Is it possible that GDP was over-estimated and no one knew about it, including economists in govt? - Surjit S Bhalla, Indian Express
Former Chief Economic Adviser to the Ministry of Finance, Arvind Subramanian (hereafter AS) contends in a working paper at the prestigious Harvard University that India’s GDP growth between 2012 and 2016 (period II) likely averaged somewhere between 3.5 and 5.5 per cent yielding an average AS growth of 4.5 per cent.
India's economy is in crisis after reduced GDP estimate - Mihir Sharma, Economic Times
India’s government has long claimed that the country is one of the fastest-growing large economies in the world. That boast was a crucial part of the ruling party’s message in India’s recent election campaign — that, under Prime Minister Narendra Modi, the economy was in safe hands. Competence and sincerity as an economic manager is central to the image Modi has sought to project.
A $190 billion clean-up needed as PM Narendra Modi looks for growth booster - Upmanyu Trivedi, Mint
Reforms meant to clean up $190 billion of stressed bank loans will be crucial to reviving economic growth during Narendra Modi’s second term as prime minister.
Does the economy need a Jaitley or a Chidambaram? - MC Govardhana Rangan, Economic Times
A recurrent allegation against the Modi 1.0 government is that it did not deliver on economic reforms. The noise on need to ‘reform’ is only getting louder as he gets ready to run the world’s fastest-expanding major economy for the next five years – with a bigger mandate.
Modi government's 2nd term: Where to invest in stock market now? - Narendra Nathan & Sanket Dhanorkar, Economic Times
The return of Narendra Modi as Prime Minister has pumped adrenaline into the stock market. As it became clear on Thursday that the BJP will get a clear majority, the benchmark indices created history - the Sensex crossed the 40,000 mark and Nifty rose above 12,000. Though both indices retraced from those levels due to profit booking, the formation of a stable government at the Centre is seen as good news.
Billionaire Mittal's Airtel falters in war with Ambani's Jio - PR Sanjai, Economic Times
In a war for the control of India’s billion-plus mobile-services market, tycoon Sunil Mittal seems to be floundering in the face of a juggernaut unleashed by Mukesh Ambani.
The Jet case study: What exactly happens when an airline drowns - Economic Times
For many employees of Jet Airways, loss of place may have now turned into a loss of face too. As if losing their jobs was not hard enough, recently some Jet pilots had to allegedly face some serious humiliation as well. At a recruitment drive, a senior SpiceJet executive allegedly said the airline was doing 'charity' by hiring out-of-job Jet pilots.
Why the Jet Air stock doesn’t reflect its existential crisis - Ashutosh R Shyam & Rajesh Naidu, Economic Times
Markets are usually unforgiving to stocks of companies that do not repay loans, mismanage operations, and fail to take concrete steps to remain operationally viable. Against this tradition, Jet Airways has turned out to be quite an exception. Despite question marks on the very survival of the airline for at least six months, its stock has actually gained 2.3 per cent in the past two weeks and market capitalisation remains around Rs 3,000 crore.
What changed for the market while you were sleeping - Sandip Das, Money Control
After a sharp fall on April 10, the market remained rangebound throughout the session on April 11 and closed on a flat note. Traders maintained a cautious stance ahead of quarterly earnings of IT heavyweights TCS & Infosys and macro data (CPI inflation and industrial output) due today.
Agricultural policy needs to shift to a pro-farmer focus - T Nanda Kumar, Financial Express
Agricultural development in post-independence India started as a response to food shortages and the green revolution was designed to meet this challenge. Even after India became a net exporter of foodgrains, the mindset continued and food security remained central to agricultural planning.
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