New Delhi: Putting more money into the hands of consumers this festive season, easier loans to SMEs and expediting disinvestment are among the steps being considered as part of a stimulus package to dig the economy out of its deepest slump in three years, according to officials. Also on the …
Tag: Arvind Subramanian
Suresh Prabhu to hold meeting with industry bodies on Sept 26, discuss ways to boost growth
Commerce and Industry Minister Suresh Prabhu will hold a meeting with industry bodies on September 26 to discuss issues pertaining to industrial growth and the interventions required to resolve them, a government official said. Chief Economic Adviser Arvind Subramanian, financial advisers of all …
Cash crunch is easing, but Indian companies still see no hope of business as usual. Here’s why
Ghaziabad: Struggling with customers unable to pay on time and plummeting sales, small-business owner Ravi Jain fears the government’s crackdown on cash will have a much larger impact than predicted by top policymakers. Jain’s bath taps manufacturing firm Supreme, along with many othe…
Economic Survey 2017: India’s 2017-18 growth seen recovering fast after note ban
India will grow at 6.75-7.5 percent in 2017-18, the Economic Survey 2016-17 said in a guarded forecast on January 31, tempering expectations of an early revival in the broader economy still reeling under the effects of demonetisation. “Demonetisation will have both short-term costs and long-term …
Economic Survey 2017: Govt to table report today
On January 31, Finance Minister Arun Jaitley will address Parliament and table the Economic Survey, which will feature economic growth forecasts, suggest policy changes and set the tone for the Union Budget to be presented on February 1. Here’s a lowdown on the main features of the Economic…
Demonetisation Effect | Economy grows 7.3% in second quarter, but growth could tank in next quarter
India’s economy expanded at 7.3% in the September quarter, the fastest rate among major economies, but growth could tank at least over the next few months because of the government’s demonetisation drive. The July-September growth rate announced on November 30 is higher than 7.1% registered in th…
GST Council consensus emerging on April 1, 2017 rollout, Rs 25 lakh threshold
As the Goods and Services Tax (GST) Council comprising the Centre and states met here on September 22 — its first session after it was formed last week — a consensus seemed to emerge among the members to usher in the new tax from April 1, 2017. They have also resolved to fix the upper […]<…
India to sustain 8-10% growth rate for next few years: Subramanian
Despite registering the slowest growth rate in the last six quarters in April-June period, India has the potential to sustain 8 to 10 per cent growth rate during the next two to three years, said Arvind Subramanian, Chief Economic Advisor. “First quarter GDP growth number came out yesterday. GDP …
Romantic about SMEs alone will not create jobs | CEA
The West Bengal government might be bullish about small and medium enterprises (SME) but that will not generate jobs, warned Chief Economic Advisor Arvind Subramanian. “SMEs are things to be romantic about, but that does not generate dynamism or jobs,” Subramanian said in an obvious reference to …