Ministers of the BJP government are at pains to underscore that the fundamentals of the Indian economy are “strong”. investment, consumption, savings and employment constitute an economy’s fundamentals. in India’s case, all these parameters are signalling grave distress. A combination of poor policy choices with the continuous and systematic dismantling of India’s institutions has led to the current impasse. the slow meltdown of the Indian economy is a project that has now been in the works for five years.
India’s nominal GDP is $2.61 trillion and is growing at 5 percent—the slowest pace of growth in six years. the index of industrial Production of the manufacturing sector grew by 1.2 percent in June 2019, as compared to 6.9 percent in June 2018. the manufacturing sector’s growth during April-June 2019 was 3.1 percent as compared to 5.1 percent during the corresponding period of the previous year.
In July 2019, the production of eight core industries grew by 2.1 percent as compared to a growth of 7.3 percent recorded in July 2018. Production of eight core industries grew by 3 percent in April-July 2019 as compared to 5.9 percent in the corresponding period the previous year.
Consumption is an important indicator of the health of any economy. external consumption, or exports, had peaked in 2013-2014 at $314.88 billion, but reduced to $262.2 billion before recovering partially to $303.3 billion in 2017. Merchandise exports and imports (in Us$ terms) declined by 0.4 percent and 3.6 percent respectively in April-July 2019. in that period, oil imports declined by 5.7 percent and non-oil imports by 2.9 percent.
This has impacted India’s balance of payments. India’s current account deficit (CAD) was 2.1 percent of GDP (Us$ 57.2 billion) in 2018-19 as compared to 1.8 percent of GDP (Us$ 48.7 billion) in 2017-18. the widening of the CAD was primarily on account of higher trade deficit.
Denne historien er fra September 30, 2019-utgaven av Outlook.
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Denne historien er fra September 30, 2019-utgaven av Outlook.
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Layers Of Lear
Director Rajat Kapoor and actor Vinay Pathak's ode to Shakespeare is an experience to behold
Loss and Longing
Memories can be painful, but they also make life more meaningful
Suprabhatham Sub Judice
M.S. Subbulakshmi decided the fate of her memorials a long time ago
Fortress of Desire
A performance titled 'A Streetcart Named Desire', featuring Indian and international artists and performers, explored different desires through an unusual act on a full moon night at the Gwalior Fort
Of Hope and Hopelessness
The body appears as light in Payal Kapadia's film
Ruptured Lives
A visit to Bangladesh in 2010 shaped the author's novel, a sensitively sketched tale of migrants' struggles
The Big Book
The Big Book of Odia Literature is a groundbreaking work that provides readers with a comprehensive introduction to the rich and varied literary traditions of Odisha
How to Refuse the Generous Thief
The poet uses all the available arsenal in English to write the most anti-colonial poetry
The Freedom Compartment
#traindiaries is a photo journal shot in the ladies coaches of Mumbai locals. It explores how women engage and familiarise themselves with spaces by building relationships with complete strangers
Love, Up in the Clouds
Manikbabur Megh is an unusual love story about a man falling for a cloud. Amborish Roychoudhury discusses the process of Manikbabu's creation with actor Chandan Sen and director Abhinandan Banerjee
