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gross domestic product

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The report was released by the National Statistical Office (NSO) on March 10. The latest PLFS numbers also show that the rise in unemployment rate might not capture the entire stress in labour markets.(Reuters/ File photo)

Never-ending fragility grips Indian workforce

By Abhishek Jha, Hindustan Times, New Delhi
UPDATED ON MAR 12, 2021 09:45 AM IST
The June quarter numbers capture the period of the hard lockdown, and things have improved since then, as can be seen from the GDP numbers.
Adjusted for calendar effects, the economy shrank by 5.3% last year, a much smaller contraction than in many other European countries, helped by a strong fiscal response to the damage caused by the Covid-19 pandemic.(REUTERS)
Adjusted for calendar effects, the economy shrank by 5.3% last year, a much smaller contraction than in many other European countries, helped by a strong fiscal response to the damage caused by the Covid-19 pandemic.(REUTERS)

Strong exports, construction boost German economy in fourth quarter

Reuters | , Berlin
PUBLISHED ON FEB 24, 2021 02:57 PM IST
The Federal Statistics office, which previously had reported a 0.1% expansion over the previous quarter, also revised upward its 2020 full-year GDP figure for Europe's largest economy to -4.9% from -5.0%.
The emergence of yet more contagious Covid-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery.(AP)
The emergence of yet more contagious Covid-19 variants with the potential to evade vaccine-derived immunity present a major risk to this recovery.(AP)

India's economic recovery is gaining steam: S&P

ANI | , Singapore
PUBLISHED ON FEB 16, 2021 12:27 PM IST
India needs many things to be right for its recovery to continue. Most significantly, the country needs to quickly and thoroughly vaccinate most of its 1.4 billion people.
Covid-19 has taught all governments many lessons. But the most important one will be this: The strength of our social safety net will determine the heights the Indian economy will scale.(PTI)
Covid-19 has taught all governments many lessons. But the most important one will be this: The strength of our social safety net will determine the heights the Indian economy will scale.(PTI)

Only a strong social security net can ensure economic growth

By Jasmine Shah
UPDATED ON JAN 04, 2021 09:13 PM IST
The economic response of the Aam Aadmi Party government in Delhi has focused primarily on the poor and created the closest equivalent of a universal social safety net anywhere in India
The manufacturing sector recorded a positive growth of 0.6%.(AFP)
The manufacturing sector recorded a positive growth of 0.6%.(AFP)

India now in technical recession: Check how sectors fared in Q2 as compared to Q1

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Kunal Gaurav
PUBLISHED ON NOV 27, 2020 09:16 PM IST
According to the Ministry of Statistics & Programme Implementation, agriculture, forestry and fishing, manufacturing, and electricity, gas, water supply and other utility services witnessed positive growth between July-September.
The consumption of flat steel and long steel was down by only 5% and 10% respectively in August as against 43% and 15%, respectively, in June.(AP)
The consumption of flat steel and long steel was down by only 5% and 10% respectively in August as against 43% and 15%, respectively, in June.(AP)

How India’s economy is recovering rapidly from the pandemic

By Gajendra Singh Shekhawat
PUBLISHED ON OCT 28, 2020 06:44 PM IST
The overall economic package of 20 lakh crore, that is, 10% of India’s Gross Domestic Product (GDP) became the financial spine for a self-reliant India. The government’s effort has been to fight back and not just soldier on through the pandemic.
Rahul Gandhi.(PTI)
Rahul Gandhi.(PTI)

Rahul Gandhi attacks Modi govt over Covid-19 management, GDP decline, job losses

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 12, 2020 01:03 PM IST
The Congress has been attacking the Prime Minister and his government for “failing to control” the spread of the coronavirus disease, with India surpassing Brazil to record the second-highest number of Covid-19 cases in the world
The key to widening India’s income tax base is in keeping the exemption threshold unchanged over many years, not in harassing the 3% of working Indians that fall within the tax ambit(ARVIND YADAV/HTPHOTO)
The key to widening India’s income tax base is in keeping the exemption threshold unchanged over many years, not in harassing the 3% of working Indians that fall within the tax ambit(ARVIND YADAV/HTPHOTO)

The myth of India’s low income tax base

By Praveen Chakravarty
UPDATED ON SEP 02, 2020 12:56 PM IST
Given India’s GDP and per capita income data, and the tax threshold, its taxpayer base is right
File photo of Congress leader Rahul Gandhi.
File photo of Congress leader Rahul Gandhi.

