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Make law to allocate 6% of GDP to education, says Sisodia

Speaking at the special meeting of Central Advisory Board of Education (CABE) convened by the Union HRD Ministry to discuss and finalise the National Education Policy, the Aam Aadmi Party (AAP) leader demanded that the Centre should make a law to allocate 6 per cent of GDP to education.
Make law to allocate 6% of GDP to education, says Delhi Education Minister Sisodia.(Hindustan Times)
Make law to allocate 6% of GDP to education, says Delhi Education Minister Sisodia.(Hindustan Times)
Published on Sep 22, 2019 12:03 PM IST
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New Delhi | By Asian News International

Recession, slowdown or tough days? Nirmala Sitharaman’s blunt response

The economic downturn has become a sticky political issue ahead of assembly elections in Maharashtra, Haryana and Jharkhand.
As Nirmala Sitharaman responded to a barrage of questions on the stimulus that could cost the exchequer Rs 80,000 crore, there was one question that asked Sitharaman how she would describe the current state of the economy.(raj K Raj/ HT Photo)
As Nirmala Sitharaman responded to a barrage of questions on the stimulus that could cost the exchequer Rs 80,000 crore, there was one question that asked Sitharaman how she would describe the current state of the economy.(raj K Raj/ HT Photo)
Updated on Jun 29, 2020 09:58 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

‘Acknowledging problem is good start’: Rahul Gandhi disses government on economy

The Indian economy is seeing a slowdown with the gross domestic product (GDP) growth dipping to 5% in the quarter ended June.
Rahul Gandhi(Twitter)
Rahul Gandhi(Twitter)
Updated on Jun 28, 2020 05:19 PM IST
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Education leads to happiness and is as important as GDP of a country: Pranab Mukherjee

Speaking at the launch of Delhi’s Deputy Chief Minister Manish Sisodia’s book titled ‘Shiksha’, Mukherjee lauded him for writing for the ordinary teachers, practitioners of education and scholars.
Delhi Chief Minister Arvind Kejriwal, Deputy Chief Minister Manish Sisodia and former President Pranab Mukherjee during the release of Sisodia’s book ‘Shiksha,’ at NDMC Convention Centre, in New Delhi, India, on Thursday(Raj K Raj/HT PHOTO)
Delhi Chief Minister Arvind Kejriwal, Deputy Chief Minister Manish Sisodia and former President Pranab Mukherjee during the release of Sisodia’s book ‘Shiksha,’ at NDMC Convention Centre, in New Delhi, India, on Thursday(Raj K Raj/HT PHOTO)
Updated on Sep 06, 2019 09:23 AM IST
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New Delhi | By Press Trust of India

Why demand for power is surging amid India’s growth slowdown

Power requirement growth in the nation’s most industrialized states decelerated in the April-July period, as demand from businesses cooled in line with the broader slowdown in Asia’s third-largest economy.
Consumption of electricity during the April-July period grew 2.4% from a year earlier.(Getty Images/iStockphoto)
Consumption of electricity during the April-July period grew 2.4% from a year earlier.(Getty Images/iStockphoto)
Updated on Sep 04, 2019 01:33 PM IST
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Bloomberg | By Rajesh Kumar Singh and Debjit Chakraborty

Why the 2019 economic slowdown is different from 2012-13 | Analysis

Inflation was very high during the earlier slowdown compared to what it is now. This is the case even if one excludes food and fuel inflation, which plots GDP growth and core inflation (inflation excluding food and fuel).
While a real economy is infinitely more complex, the thumb rule holds. A low-growth, low-inflation situation is more likely to reflect a demand-side problem while a low-growth, high-inflation situation is likely to be the result of a supply-side problem.(HT FILE)
While a real economy is infinitely more complex, the thumb rule holds. A low-growth, low-inflation situation is more likely to reflect a demand-side problem while a low-growth, high-inflation situation is likely to be the result of a supply-side problem.(HT FILE)
Updated on Sep 04, 2019 08:59 AM IST
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Hindustan Times, New Delhi | By Roshan Kishore

Sensex tanks over 750 points after poor core sector growth, GDP numbers

The domestic equity benchmark BSE Sensex was down by around 770 points while the broader NSE Nifty fell by over 225 points.
Tuesday was the first day of business after the poor GDP and core sector growth numbers over the last few days. The markets were closed on Monday for Ganesh Chaturthi.(REUTERS)
Tuesday was the first day of business after the poor GDP and core sector growth numbers over the last few days. The markets were closed on Monday for Ganesh Chaturthi.(REUTERS)
Updated on Sep 23, 2020 08:03 PM IST
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Mumbai | By HT Correspondent

