Page-8 of GDP
Did India Over-Estimate its Growth Rate?
In a research paper India s GDP Mis-estimation: Likelihood, Magnitudes, Mechanisms, and Implications former chief economic advisor Arvind Subramanian has claimed that India s economy grew at a much slower pace between 2011-12 and 2016-17 (at about 4.5%) than the ..
New index to Assess Quality of Central and State Budgets
The Confederation of Indian Industry (CII) has come out with a Fiscal Performance Index to assess the quality of budgets presented by the Centre and state governments. Fiscal Performance Index Fiscal Performance Index (FPI) is an innovative tool which uses ..
Global Economic Prospects 2019
The Global Economic Prospects 2019 released by the World Bank makes the following observations: Global real GDP growth forecast has been reduced to 2.6% for 2019. The estimate was down by 0.3%age points from its previous forecast in January. There ..
Manufacturing Sector PMI Rises
The Nikkei India Manufacturing Purchasing Managers Index (PMI), improved to 52.7 in May from 51.8 in April. It was the strongest improvement in the health of the sector in three months. Purchasing Managers Index The Purchasing Managers’ Index (PMI) presents ..
India s GDP Growth Rate Reduces
India s GDP growth rate witnessed a slowdown. This has raised the prospect of fiscal stimulus and a rate cut. GDP Growth Rate India grew at a much slower-than-expected 5.8 per cent in the last quarter of the financial year ..
Data on Unemployment
The data from the labour force survey from the National Statistical Organisation (NSO) makes the following observations about the unemployment trends in the country: The unemployment rate was 6.1 per cent of the total labour force during 2017-18 which was ..
IMD World Competitiveness Rankings 2019
The IMD World Competitiveness Rankings are released by the IMD Business School evaluate countries on their ability to foster an environment where enterprises can achieve sustainable growth, generate jobs and increase welfare for its citizens. It takes into account 235 ..
US takes India off Currency Watch List
The US government has removed India from its currency monitoring watchlist. The countries in the list will be closely monitored by the US for the potential questionable foreign exchange policies. Currency Watch List The US includes major trading partners in ..
Departments to Conduct Review of Govt Guarantees
The Ministry of Finance has asked all the departments to undertake a review of government guarantees given by respective ministries to their Central Public Sector Enterprises (CPSEs) or entities. Review of Government Guarantees The review will look into aspects like ..
Month: Current Affairs - April, 2019
RBI Cuts Key Interest Rate
The Reserve Bank of India (RBI) has slashed the key interest rate, repo rate by 25 basis points or 0.25 per cent to 6 per cent and has decided to maintain the neutral policy stance. Financial Statement of the RBI ..