‘Modi hai toh Mumkin hai’, tweets Rahul Gandhi. It is a jibe

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Ashutosh Tripathi
UPDATED ON AUG 12, 2020 02:24 PM IST
Rahul Gandhi - through a tweet a day, video messages - has been attacking the government over a host of issues. The latest one is over the GDP warning by Narayana Murthy.
The problem is not China, but Xi Jinping. He needs to be reminded of the Mao dictum on the sources of power(AP)
The problem is not China, but Xi Jinping. He needs to be reminded of the Mao dictum on the sources of power(AP)

A blueprint to counter CCP and Xi

By Abhishek Singhvi
UPDATED ON AUG 10, 2020 07:40 PM IST
It is time to plant the fear of India in China. Use military, diplomatic, economic options vigorously
India has been proactive in assessing and dealing with the challenges caused by the pandemic. Saving lives has been our foremost priority(ANI)
India has been proactive in assessing and dealing with the challenges caused by the pandemic. Saving lives has been our foremost priority(ANI)

How India has responded to the global pandemic, writes Harsh Vardhan Shringla

By Harsh Vardhan Shringla
UPDATED ON JUL 08, 2020 07:50 AM IST
Whether in diplomacy or economy, whether in society or policymaking, we have been learning new lessons
A mountain strike corps to create a deterrent capability is imperative(AP)
A mountain strike corps to create a deterrent capability is imperative(AP)

The mistaken Chinese calculation | Analysis

By Bikram Singh
UPDATED ON JUL 02, 2020 08:14 PM IST
Its economy is shrinking; PLA isn’t fully prepared; anti-China sentiment is high; India will be resolute
Travel and tourism has employed more than 42 million people in India or accounted approximately for 8.1% of the total employment opportunities. Last year, it contributed 9.3% to India’s Gross Domestic Product (GDP), and received 5.9% of total investments(Getty Images/iStockphoto)
Travel and tourism has employed more than 42 million people in India or accounted approximately for 8.1% of the total employment opportunities. Last year, it contributed 9.3% to India’s Gross Domestic Product (GDP), and received 5.9% of total investments(Getty Images/iStockphoto)

For tourism, here is an Incredible India 2.0 plan

By Amitabh Kant
UPDATED ON JUN 16, 2020 11:15 AM IST
The pandemic has affected the sector. But it has the potential to become the biggest employment generator
Spending on infrastructure even by printing money will reduce transaction costs and raise productivity. As Benjamin Franklin said, “You may delay but time will not.”(PARWAZ KHAN/HTPHOTO)
Spending on infrastructure even by printing money will reduce transaction costs and raise productivity. As Benjamin Franklin said, “You may delay but time will not.”(PARWAZ KHAN/HTPHOTO)

How India can come out of the recession stronger | Opinion

By Janmejaya Sinha
UPDATED ON JUN 08, 2020 10:21 PM IST
Enhance productivity; invest in skilling, digital infra, agriculture; and come up with a New Deal
Cars drive through Canadian customs after movement restrictions came into effect due to coronavirus disease in the border town of Cornwall, Ontario, in this file photo.(Reuters Photo)
Cars drive through Canadian customs after movement restrictions came into effect due to coronavirus disease in the border town of Cornwall, Ontario, in this file photo.(Reuters Photo)

Covid-19 impact: Canada’s GDP fell a record 11% in April

Hindustan Times, Toronto | By Anirudh Bhattacharya | Edited by: Amit Chaturvedi
UPDATED ON JUN 01, 2020 08:29 AM IST
Out of 20 industrial sectors, 19 had decline and the only sector to show growth was non-durable manufacturing.
Finance Minister Nirmala Sitharaman addresses a press conference at National Media Centre in New Delhi on Thursday.(PTI Photo)
Finance Minister Nirmala Sitharaman addresses a press conference at National Media Centre in New Delhi on Thursday.(PTI Photo)

Finance Minister Nirmala Sitharaman to announce third tranche of Centre’s economic package at 4 pm today

