation at the Times Litfest event, Rajan said that populist nationalism is[Read More…]
Congress will revive economic growth in six months if elected to power: Rahul Gandhi
Congress vice-president, Rahul Gandhi said his party would revive the economic growth within six months if elected to power in a scathing attack against the Centre. Gandhi, who is in his home constituency Amethi, blamed Prime Minister Narendra Modi’s ‘anti-people’ policies that have led to the slowdown of GDP. He[Read More…]
Demonetisation was suicide; govt have nothing to say now: Arun Shourie
Former union minister, Arun Shourie has likened demonetisation with suicide and slammed Narendra Modi government over sliding economic growth and increasing job losses. He also called the Modi government as “government of two-and-a-half persons”. “This is a government by ‘ilhaam’ (revelation). The Prime Minister has the ‘ilhaam’ one night that[Read More…]
Manmohanomics comes true, GDP slows down post demonetisation
India’s Gross Domestic Product (GDP) witnessed a sharp slowdown of 6.1% in Q4 from 7% in the previous quarter, said the data released by the government on Wednesday. Over the quarters of FY2017, GDP growth has spotted a downtrend from 7.9% in Q1 to 7.5% in Q2 to 7.0% in[Read More…]
India scores poorly on Sustainable Development index; ranks 110th out of 149 countries
The Sustainable Development Solutions Network (SDSN) and the Bertelsmann Stiftung launched a new Sustainable Development Goal Index in which India is ranked at a low 110 of 149 nations with regard to achieving the Sustainable Development Goals. India which has 1.2 billion people and is expected to grow by another[Read More…]