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Economy has recovered ‘handsomely’ from Covid disruptions: Panagariya

Posted on : Jan 25, 2022

The Indian economy has recovered 'handsomely' from the pandemic-induced disruptions, former Niti Aayog Vice Chairman Arvind Panagariya said on Tuesday, while expressing hope that the recovery will be sustained and the growth rate of 7 to 8 per cent will be restored. Panagariya suggested that the government must now signal its intention to wind down fiscal deficit by cutting it by half-to-one percentage point in 2022-23. "The Indian economy has recovered handsomely, returning to its pre-COVID GDP... Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview. While an advanced estimate by the Ministry of Statistics & Programme Implementation (MoSPI) places India's GDP growth in 2021-22, at 9.2 per cent, Panagariya said this is higher than any other country this past year and the recovery has also been across-the-board. The economy, which was significantly hit by the pandemic, had contracted 7.3 per cent in the last ...

Indian economy has recovered ‘handsomely’ from pandemic-induced disruptions: Arvind Panagariya

Posted on : Jan 25, 2022

"The Indian economy has recovered handsomely, returning to its pre-COVID GDP... Only private consumption is still below its pre-COVID-19 level," the eminent economist told PTI in an interview.

‘Off to Canada’: India’s jobs crisis exasperates its youth

Posted on : Jan 25, 2022

With his business crippled, the 31-year-old IT undergraduate this month travelled to Rajpura town in Punjab to meet with consultants who promised him a work visa for Canada. He brought along his neighbour who also wants a Canadian visa because his commerce degree has not helped him get a job.

‘Off to Canada to get whatever’: India’s jobs crisis frustrates its youth

Posted on : Jan 25, 2022

India's unemployment is estimated to have exceeded the global rate in five of the last six years

Indian think-tank emerging as key people’s voice amid geo-economic flux

Posted on : Jan 25, 2022

Consumer Unity & Trust Society (CUTS) International, headquartered in Jaipur, with branches across the globe including USA, Europe, Africa and SE Asia is emerging as a key voice of people’s agenda amid geo-economic flux caused by the pandemic and climate change uncertainties