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON MAY 15, 2020 03:57 PM IST
Sitharaman has been announcing the tranches of the Rs 20 lakh crore package announced by Prime Minister Narendra Modi.
Senior Congress leader and former finance minister P Chidambaram(PTI)
Senior Congress leader and former finance minister P Chidambaram(PTI)

‘God save India’s economy’: Ex-FM Chidambaram on BJP lawmaker’s GDP remark

New Delhi | By Press Trust of India
UPDATED ON DEC 03, 2019 02:03 PM IST
Participating in a discussion in Lok Sabha on the Taxation Law Amendment Bill and a statutory resolution disapproving the ordinance on the same legislation, Dubey had said that the Gross Domestic Product (GDP) has no relevance and it should not be treated as ‘Bible, Ramayan and Mahabharat’.
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3 per cent. (HT photo)
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3 per cent. (HT photo)

April-October fiscal deficit stood at 102.4 % of budgeted target

New Delhi | By Reuters
UPDATED ON NOV 29, 2019 07:56 PM IST
Net tax receipts in the April-October period was 6.83 trillion rupees, while total expenditure was 16.55 trillion rupees, the data showed
Indian labourers carry a giant basket of vegetables to a wholesale market in Kolkata.(AP)
Indian labourers carry a giant basket of vegetables to a wholesale market in Kolkata.(AP)

GDP growth dips to 4.5 per cent in July-Sept, hits over 6-year low

New Delhi | By Press Trust of India
UPDATED ON NOV 29, 2019 07:26 PM IST
The previous low was recorded at 4.3 per cent in the January-March period of 2012-13. The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.
What is needed now are policy interventions for effecting structural changes in our skill development programmes, which, in turn, requires a paradigm shift in imparting education(Reuters)
What is needed now are policy interventions for effecting structural changes in our skill development programmes, which, in turn, requires a paradigm shift in imparting education(Reuters)

What the tax cut will achieve; what it won’t

By Kapil Sibal
UPDATED ON SEP 24, 2019 08:45 PM IST
There are positives. But India needs to do more on education, tech, exports, informal sector and farming
After plunging 770 points on Tuesday, the Indian equity indices opened in the red zone on Wednesday with both Sensex and Nifty down on global cues.(Reuters Image)
After plunging 770 points on Tuesday, the Indian equity indices opened in the red zone on Wednesday with both Sensex and Nifty down on global cues.(Reuters Image)

Markets open in red after Tuesday’s 770 point plunge

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 04, 2019 09:57 AM IST
The markets dropped on Tuesday, the first day of trading after Gross Domestic Product (GDP) data released on Friday put economic growth at a six-year low.
Sensex closed 769.88 points down. In percentage terms, the 2.06% fall is the highest since October 11, 2018 when the index fell 2.18%.(Reuters file photo)
Sensex closed 769.88 points down. In percentage terms, the 2.06% fall is the highest since October 11, 2018 when the index fell 2.18%.(Reuters file photo)

Sensex crashes 770 pts on slowing GDP growth

Hindustan Times, New Delhi | By Vineet Sachdev
PUBLISHED ON SEP 03, 2019 10:50 PM IST
Investors lost around 2.55 lakh crore (in terms of market value) on Tuesday, the first day of trading after Friday; Monday was a holiday for the markets.
The emphasis on ‘welfarism’ has created a constituency of beneficiaries of State-run programmes who don’t care about the GDP.(AFP)
The emphasis on ‘welfarism’ has created a constituency of beneficiaries of State-run programmes who don’t care about the GDP.(AFP)

Opinion: An open letter to PM Modi on the economy

UPDATED ON AUG 02, 2019 08:07 AM IST
The government needs to come clean on the fiscal crisis, and get business back on track
The National Democratic Alliance (NDA) government will seek fiscal consolidation without compromising on public spending, finance minister Nirmala Sitharaman said on Wednesday.(PTI)
The National Democratic Alliance (NDA) government will seek fiscal consolidation without compromising on public spending, finance minister Nirmala Sitharaman said on Wednesday.(PTI)

