India's economic growth in Oct-Dec 6.4-6.9%, lowest in 5 years: Reuters survey

By A Representative
In what may prove to be a major embarrassment to Prime Minister Narendra Modi, top international news agency Reuters has created a flutter by saying that it's survey of economists suggests India's growth rate slipped to 6.9 percent annually in the October-December quarter.
Pointing out that it would be the "slowest growth in five quarters, making it harder for Prime Minister Narendra Modi’s BJP to persuade voters that government policies were delivering economic success", Reuters' estimate comes one day ahead of the Government of India is scheduled to release the second advance estimates for fiscal 2018-19.
According to Reuters, "Weaker domestic and external demand were key factors behind the economists expectations of sub-7 percent growth. India would still be growing faster than China’s 6.4 percent growth in the same quarter, but its economy has decelerated from the more than two-year high of 8.2 percent growth posted in the April-June quarter."
“The economic growth slowed in December quarter following weaker consumption as reflected by auto sales and slowdown in credit after a crisis in non-banking financial company sector,” Reuters quotes A Prasanna, chief economist at ICICI Securities Primary Dealership in Mumbai, to say. He adds, "Economic growth in December quarter could fall to as low as 6.4 percent."

Comments

Sardar made up his mind on Pakistan in Dec 1946 "before" Mountbatten's Partition Plan

By Hari Desai* One has to be extra cautious while dealing with the history of towering personalities of the Indian freedom struggle, especially that of Sardar Vallabhbhai Patel (October 31, 1875 - December 15, 1950). Present-day politicians prefer to "pronounce” on his life and quote him according to their convenience like a blind person describing an elephant.

To Sonam Wangchuk: 'Will undertake 70 hour solidarity fast in Gujarat'

By Martin Macwan * Dear Colleague Sonam Wangchuk, I have never met you personally. I wrote a short article at the time of your arrest. Your work correctly introduces you. There is truth in your words. You have embarked on a fast, following the footsteps of Gandhiji. Your intention is to make people think. Your demand is reasonable; I believe that the resignation of a single education minister will not improve the state of education in India. However, the question you have raised is extremely important for the future generation of the marginalized. Education is the key to power, development, and progress, which empowers a citizen.

Remembering Rampur ka Tiraha: State violence and the birth of Uttarakhand’s struggle

By Vidya Bhushan Rawat* In the turbulent political landscape of the early 1990s, India witnessed events that reshaped its social and regional equations. After the Babri Masjid demolition in 1992, Uttar Pradesh politics shifted dramatically, bringing the Samajwadi Party–Bahujan Samaj Party coalition to power in 1993 under Mulayam Singh Yadav. But the partnership was uneasy. Mulayam was never entirely comfortable playing the “Mandal card.” While Kanshi Ram and the BSP had consistently demanded the implementation of the Mandal Commission recommendations, Mulayam hesitated, wary of how the move might play out.

Counterview

Search This Blog