While other states had to deal with the challenge of a Covid-instigated economic slowdown, West Bengal had to additionally deal with the May 2020 Amphan supercyclone and its disastrous economic impact. Synopsis But while Kerala’s budget shows a contraction, West Bengal shows a sharp 8% growth in nominal GDP, against a 4.2% contraction for India. … Read more
The positive story of the rural sector has softened the pandemic-induced blow to the economy so far, said economists, but the “only silver lining” in the ongoing fiscal year is unlikely to move the needle any further. While improvements in rural demand will increase the sector’s share in quarterly figures of gross domestic product, those … Read more
The Indian economy is poised to reach pre-pandemic levels by the end of this year based on the trends observed so far, barring the incidence of a second wave that may be triggered by the fatigue with social distancing, the finance ministry said in its monthly economic report for October. Further, the Centre expects fiscal … Read more
By Jeffrey Gettleman SURAT, India — The hit that India’s dreams have taken from the coronavirus pandemic can be found in the hushed streets of Surat’s industrial zone. You can see it in textile mills that took generations to build but are now sputtering, eking out about one-tenth of the fabric they used to make. … Read more
The government has to step in and invest massively in ongoing and shovel-ready infrastructure projects, such asthe Delhi-Mumbai Industrial Corridor townships, to boost economic recovery. But there is plenty the government can do to induce growth without spending money.One, stop patronising power theft and offering free, unmetered supply. The power sector’s problems are less about … Read more