Category Archives: Economy

‘2017-18 was a defining year for Indian economy’

UPA v/s NDA: Qualitative difference However, if one goes into comparison between where UPA had left the economic growth and the NDA’s performance, it does seem that GDP expansion in 2017-18 is officially estimated to be just 0.2 percentage point higher than 6.4 per cent handed down by the Manmohan Singh government in 2013-14, a period ridiculed for its so-called “policy paralysis”. In between, the NDA did push the growth… Read Article →

India becomes the sixth largest economy in the world: IMF

India has been declared the sixth largest economy in the world with a GDP of 2.6 trillion in 2017, as per the recently released report by Indian Monetary Fund (IMF). India displaced France to stand firm on this position, while the United States of America, China, Japan, Germany, and the United Kingdom are ahead in the race. HIGHLIGHTS FROM IMF REPORT: India has made progress on structural reforms in the… Read Article →

Is India’s Growth Bounce Big Enough?

The Indian economy has been short of good news recently. So the latest GDP growth figures, released on Wednesday, come as a bit of a relief: The economy grew at 7.2 percent in the last three months of 2017, slightly faster than expected. For the entire financial year — due to end on March 31 — the government’s statisticians now estimate growth of around 6.6 percent. This is lower than the… Read Article →