Macro Track November 2013

External: China's Third Booster
China posted impressive economic growth between 1990 and 2012.

Poverty: Is MNREGA Benefiting the Rural Poor?
Enacted in 2005 and launched on February 2, 2006 the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) is aimed at providing at least 100 days of guaranteed wage employment in a financial year to every rural household whose adult members volunteer to do unskilled manual work.

External: Financing the Indian Current Account Deficit
The current account deficit has fallen dramatically from 4.9 per cent of Gross Domestic Product in 2013-14:Q1 to 1.3 per cent in 2013–14:Q2.



NCAER
Nov 2013

Macro