The argument that India is going towards a 'Hindu rate of growth' is "ill-conceived, biased and pre-mature" when weighed against the respective data on savings and investments, said SBI Research in its Ecowrap report. The term Hindu rate of growth was coined by economist Raj Krishna in 1978, which denoted the economic growth of about 3.5-4.0 per cent in terms of GDP during 1947-1980. "India's quarterly sequential Y-o-Y GDP growth has been in a declining trend in FY23.
'We should look at is full year's growth rather than quarter numbers.'
Sounding a note of caution, former Reserve Bank Governor Raghuram Rajan has said that India is "dangerously close" to the Hindu rate of growth in view of subdued private sector investment, high interest rates and slowing global growth. Rajan said that sequential slowdown in the quarterly growth, as revealed by the latest estimate of national income released by the National Statistical Office (NSO) last month, was worrying. Hindu rate of growth is a term describing low Indian economic growth rates from the 1950s to the 1980s, which averaged around 4 per cent.
'80% of the rural and urban population don't have enough purchasing power.'
We have our own problems for sure and they are not trivial, but for now, our economy is in not too bad a shape, our politics is as personality-driven and authoritarian as that of most countries in the world. We must make the best of what we have and not be excessively unhappy looking at the grass on the other side of the septic tank which may not be greener after all!, observes Shreekant Sambrani.
Tiwari gave his blood sample in front of district judge Raj Krishna, chief medical superintendent of Government Doon Hospital B C Pathak, Rohit Shekhar, who has filed the paternity suit, and his mother Ujjwala Sharma, officials said
Don't miss this great piece of cinema.
The percentage of population below the poverty line has certainly not increased, says Prime Minister Manmohan Singh.
With 40 officers and 260 men, INS Kochi sailed into the eye of a cyclonic storm and rescued 125 men who had jumped into the sea from a sinking barge. It was one of the Indian Navy's greatest rescue operations.
The portfolios were cleared by Congress president Rahul Gandhi as the exercise had turned out to be tricky for the party state leaders.
A reformed Planning Commission should reflect the diversity of Indian debate.
'How many people have been skilled up and thus able to escape from needing to be in NREGA? The true success of NREGA would lie in its irrelevance -- that is, people no longer need it as a crutch.' 'NREGA should enable them to climb out of poverty and stand on their feet.' 'But this is expressly forbidden by NREGA rules. Skill development, which is what India needs more than anything else, appears to be outside the purview of NREGA,' points out Rajeev Srinivasan.
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