Indian bonds rally as weak GDP spurs rate cut bets

The rupee weakened past 72 mark tracking fall in emerging market currencies. The 10-year bond opened at 6.495% down 6 basis points.
The currency opened at 71.97 and touched a low of 72.07.(iStock photo)
The currency opened at 71.97 and touched a low of 72.07.(iStock photo)
Updated on Sep 03, 2019 10:07 AM IST
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livemint, Mumbai | By Ravindra N. Sonavane

How steel prices affect GDP data

The movement in the investment rates including the surge during 2003–08 and the slide during 2012–17, are rooted in fluctuations in steel prices, says new study.
GFCF as estimated by the Ministry of Statistics and Programme Implementation is heavily swayed by a single factor: the price of steel.(Bloomberg photo)
GFCF as estimated by the Ministry of Statistics and Programme Implementation is heavily swayed by a single factor: the price of steel.(Bloomberg photo)
Updated on Aug 26, 2019 02:10 PM IST
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livemint | By Nikita Kwatra

What should be done to revive economic growth?

Increasing spending is the key to a stronger economy and policies which incentivise government employees to advance their spending decisions can give a big boost to demand.
If food prices continue to be depressed for a long time, rural demand will be difficult to revive. A widening of the food security programme in India, which moves beyond cereals and focuses on sectors such as horticulture and dairy, can give a boost to demand for these food items.(Reuters File Photo)
If food prices continue to be depressed for a long time, rural demand will be difficult to revive. A widening of the food security programme in India, which moves beyond cereals and focuses on sectors such as horticulture and dairy, can give a boost to demand for these food items.(Reuters File Photo)
Updated on Aug 18, 2019 08:52 AM IST
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Hindustan Times, New Delhi | By Roshan Kishore

‘Recession knocking at Indian economy’s door’, predicts Bengal finance minister

West Bengal finance minister Amit Mitra said the masses are stressed out, with GDP growth hovering at its lowest ebb in five years, and manufacturing, capital goods and index of industrial production all coming under pressure.
West Bengal finance minister Amit Mitra on Saturday predicted that a deep depression is staring at the Indian economy.(PTI File Photo)
West Bengal finance minister Amit Mitra on Saturday predicted that a deep depression is staring at the Indian economy.(PTI File Photo)
Updated on Aug 11, 2019 08:38 AM IST
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Kolkata | By Indo Asian News Service

PM advisory body’s caustic rebuttal on GDP rate row, says more coming

Subramanian, in a paper, said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17 due to a change in methodology.
The Economic Advisory Council said will examine in detail the estimates made in Arvind Subramanian’s paper.(HT photo)
The Economic Advisory Council said will examine in detail the estimates made in Arvind Subramanian’s paper.(HT photo)
Updated on Jun 12, 2019 05:32 PM IST
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New Delhi | By HT Correspondent

Government rejects ex-CEA’s contention on GDP; says right methodology followed

The ministry said the Base Year of the GDP Series was revised from 2004-05 to 2011-12 and released on January 30, 2015 after adaptation of the sources and methods in line with the SNA 2008.
The government on Tuesday rebutted former Chief Economic Adviser Arvind Subramanian’s contentions regarding over-estimation of the GDP data.(HT File Photo)
The government on Tuesday rebutted former Chief Economic Adviser Arvind Subramanian’s contentions regarding over-estimation of the GDP data.(HT File Photo)
Published on Jun 11, 2019 10:08 PM IST
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New Delhi | By Indo Asian News Service

GDP growth 6.6% in Q3, slowest in five quarters

The Gross Domestic Product (GDP) at constant prices (2011-12) had grown at 7 per cent in October-December quarter of the previous financial year.
According to the statement, GDP growth during 2018-19 is estimated at 7 per cent as compared to 7.2 per cent in 2017-18.(AFP)
According to the statement, GDP growth during 2018-19 is estimated at 7 per cent as compared to 7.2 per cent in 2017-18.(AFP)
Updated on Feb 28, 2019 11:41 PM IST
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New Delhi | By Asit Ranjan Mishra

