Corruption and poor governance as a major deterrent to investment and economic growth is well known. Yet in many spheres we have accepted corruption as a way of life. However, with the growing public awareness...
Europe’s biggest economy shrank 0.2 percent in the third quarter compared to the previous period. Economists are not worried and believe it is just a temporary slip. Germany’s gross domestic product (GDP) shrank 0.2 percent...
Economic growth in India is forecast to beat out last year. The emerging economy is thus on track to regain the title of the world’s fastest growing major economy, once again overtaking China. India published its...
India’s GDP growth recovered to 6.3% in 2QFY18 from a three-year low of 5.7% in 1QFY18. On the supply side, the growth recovery came on the back of a rebound in manufacturing activity to 7%...
It is realised that one or two quarters of GDP growth and other macro data are entirely inadequate to evaluate the long-term impact of the structural reforms underway. The specified structural reforms are necessary to create...
The Indian Economy is slowing down. Growth rates have come down drastically as the new GDP estimates show. The reason for this to happen was primarily two: – demonetization and introduction of GST. The informal...
India’s economic growth rate dropped only slightly at the end of 2016 despite a controversial ban on high-value banknotes in November. Analysts doubt the government’s figure and fear the full impact has yet to be...
A system of taxation that has been almost universally accepted today in different countries of the world is the progressive income tax. When we say progressive it implies that the rate of taxation is higher...
India will soon overtake Britain to become world’s fifth largest economy, a “Forbes” magazine report has said. Economist Rajiv Biswas talks to DW about the impending milestone and the overall state of India’s economy. DW:...
On December 8, Japanese government revised its GDP statistics to conform to the latest standard of national accounts, SNA2008. Before the revision, Japan was one of the last countries, among OECD members not to be...
The World Trade Organization has drastically revised down its 2016 global trade forecast, warning that growth had hit its slowest pace since the global financial crisis. 2017 might not look much better. WTO officials on...
Manmohan Singh is a man of history today; but for a long time he was in the centre of economic policy making. When she was Prime Minister, Indira Gandhi had once told him to control...