The quality of economic growth matters more than the rate
The mantra of Simplify, Rationalise and Digitise works not just for Ease of Doing Business, but also to protect the right of workers – this is the key reform that must be implemented across the board by governments at every level Sumita Kale
Representative image
2020 will stand out in history as the year that stalled the world. Borders closed, priorities and expectations were rejigged, and the fragility of lives and livelihoods was exposed. While there has been much speculation of the shape of the recovery in India, the economy came out through the lockdown faster than expected. This was thanks to the rural economy holding up with a good monsoon, sufficient labour - ironically from migrants returning home, and stimulus from the PM Kisan Yojana, Pradhan Mantri Garib Kalyan Package, MGNREGA etc.
Moneycontrol Pro Weekender | ‘Tis the season to be jolly
The growth bounceback expected in the last quarter of this year may be stronger than postulated under baseline assumptions, says an RBI report December 26, 2020 / 12:57 PM IST
People wearing protective face masks wait for passengers to arrive at Chhatrapati Shivaji Maharaj International Airport after India cancelled all flights from the UK over fears of a new strain of the coronavirus disease (COVID-19), in Mumbai. (Image: Reuters)
Dear Reader,
In keeping with the sentiments of the season, the Reserve Bank of India’s assessment of the state of the economy this month is relentlessly ebullient. It waxes lyrical in unguarded moments sample, for instance, this description of the Indian economy ‘breaking out amidst winter’s lengthening shadows towards a place in the sunlight’ or the discovery that ‘important forces are conspiring to bless this turning of the page on the virus’.
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Indian economy recovering fast, growth to turn positive in third quarter: RBI
The economy is coming out of the COVID-19 pandemic s deep abyss faster than most of the predictions, and the growth will enter positive zone in the third quarter of the current financial year, said an article on the state of economy in the RBI Bulletin. More evidence has been turned in to show that the Indian economy is pulling out of COVID-19 s deep abyss and is breaking out amidst winter s lengthening shadows towards a place in the sunlight. It is reflating at a pace that beats most prediction, said the article written by the officials of the Reserve Bank of India (RBI).
Impacted by the coronavirus pandemic, the Indian economy dipped by a historic 23.9 per cent in the first quarter of the current financial year. The contraction narrowed down to 7.5 per cent in the second quarter., , Economy Recovering, Reserve Bank of India (RBI), COVID-19 Pandemic