The real issue with addressing India’s economic slowdown is that there isn’t enough agreement about the origins of the problem. At the end of the day, any solution has to be based on your diagnosis of the origins of the problem, argued Dr Pronab Sen.
On November 8, 2016, the day Modi announced the note ban, members of the thrift and credit society run by CBI employees deposited over Rs 31 lakh in cash with it.
Fixing Punjab’s wood-inlay industry will require the kind of sharp focus and attention to detail that Narendra Modi and Nirmala Sitharaman appear incapable of.
99.3% of demonetised currency is back in the banking system, and India’s addiction to cash is now, perhaps stronger than ever.
The Indian economy is experiencing a slowdown. In fact, it may have started three years ago – remember demonetisation in 2016, followed by the GST in 2017?
Kumar, a black economy expert, said demonetisation actually created new black incomes and was the first of three shocks that are keeping the Indian economy under recession today.
A screening of the documentary at Kerala Club in Delhi was cancelled after threats from members of the Sangh Parivar.
Poor global economy only a “contributory factor”. The government should “transfer income” into the hands of 70% of India’s population in rural areas to improve overall demand, he says.
The prime minister has taught people to measure their state exclusively against others' miseries, tricking them into forgiving his many sins – from demonetisation to jobs to Swachh Bharat.
Economists and investors are using alternative sources of data and in some cases creating their own benchmarks to measure the Indian economy.