Opinion: Poonam Gupta and S Priyadarshini. The real growth rate of the Indian economy in the April-June quarter of 2023-24 (Q1, FY24), according to the latest data released by the Central Statistical Office (CSO), stood at 7.8 per cent. Market economists embraced this data as reflective of their own projections, and in line with their... Read More
India is in dire need of a long-term national logistics plan that can help minimise gaps reduce costs align developmental projects so we can all reap economic benefits In today’s world economic climate changes more quickly and countries realise that globalisation has made the world smaller and more competitive. Also customers seek products and services... Read More
“Delhi leads the NCAER-State Investment Potential Index 2018 Tamil Nadu is second.” New Delhi (Friday August 3 2018): The National Council of Applied Economic Research NCAER released its 2018 N-SIPI the NCAER State Investment Potential Index at a launch workshop inaugurated by Shri Ramesh Abhishek Secretary Department of Industrial Policy and Promotion (DIPP). Covering 20... Read More
Delhi has emerged the most-attractive State for investors improving its position on the think-tank National Council for Applied and Economic Research (NCAER)’s 2018 State Investment Potential Index. Gujarat previously No 1 slipped two places to the third position. The surprise elements in the index named N-SIPI was Tamil Nadu which moved up four places to... Read More
Chief Economic Adviser Arvind Subramanian Wednesday said that it is not possible for the diverse Indian economy to have one uniform Goods and Services Tax (GST) across the country. The useful debate in fact can be whether there can be three GST rates instead of the present four rates with the possibility of reevaluating the... Read More
Subramanian who had often batted for policy rate rate reduction said tighter monetary and fiscal policies were needed to hold the line at the time of shocks. Amid the demand for cut in taxes on fuel outgoing chief economic advisor (CEA) Arvind Subramanian on Wednesday said oil windfall should have been used for stepping up... Read More
The GST Council may consider reduction in tax rates on host of items with low revenue implications as part of the tax rationalisation exercise in its next meeting on July 21. The items which could be considered for cutting of tax rates might include sanitary napkins handicrafts and handloom goods besides certain services. Several industry... Read More
Public sector oil companies need to be transparent in their price fixation policies. Policymakers also need to question whether our oil companies/refineries are efficient by world standards. Only then can one identify the ex-post and ex-ante factors behind the high domestic oil price The spikes in petrol and diesel prices are the focus of attention... Read More
Trust in official statistics is vital for democracy — the new policy must avoid centralisation David Spiegelhalter president of Royal Statistical Society in the U.K. gave a most unusual presidential address in 2017. Instead of talking about esoteric statistical techniques he talked about declining trust in numbers in a post-truth society bombarded by fake news... Read More
Women comprise over 42 per cent of the agricultural labour force in the country signifying increasing feminisation of agriculture and yet they own less than 2 per cent of its farm land. According to the India Human Development Survey (IHDS) notwithstanding laws ensuring women's rights to agricultural land most such land is owned by either... Read More
Last month the United States President Donald Tump imposed 25% tariffs on steel imports into the county citing concerns about the dumping of cheap imported steel ruining American industries and taking away jobs. Given the trade relations between the US and India it is important to examine what these tariffs will mean for the Indian... Read More