It is necessary that at least three million additional jobs (if not more) are created every year to ensure that there isn't an increase in the stock of unemployed, says Mahesh Vyas.
Let's take a look at 10 economically riskiest countries.
S&P in November ruled out an upgrade in the country's rating for some considerable period, citing India's low per capita GDP and relatively high fiscal deficit.
The monsoon session of Parliament is likely to begin in the third week of July and end by mid August.
With less than five months left for the report of the Fifteenth Finance Commission to be submitted, its chairman N K Singh said the report will have fiscal road map for states, depending on their current situation.
'It is a package for a new self-reliant India.'
Falling economic growth, fewer job opportunities call for a smart response to handle your finances well. Here's how you can make a small beginning.
'Our first great challenge is to create 12 million new jobs each year, to make the demographic dividend an economic dividend.' 'We are nowhere near that,' points out Mohan Guruswamy.
Even as both India and the world struggle to re-build after COVID-19, they face slow-burn problems that could develop into full-blown crises, observes T N Ninan.
FM is seen to step up the pace of sales of state assets and curb spending
Alibaba's pervasive economic and social influence in China is seen as a threat to the authority of the Chinese Communist party, notes Shyam Saran.
Let's take a look at how productive workers are in India and around the world.
'The finance minister in her Budget speech should spell out how exactly she intends to get back to the 7% track, and the hard decisions she intends to take in order to adjust to the realities of a slowing economy until growth momentum returns,' suggests T N Ninan.
The government has chosen to profiteer off people's misery and suffering, Gandhi said.
'This is not without risk because extraordinary steps taken in exceptional times have the habit of becoming habits until the next crisis intervenes,' warns T N Ninan.
'India and China have the wise and sage leadership to steer this complex relationship in the coming decades.'
Some experts argue that India's new growth figures are due to the revised calculation of GDP, which was launched in January
When oil prices collapse from $110 to $45, economic agents in India experience a large income windfall.
On the eve of the Budget presentation, economists on Thursday said the they expect the government to roll back some of the stimulus measures, as the economic growth is on rebound with the Economic Survey projecting the GDP to expand by up to 8.75 per cent in FY'11.
Finance Minister Arun Jaitley on Friday tabled the pre-Budget Economic Survey in the Lok Sabha.
Budget has laid emphasis on increasing social spends
India's finance ministry on Wednesday ordered small-bore austerity measures including a ban on holding meetings at five star hotels and creation of new posts in federal departments, at a time when government revenue growth has slowed down.
The Barclays' report also said that the effort to reduce fiscal deficit through austerity measures is weighing on growth.
Currently, India recycles around 300 of the 1,000 ships which are demolished per annum globally. However, countries like Japan, Europe and the US were not sending their ships for recycling to India in the absence of ratification of a global convention. That scenario is set to change with the Recycling of Ships Act, 2019.
While the finance minister had a great opportunity to come out with flying colours while presenting this last Budget of his government, he didn't, says Omkar Goswami.
RBI Governor Shaktikanta Das on Friday said that inflation is on a declining trajectory, as it has fallen by 170 basis points from its January 2020 peak. Retail inflation fell to four-month low of 5.91 per cent in March over the previous month, mainly due to easing food prices.
Expressing serious concerns over the current account deficit touching a record 4.8 per cent in 2012-13, India Inc on Thursday asked the government to take all policy measures, including boosting exports and foreign exchange inflows to bring down CAD.
'Most of the measures the finance minister announced will take effect after the lockdown.' 'By that time, millions of people will be starving.'
'The outlook for private investment, which has been such a weak link for India for so long, remains challenging.'
Stability in currency markets was only restored from September.
And why markets could give up 25 per cent of all these gains made since March 2020
'We all wanted a strong Centre with a decisive mandate from the people, to allow them to take bold decisions.'
Das favoured shifting the stance of monetary policy from neutral to accommodative to send a clear signal, indicating that more measures could be taken in the near future to boost growth.
He said taxation has to be rationalised to make Indian products competitive.
'We don't expect any immediate impact on salaried jobs.'
'A sustainable growth rate of 8 per cent is evidently some distance away,' says T N Ninan.
BJP is hiding behind a GDP number which is being challenged. People are not dazzled by it, but are asking 'where are the jobs?'
A high CAD puts pressure on the rupee, which in turn makes imports expensive and fuels inflation.
The hit to economic activity will be mostly confined to the first quarter. And a third wave, if it materialises, is unlikely to be hugely disruptive for the economy, predicts T T Ram Mohan.
Global warming can cause extreme floods and droughts and can mean snowfall is replaced by rain, with higher evaporation rates.
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