The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.
If imputed inflation for April and May is used, then you have inflation of over 6 per cent for two consecutive quarters, which is a worrying signal for the RBI.
New body to replace Plan panel might retain 40% of existing staff
'If the government spends Rs 10 lakh crore this year then you would be looking at a GDP growth of minus 5 per cent.' 'If you do not do this, you will be looking at GDP growth between minus nine and minus 10 per cent.'
Some say the MPC will raise the rate, while others are of the view that there is already de facto interest rate tightening through rising bond yields, which might prompt the central bank to go for a pause.
The immediate revenue loss could worsen the Centre's fiscal deficit, from the budgeted 3.3 per cent of gross domestic product (GDP) to 3.7 per cent of GDP -- a massive 40-basis-point increase. It was stabilised at 3.4 per cent since 2016-17, report Abhishek Waghmare and Dilasha Seth.
Across 10 prominent services, revenue to the government reduced by 20 per cent in the first year of GST compared to the last year of the service tax regime. This happened despite tax liability against these services growing by 50 per cent in one year.
Though the NITI Aayog did not give its estimates for the required GDP growth at constant prices, economists pegged it at 9 per cent, a feat not seen since the GDP series was revised with 2011-12 as the base year.
Andhra Pradesh posted 8.14% consumer inflation in October.
A collapse in global oil prices has unleashed a wave of monetary easing.
While Bibek Debroy echoed his view in Twitter, Pronob Sen questioned Kumar's conclusion
This time there has been a rather peculiar criticism of the latest GDP numbers.
The party's research centre, overseen by chief Sonia Gandhi, provides members with solid facts that can be used to target the Centre.
Changes the base year and included more sectors.
More than 40% of the companies surveyed showed job contraction in FY18, says a report by CARE Ratings
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In 2008-09, the economy grew at 6.7 per cent despite poor farm sector growth of 0.4 per cent.
CRISIL chief economist D K Joshi is of the opinion that GDP is an indicator of the health of the economy.
India's informal economy and service sector accounts for over three-fifths of its $1.8 trillion economy.
The prospect of further falls in remittances is a hindrance for the Reserve Bank of India, as it seeks to bullet-proof the economy against sudden capital outflows
According to the final recommendations of an expert committee, the weight of primary (unprocessed) food items will go down by 0.5-1.0 percentage points in the new series compared to the current one
Crorepatis' income rose by a staggering 40% between 2015-2016 and 2017-2018.
Budget announcements will come right before five states, with population of around 250 million, go to polls.
Data show 75 per cent of the girls in 2011 were those who did not contribute to any economic activity (termed as non-workers by Census) -- these could include students, those involved in household chores, beggars, or those not helping in even unpaid work in the family, etc.
The panel finds 'discrepancy' in the Annual Survey of Industries data.
The new numbers show India's economic growth rate averaged 6.7 per cent during the Congress-led United Progressive Alliance regime as compared to 7.3 per cent under the present government. Previous numbers had put the average growth rate during the 10-year UPA rule at 7.75 per cent.
With the two members quitting, the NSC now has only two members -- Chief Statistician Pravin Srivastava and NITI Aayog CEO Amitabh Kant.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
He was most recently credited as one of the brains behind labour law reforms in Rajasthan
Economists have cautioned that any deferment of the government's fiscal goals would prove counter-productive and raise the interest payment burden.
'RBI and the economy will gain tremendously from Urjit Patel's experience in both private and public sectors'
RBI Governor Raghuram Rajan has noted the contradiction.
No one expects the government to publicly concede policy mistakes. But it can shed denial; and, stop the point-winning debating style to the formulation of public policy, says Rahul Khullar.
The bigger worry is that its effects could linger well into the next financial year.
Maybe the new methods of measuring GDP helped us get an accurate picture.
Even if the new body focuses on long-term planning, it is unlikely to do so through five-year Plans.
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
'Only the coming years will tell whether the government finds this an easy way of relieving itself from its fiscal constraints.'
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
The government has spent a little less than one-third of the Budget estimate of capital expenditure, it can still spend about Rs 20,000 crore this year without disturbing its fiscal deficit target.
Latest official data shows that investment is, in fact, showing signs of a moderate pick-up.
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