RBI makes surprise cut in interest rate, home loans could get cheaper

The four of the six members of the monetary policy committee voted to cut rates while all six voted for a change in the stance.
The Reserve Bank of India on Thursaday cut the repo rate by 25 basis points to 6.25 percent and pegged the GDP for 2019-20 at 7.4 per cent.(REUTERS)
The Reserve Bank of India on Thursaday cut the repo rate by 25 basis points to 6.25 percent and pegged the GDP for 2019-20 at 7.4 per cent.(REUTERS)
Updated on Feb 07, 2019 12:37 PM IST
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Hindustan Times, New Delhi | By HT Correspondent

Panel may seek study on impact of demonetisation

The government justified the recall of old, high-value banknotes on grounds that it would help unearth black money and fake currency and curb terror financing. Later, it said the move would help shift India to a less-cash economy by promoting digital transactions.
According to the new GDP series with 2011-12 as the base year, the economy grew 7.3% in the first four years of the NDA government.(Bloomberg photo)
According to the new GDP series with 2011-12 as the base year, the economy grew 7.3% in the first four years of the NDA government.(Bloomberg photo)
Published on Jan 21, 2019 07:02 AM IST
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Hindustan Times, New Delhi | By HT Correspondent

May need more currency as GDP size increasing, says RBI official

The RBI official said there has been a decline in counterfeit notes post-demonetisation and whatever is in circulation at present is “very crude counterfeiting”.
With the country’s GDP size increasing in quantitative terms, there could be need for more currency in the economy, a Reserve Bank of India official said Thursday.(Reuters Photo)
With the country’s GDP size increasing in quantitative terms, there could be need for more currency in the economy, a Reserve Bank of India official said Thursday.(Reuters Photo)
Updated on Jan 17, 2019 04:41 PM IST
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Kolkata | By Press Trust of India

Govt to meet fiscal deficit target of 3.3%: Arun Jaitley

The government has budgeted to contain fiscal deficit at 3.3 per cent of the GDP in the current fiscal, lower than 3.5 per cent in 2017-18.
Union finance minister Arun Jaitley addresses a press conference after GST Council meeting, in New Delhi on December 22.(PTI Photo)
Union finance minister Arun Jaitley addresses a press conference after GST Council meeting, in New Delhi on December 22.(PTI Photo)
Updated on Dec 22, 2018 08:34 PM IST
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New Delhi | By Press Trust of India

Note ban slowed down GDP by 2% points in Q4 2016, says economist Gita Gopinath

Gita Gopinath co-authored the research paper titled ‘Cash And The Economy: Evidence From India’s Demonetisation’.
India-born Harvard professor Gita Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.(economics.harvard.edu)
India-born Harvard professor Gita Gopinath, 46, is set to take charge as the chief economist at the International Monetary Fund (IMF) next month.(economics.harvard.edu)
Updated on Dec 19, 2018 09:28 AM IST
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New Delhi | By Press Trust of India

India to increase public health spending to 2.5% of GDP: PM Modi

Prime Minister Narendra Modi speaks with the media inside the parliament premises on the first day of the winter session, in New Delhi.(REUTERS)
Prime Minister Narendra Modi speaks with the media inside the parliament premises on the first day of the winter session, in New Delhi.(REUTERS)
Updated on Dec 12, 2018 04:22 PM IST
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Press Trust of India | By Press Trust of India

Expect India’s real GDP to grow 7.2% in FY 18-19, says Moody’s

It said the outlook on Indian banks was stable due to the strength of the economy and weak but steady asset quality.
A farmer winnows paddy crops at a field on the outskirts of Agartala, the capital of the northeastern state of Tripura, on December 2, 2018.(AFP)
A farmer winnows paddy crops at a field on the outskirts of Agartala, the capital of the northeastern state of Tripura, on December 2, 2018.(AFP)
Updated on Dec 03, 2018 10:13 AM IST
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New Deli | By Press Trust India

Why resolving India’s farm crisis is important

Economic reforms have failed to address the asymmetry between agriculture’s high share in employment and low share in GDP.
Participating farmers in the Kisan Mukti March, in New Delhi, Friday, Nov. 30, 2018. Farmers from 24 states have joined the protest to press for their demands, including debt relief and remunerative prices for their produce.(PTI)
Participating farmers in the Kisan Mukti March, in New Delhi, Friday, Nov. 30, 2018. Farmers from 24 states have joined the protest to press for their demands, including debt relief and remunerative prices for their produce.(PTI)
Updated on Dec 01, 2018 12:23 PM IST
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Hindustan Times | By Roshan Kishore, New Delhi

