India’s GDP contracted nearly 24% in the April-June quarter of 2020 (compared with the same quarter in 2019). While this is the outside edge of most estimates, it is likely to be an underestimate, as unorganised sector data is not fully accounted for. Furthermore future revisions will likely be downwards as data from a larger …
Continue reading Did the lockdown lead to the GDP shocker? Not quite.
In a Forbes magazine article that caused a happy stir in right-wing social media, Harry G. Broadman argued that Prime Minister Narendra Modi’s “governing prowess” had “boosted India’s GDP growth” and “produced sizeable increases of inflows of foreign direct investment (FDI)”. He stated that the reforms implemented by Modi in his first three years were …
In a 13 Feb 2016 speech at the recent Make in India jamboree in Mumbai, Prime Minister Narendra Modi took credit for many economic achievements. These included India's climb in various World Bank and UN indices, and all-time records in coal and vehicle production, software exports and cargo handling by ports. The claims were taken from the BJP's …
The economic record of the United Progress Alliance (UPA) is a major election issue, and the Bharatiya Janata Party (BJP) is making the case that weak leadership and a welfarist ideology led the UPA to fritter away India's economic future. At a press conference earlier today, BJP leader and former Finance Minister Yashwant Sinha posed 18 …
Chunauti 