“Weakening consumer demand is because of increased GST on biscuits and worsened by the absence of adequate government stimulus.”
Tag: economic slowdown
New Series: Preparing For The Next Crisis
In 2007 the left was not prepared to respond to the crisis. This time it must be different
RBI Lowers Economic Growth Forecast to 7% for FY20
“GDP growth for 2019-20 is revised downwards from 7.2 per cent in the April policy to 7.0 per cent in the range of 6.4-6.7 per cent for H1 and 7.2-7.5 per cent for H2,” the RBI said.
New Labour Force Survey Confirms Unemployment Rate at 6.1 Per Cent in 2017-18
The joblessness among male on all-India basis was 6.2 per cent, while it was 5.7 per cent in case of females.
GDP Growth Slows to 5-yr Low; Unemployment Rate at 45-year High
The GDP in the fourth quarter of the fiscal ending March 2019 was 5.8 per cent, lower than 6.4 per cent growth posted by China in January-March 2019 quarter.
Income Tax E-filers Drop by Over 6.6 Lakh in FY19: Official Data
“If the filings are indeed plateauing, it will be a worry for the fiscal which has seemingly shifted its focus to compensatory expenditure,” said Kotak Economic Research.
BJP’s ‘Ali-Bajrangbali’ Narrative Won’t Work, Country Will Have UPA Govt on May 23: Sachin Pilot
“The kind of venom, the violence that we see, and the kind of acrimony that we have witnessed in the last five years, is unacceptable,” he said.
Economy In Tailspin: Not Just Maruti, Hero Moto, Honda & Royal Enfield Also Slashing Production
While Maruti has announced cutting down production by 26.8%, the two-wheeler companies are slashing production by 15%.
More Than a Chowkidar, India Needs a Plumber to Fix the Leaking Economy, a Carpenter to Build New Jobs: Jayant Chaudhary
He slammed the BJP government for starting #MainBhiChowkidar campaign on Twitter.
Reuters Survey Predicts Indian Economy to Slow Down Shortly
Per the report, should the forecasts hold, India is likely to post its slowest growth in five quarters.
Financial Conditions Very Tight, Should Brace Ourselves for Economic Slowdown: Former CEA Arvind Subramanian
“The financial system is under stress, financial conditions are very tight. This is not conducive for rapid growth,” he said.