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Showing posts with the label GDP GROWTH

India coronavirus dispatch: Why heart surgeries have got scaled back

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Here is a selection of important Covid-19 -related articles in Indian news publications. From the informal Indian economy in the time of a pandemic, to making cities liveable for migrants after lockdown, and why Mumbai is still struggling to cope with coronavirus — read these and more in today’s India dispatch. Migrant labourers are the most disenfranchised invisible citizens: For a majority of migrant labourers, migration is either a livelihood accumulation strategy or survival risk-reducing strategy, whichever way we define the nature of migration. Migration studies also confirm that migrant labourers are the most exploited and disenfranchised invisible citizens. Read this interview with political scientist Ashwani Kumar, whose forthcoming co-edited book Migration and Mobility is to be out soon. Kumar speaks on migration, inter-state workers and amendment to the Inter-State Migrant Workers Act, 1979. Read More

RBI lowers FY20 growth forecast to 7% over slowdown in investment activity

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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. In the April monetary policy, the growth of Gross Domestic Product (GDP) 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. Data for January-March quarter 2018-19 indicate that domestic investment activity has weakened and overall demand has been weighed down partly by slowing exports, the RBI said after the meeting of the Monetary Policy Committee (MPC), which decides on key policy rates. Weak global demand due to escalation in trade wars may further impact India's exports and investment activity, it added. Further, private consumption, especially in rural areas, has weakened in recent months. However, on the positive side, political stability, high capaci