Page 29 - Economic Crisis
Shun politics of vendetta, work with Oppn to revive economy: Mamata to Modi
She appealed to Modi to take the recent comments by the RBI about the state of the Indian economy "seriously".
 "Shun politics of vendetta, work with Oppn to revive economy: Mamata to Modi")
S&P reaffirms India's sovereign rating at BBB- with a stable outlook
S&P's reiteration of India's rating and outlook is good news for the government as it fights multiple fires on the economic front
 "S&P reaffirms India's sovereign rating at BBB- with a stable outlook")
GDP is an imperfect measure of economic performance, says Jairam Ramesh
It is a reflection of the changed circumstances in India over the last 25 years that we are not accepting a growth rate of 5 per cent
 "GDP is an imperfect measure of economic performance, says Jairam Ramesh")
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
 "FM's remarks on economy disappointing, crisis entirely home grown: Sinha")
How should the government revive demand?
What happens when, with government expenditure unchanged at Rs 65 trillion, the FM decides to reduce the tax rate, mobilise less revenue and let the deficit widen by Rs 1 trillion?
 "How should the government revive demand?")
There is economic slowdown, but no signs of recession: FM Sitharaman
The finance minister touched upon the difficulties in meeting the fiscal deficit, and indirectly signalled a fiscal slippage for the year
 "There is economic slowdown, but no signs of recession: FM Sitharaman")
Minimum wage macroeconomics
When relative prices do not serve the national good, then there is a case for government intervention, especially when distorted relative prices are a driver of macroeconomic slowdown
 "Minimum wage macroeconomics")
The present economic crisis is worse than 2008 recession: Goldman Sachs
Prachi Mishra of Goldman said the fall in consumption is responsible for a third of the overall dip in overall growth
 "The present economic crisis is worse than 2008 recession: Goldman Sachs")
As IMF sees global recession on horizon, here are the signs to look out for
In the April 2009 study, its economists decided that declining per-capita GDP was the main indicator to monitor recession
 "As IMF sees global recession on horizon, here are the signs to look out for")
Malaysian PM Mahathir accepts failure of the boom he launched 30 years ago
While Vision 2020 was always more rhetoric than reality, it did serve to harness Malaysia to the climate of the times
 "Malaysian PM Mahathir accepts failure of the boom he launched 30 years ago")
Shekhar Gupta: Money has lost its morale
The economic crisis can be fixed only with genuine, brave reform. If this Modi govt can't do it, it will confirm fears that it has lost its mojo
 "Shekhar Gupta: Money has lost its morale")
No slowdown in online consumer spending in India, say Amazon and Flipkart
According to a report by consultancy firm Kantar, the number of online buyers has dropped across several key categories in the first half of 2019
 "No slowdown in online consumer spending in India, say Amazon and Flipkart")
Short- and long-term measures needed to spur economic growth: India Inc
India Inc wants the transmission of central bank rate cuts to the consumer to be more effective
 "Short- and long-term measures needed to spur economic growth: India Inc")
A long haul yet before the narrative on the economic crises really changes
While change will have to come first in consumption to spur corporate investment, depression in the farm sector needs attention. Besides, all structural issues wait to be addressed, writes T N Ninan
Economy in crisis or turning around?
Depending on what you read and who you listen to, you may conclude that the Indian economy is in a crisis, or is turning around.
 "Economy in crisis or turning around?")
