The world economy is on a precarious footing, says the World Bank as it forecasts a deceleration in global growth from 3.1% in 2022 to 2.1% in 2023. Its latest edition of the Global Economic Prospects report, published earlier this month, however, projects India’s growth for FY2024 at 6.3%, a healthy number against a bleak … Read more
Last month, the Reserve Bank of India (RBI) pegged the country’s Gross Domestic Product (GDP) growth for the quar ter ending September at 6.1-6.3%. “If this is realised, India is on course for a growth rate of about 7 per cent in 2022-23,” the central bank stated in its monthly bulletin. Earlier this week, the … Read more
Edited excerpts from an email interview with Bibek Debroy, chairman of the Economic Advisory Council to the PM: What’s your outlook for the current fiscal? I expect real growth in 2021-22 to be at least 11%. GST collections, electricity consumption, broader consumption, mobility indicators — all of these show recovery. Also, consider something like IPO … Read more
Rajasthan, Maharashtra, Bihar, Tamil Nadu and Madhya Pradesh are the top five elderly states on the quality of life for elderly index released by the Economic Advisory Council to the PM on Wednesday. Himachal Pradesh, Mizoram and Chandigarh lead the rankings in relatively-aged states, north eastern states and union territories categories respectively. The index ranks … Read more
Plus, RTAs mess up the duty structure. Ideally, duties should be lowest for raw materials, higher for intermediates and highest for finished goods, with a complication of figuring out which item is what. Synopsis Can one unambiguously conclude that all RTAs lead to trade-investment creation? No. The answer is empiricaland depends on specifics of the … Read more