Economic growth, national security are priorities: FM

New Delhi | By HT Correspondent
PUBLISHED ON JUL 10, 2019 11:49 PM IST
Replying to a debate on the budget in the Lok Sabha, Sitharaman said there had been an increase in the allocation for almost every welfare programme targeted at sections ranging from women to scheduled castes and tribes.
Our approach should be that of building an ecosystem, not industrial islands. For the manufacturing sector to thrive, we would need connected and efficient value chains spanning raw material providers, technology providers, trained workforce at all levels, multi-speciality service providers, research and development centres and the crucial logistics infrastructure(Ramesh Pathania/MINT)
Our approach should be that of building an ecosystem, not industrial islands. For the manufacturing sector to thrive, we would need connected and efficient value chains spanning raw material providers, technology providers, trained workforce at all levels, multi-speciality service providers, research and development centres and the crucial logistics infrastructure(Ramesh Pathania/MINT)

Build an ecosystem, not just industrial islands

By Kishore Jayaraman
UPDATED ON JUN 13, 2019 06:37 PM IST
One big hurdle is the availability of the right kind of talent. Therefore, it is critical to reskill the existing workforce
The Reserve Bank of India Thursday lowered the economic growth forecast for the current fiscal to 7 per cent due to slowdown in domestic activities and escalation in global trade war.(Reuters Photo)
The Reserve Bank of India Thursday lowered the economic growth forecast for the current fiscal to 7 per cent due to slowdown in domestic activities and escalation in global trade war.(Reuters Photo)

RBI lowers growth forecast to 7% due to slowdown, global trade war

New Delhi | By Press Trust of India
UPDATED ON JUN 06, 2019 12:30 PM IST
In the April monetary policy, the growth of Gross Domestic Product for 2019-20 was projected at 7.2 per cent - in the range of 6.8-7.1 per cent for the first half of the fiscal and 7.3-7.4 per cent for the second part - with risks evenly balanced.
Economists have urged Finance Commission to prioritize efforts to develop a robust statistical system.(Diwakar Prasad/ Hindustan Times)
Economists have urged Finance Commission to prioritize efforts to develop a robust statistical system.(Diwakar Prasad/ Hindustan Times)

Economists urge Finance Commission to develop robust statistical system

By IANS
UPDATED ON MAY 10, 2019 09:34 AM IST
Several eminent economists, RBI officials have met members of the Finance Commission who are on a two-day visit to Mumbai. Quality of budgeting, revision of methodology towards counting of GDP by the Centre were other concerns raised by the economists.
France is often looked up to for its rich culture, beautiful monuments and a sophisticated way of life. It is of no surprise that France leads in the field of tourism with an estimated over 85 million tourists annually.(Shutterstock.com)
France is often looked up to for its rich culture, beautiful monuments and a sophisticated way of life. It is of no surprise that France leads in the field of tourism with an estimated over 85 million tourists annually.(Shutterstock.com)

Study in France: Here’s an update on the norms

By Nilesh Gaikwad
UPDATED ON MAY 01, 2019 07:46 PM IST
France is often looked up to for its rich culture, beautiful monuments and a sophisticated way of life. It is of no surprise that France leads in the field of tourism with an estimated over 85 million tourists annually.
Former PM Manmohan Singh said that Nyay scheme will usher in an era of minimum income guarantee in India, end poverty and restart the economic engine which has “come to a stop” under the present government.(Vipin Kumar/HT PHOTO)
Former PM Manmohan Singh said that Nyay scheme will usher in an era of minimum income guarantee in India, end poverty and restart the economic engine which has “come to a stop” under the present government.(Vipin Kumar/HT PHOTO)

Lok Sabha elections 2019| ‘No new tax for Nyay’: Manmohan Singh

New Delhi | By Indo Asian News Service
UPDATED ON APR 20, 2019 11:19 PM IST
In a statement, Singh said that implementation of Nyay, which aims to provide Rs 72,000 per family every year to the poorest 20% of population, would not entail any new tax on the middle class.
Prime Minister Narendra Modi(ANI file photo)
Prime Minister Narendra Modi(ANI file photo)

Opinion | We must question Narendra Modi on his election promises

By Rupa Subramanya
UPDATED ON APR 18, 2019 10:19 PM IST
If the BJP’s 2014 election campaign was marked by a narrative of hope, aspiration and change, its 2019 counterpart has been angry and polarising
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