Not much relief for govt in CPI data

Falling food inflation and stagnant core inflation could pose dual challenge for government in an election year
Much of the decline in CPI is due to the fall in food inflation.(Reuters File Photo)
Much of the decline in CPI is due to the fall in food inflation.(Reuters File Photo)
Updated on Sep 15, 2018 03:48 PM IST
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Hindustan Times, New Delhi | By Roshan Kishore

At 8.2%, GDP grows at its quickest pace in 2 years

Govt hails structural reforms after manufacturing boost.
Sector-wise growth figures for GVA show that manufacturing and construction have registered the biggest improvements.(Reuters File Photo)
Sector-wise growth figures for GVA show that manufacturing and construction have registered the biggest improvements.(Reuters File Photo)
Updated on Aug 31, 2018 11:34 PM IST
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Hindustan Times, New Delhi | By Roshan Kishore

India, 9 other Asian economies to pull ahead of US in terms of GDP by 2030: Report

A DBS report said Asia’s 10 major economies, including India, will grow robustly but cautioned that factors such as unemployment in the youth would be social and political challenge.
According to the DBS, Asia has a bright economic future, however, all Asian economies face some common issues — climate change, rising inequality, worsening environment for trade, and technological disruption that can drag growth numbers.(AFP)
According to the DBS, Asia has a bright economic future, however, all Asian economies face some common issues — climate change, rising inequality, worsening environment for trade, and technological disruption that can drag growth numbers.(AFP)
Updated on Jul 22, 2018 11:10 AM IST
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New Delhi | By Press Trust of India

Breaking down India’s non-agricultural workforce

According to the 2011 census, 45% of India’s total workers are employed in the non-agricultural sector. This number excludes those who work as either cultivators or agricultural labourers
Workers on a construction site at Bhendi Bazar, in Mumbai.(HT File Photo)
Workers on a construction site at Bhendi Bazar, in Mumbai.(HT File Photo)
Updated on Jun 18, 2018 10:46 AM IST
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Hindustan Times, New Delhi | By Roshan Kishore

Important measures needed for economic growth rate to reach double digits, says PM Modi at Niti Aayog council meet

The prime minister also assured the chief ministers of flood-affected states of providing all central assistance to deal with the situation.
Prime Minister Narendra Modi at the fourth Governing Council meeting of Niti Aayog.(@narendramodi/Twitter)
Prime Minister Narendra Modi at the fourth Governing Council meeting of Niti Aayog.(@narendramodi/Twitter)
Updated on Jun 17, 2018 01:35 PM IST
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Press Trust of India, New Delhi | By Press Trust of India

India’s economy will sustain growth of 7.5 to 8% per year, says PM Modi

India keeps its economic growth forecast for the current fiscal unchanged at 7.5%, buoyed by turnaround in manufacturing and pick up in investment.
Prime Minister Narendra Modi delivers the keynote address at the IISS Shangri-la Dialogue in Singapore June 1, 2018.(Reuters Photo)
Prime Minister Narendra Modi delivers the keynote address at the IISS Shangri-la Dialogue in Singapore June 1, 2018.(Reuters Photo)
Updated on Jun 01, 2018 09:51 PM IST
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Press Trust of India, Singapore | By Press Trust of India

GDP revisions, calculation methods are‘confusing’, say RBI economists

Over the past few years, multiple changes have been made to how India uses and calculates statistics -- from economic growth and inflation to jobs and taxes. This has sparked a debate on credibility about government data once hailed for its rigour.
An RBI study found there were substantial upward revisions in the years coinciding with the ‘upturns’ in the economy, and a huge downward revision around the time of the global financial crisis in 2008 and 2009.(Ramesh Pathania/Mint)
An RBI study found there were substantial upward revisions in the years coinciding with the ‘upturns’ in the economy, and a huge downward revision around the time of the global financial crisis in 2008 and 2009.(Ramesh Pathania/Mint)
Updated on May 03, 2018 12:57 PM IST
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Bloomberg | By Anirban Nag

GDP expected to reach $5 trillion by 2025, says economic affairs secretary

India is poised to remain the fastest growing large economy in the world as the economic reforms adopted in the last few years have started to bear fruit, the top official has told the World Bank.
In 2018, India is expected to grow at over 7.4%.(File photo)
In 2018, India is expected to grow at over 7.4%.(File photo)
Updated on Apr 22, 2018 01:08 PM IST
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Press Trust of India, Washington | By Press Trust of India
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