Explained: Why China’s growth has slowed to a record low

News:According to China’s National Bureau of Statistics,the Chinese economy grew by just 6% in the third quarter of the current calendar year. Facts: China’s growth slowdown China’s growth rate has been slowing down since the global financial crisis of 2008-09.  However,China had recovered quickly and got back to double-digit growth in 2010-11 but since then… Continue reading Explained: Why China’s growth has slowed to a record low

Explained: How Bangladesh’s economic growth is stealing India’s thunder

News:The economic outlook update released by the Asian Development Bank(ADB) has shown how Bangladesh is the standout economy in terms of growth momentum in South Asia. Facts: What did the report said? The report has said that Bangladesh has been experiencing high and consistently rising economic growth rate while maintaining a stable level of inflation.… Continue reading Explained: How Bangladesh’s economic growth is stealing India’s thunder

RBI says lack of domestic demand affecting ‘animal spirits’ of economy

According to the annual report of the RBI,the lack of domestic demand is holding back the animal spirits in the economy.  Animal spirit is a term used by the British economist,John Maynard Keynes to describe how people arrive at financial decisions including buying and selling securities in times of economic stress or uncertainty. The report… Continue reading RBI says lack of domestic demand affecting ‘animal spirits’ of economy

Centre responds to downturn with steps to boost growth

Government has announced a number of economic measures which seeks to revive economic growth through fiscal stimulus. These measures were brought in the backdrop of the economic slowdown in India.The measures announced are:- The surcharge announced in the budget on Foreign Portfolio Investors (FPIs) has been withdrawn.This will check the outflow of FPI from India.… Continue reading Centre responds to downturn with steps to boost growth

Worsening water quality reducing economic growth by a third in some countries: World Bank

The World Bank has released a report on the relation between water pollution and economic growth. The report relied on the biggest-ever database assembled on global water quality using monitoring stations, satellite data and machine learning models. According to the report,poor water quality is affecting economic growth and worsening health conditions.It says that a lack… Continue reading Worsening water quality reducing economic growth by a third in some countries: World Bank

PM’s panel rejects former CEA’s paper on GDP growth

PM Economic Advisory Council(PMEAC) has challenged former chief economic advisor(CEA) claim that India’s gross domestic product (GDP) was overestimated for most of this decade. Recently,former CEA had said that India’s GDP growth in the period 2011-12 to 2016-17 is likely to have been overestimated.He said that the growth during that period was actually 4.5% rather… Continue reading PM’s panel rejects former CEA’s paper on GDP growth

‘Ex-CEA’s paper does not consider key indicators

According to former planning commission member,former Chief Economic Advisor(CEA) analysis of economic growth is incorrect. He said that the analysis ignores the indicators related to the bulk of economic activity such as those measuring the agriculture,services and informal sectors. Recently,former CEA had said that India’s GDP growth in the period 2011-12 to 2016-17 is likely… Continue reading ‘Ex-CEA’s paper does not consider key indicators