economy in india Archives

Centre Ignores Inflation: A Dangerous Sign For Nation’s Future

Isha PoddarJune 24, 20220

The Reserve Bank of India (RBI) is in inflation pointing central bank. Legally, RBI needs to check on inflation. The central bank expects the economy to increase by 7.5%, less than the IMF estimate of 9%. Economic growth has suffered a lot and will suffer more because of the nascent recovery hit by the COVID-19 wave, both at the international levels. The expenditure that the government is making is not high enough to provide a massive boost to the economy. Private consumption, which holds the key to growth, also went below the pre-pandemic levels and showed no sign of improving. RBI is hopeful the government-invested capital will make a massive difference in the coming time. The previous experience does not support this hope or expectation. The central bank believes that the reta...

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Pace Of Economic Growth Is Weakening Day By Day: P Chidambaram

Arpita SarkarJune 4, 20220

The former Finance Minister P Chidambaram has accused the Modi government of slowing down the pace of economic growth, despite its "promise" to turn the economy around. The growth rate for the last three months of the last fiscal year, from January to March, was only 4.1 percent according to the official figures released on Tuesday. Today, Chidambaram said, the most shocking data is that the quarterly growth rate in 2021-22 has gradually come down to 20.1%, 8.4%, 5.4% to 4.1%. This statistic says that the economy is slowing down. There is no sign of the economy turning around as promised by the government. The Modi government's finance ministry claimed that in 2021-22, GDP had reached the previous level of Covid. According to Chidambaram, the GDP of 2021-22 is only slightly highe...