India’s Economic Slowdown

India’s economic growth dropped to a six-and-a-half year low of 5 percent in the April-June quarter of 2019-20 due to a sharp deceleration in the manufacturing sector and sluggish agriculture output.

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The previous low was recorded at 4.9 percent in April-June 2012-13

The economic growth was 8 percent in the same quarter of 2018-19

Earlier, seeking to counter India’s economic slowdown, Finance Minister Nirmala Sitharaman had announced several measures, including rollback of enhanced surcharge on FPIs, support for the stressed automobile sector, release of Rs 70,000 crore for PSU bank recapitalisation upfront, withdrawal of angel tax provision for start-ups and their investors

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A quick round-up of the latest developments

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The previous low was recorded at 4.9 percent in April-June 2012-13

The economic growth was 8 percent in the same quarter of 2018-19

Earlier, seeking to counter India’s economic slowdown, Finance Minister Nirmala Sitharaman had announced several measures, including rollback of enhanced surcharge on FPIs, support for the stressed automobile sector, release of Rs 70,000 crore for PSU bank recapitalisation upfront, withdrawal of angel tax provision for start-ups and their investors

Urban Unemployment Increases Sharply to 9.7% in January 2020: CMIE

Urban Unemployment Increases Sharply to 9.7% in January 2020: CMIE

Modi Govt Doesn’t Acknowledge the Word ‘Slowdown’: Manmohan Singh

Former prime minister Manmohan Singh. 

Modi Govt Doesn’t Acknowledge the Word ‘Slowdown’: Manmohan Singh

‘Govt Must Save Telcos From Collapsing’: Montek Singh Ahluwalia

Telecom department (DoT) ordered the telecom operators to pay their Adjusted Gross Revenue (AGR) dues by midnight on Friday, 14 February.

‘Govt Must Save Telcos From Collapsing’: Montek Singh Ahluwalia

Urban Unemployment Increases Sharply to 9.7% in January 2020: CMIE

Urban unemployment rose to 9.7%, a sharp increase from the 9% in December 2019, according to data released by the Centre for Monitoring Indian Economy.

Urban Unemployment Increases Sharply to 9.7% in January 2020: CMIE