Free Press Journal
  • Independence Day 2018: Fair growth but no fairytale

    Independence was good for India. We have good data from our economic historians. It shows that from 1900 to 1950, India’s GDP has been growing roughly at 1.5 per cent per annum. Population growth that time used to be quite rapid, and later, it grew even faster. But population growing at 1.5- 2 per cent meant per capita income is holding steady or falling a little. There was no growth per capita

  • Strong Indian economy continues to lead global growth: IMF

    Washington: India is a source of growth for the global economy for the next few decades and it could be what China was for the world economy, the IMF said today, as it suggested the country to take steps towards more structural reforms.

  • No harmony among police and people can harm India: Kaushik Basu

    Mumbai: India has been getting a lot of negative publicity around the world for its divisive policies, believes economist and former economic advisor Kaushik Basu. He hopes this does not taint the years of efforts India as country put in.

  • Too many deficits to bridge in modern era

    It is received wisdom that prior to the era of liberalisation, the Indian economy was a story of chronic shortages. This was the fate of most newly free post-colonial nations of the mid twentieth century. The shortages in a macroeconomic sense were of three kinds. Firstly, and most importantly, were food shortages. This was because the nation was unable to produce enough to feed its population. If food prices remained unregulated, then

  • maharashtra, crop, loan waiver, maharashtra government, croap loan waiver scheme, farmers

    Here is why farmers are agitating

    When Indian economy has grown at an estimated rate of 6.7 per cent in FY-18, there shouldn’t be a cause for complain from any sector of the economy. But when the economy runs largely on one wheel – government expenditure – and the government hides behind the headline GDP number, the ground reality can be vastly different. One sector where unhappiness has turned into public anger is agriculture, though the BJP-led government’s

  • Economy judged by people’s life: Chidu

    New Delhi : Former Union Finance Minister P Chidambaram on Monday tore apart the Modi government for thousands of empty words on the Indian economy since its fourth anniversary celebrations began on May 26, asserting that what matters to the overwhelming majority is whether the economy made their life worse or better.

  • Chidambaram participates in a panel discussion

    Tyres of Indian economy are punctured, says P Chidambaram

    New Delhi: Former finance minister P Chidambaram today said that state of the economy was bad in the country due to the wrong policies of the NDA government and tyres of three of the four wheels on which the economy rides were punctured.

  • The revival signs of Indian economy

    After the unmitigated gloom peddled by the Opposition and a section of the media, there is light at the end of the tunnel for the Indian economy. The Central Statistics Office’s provisional GDP estimates for 2017-18 suggest that growth recovered to a brisk 7.7 per cent in the January-March 2018 quarter, the highest real GDP growth in seven quarters.

  • India’s Q4 GDP growth  hits 2-year high of 7.7% in Q4

    New Delhi : The Indian economy grew 7.7 per cent year-on-year during the January-March 2018 period, its quickest pace in nearly two years, helped by robust performance by manufacturing, construction and service sectors and good farm output, government data showed on Thursday.

  • Narendra Modi, Manmohan Singh, India, Karnataka Assembly Election 2018

    Karnataka Elections 2018: Manmohan Singh blast PM Modi for ‘disastrous policies’, ‘economic mismanagement’

    Bengaluru: Former prime minister Manmohan Singh today launched a scathing attack on the Modi government for its “disastrous policies” and “economic mismanagement”, and said the country was facing crises that were avoidable. Singh attacked the government over a series of banking sector frauds, saying the money swindled almost quadrupled from Rs 28,416 crore in September 2013 to Rs 1.11 lakh crore in September 2017.

  • Delicate balance between the Union and the States

    The constitution of India laid out clearly in its seventh schedule which legislative and policy areas would be with the Centre and which would be with the States. There are three lists in the seventh schedule, called the Union list, the States list and the concurrent list. This demarcates not only the responsibilities but also their “powers”. Two more schedules were added (eleventh and twelfth) to the constitution after the 73rd and

  • India’s Growing Middle Class – Ryan Andreas, Quantified Commerce

    Life is improving at a phenomenal rate for the Indian people. A 2016 study found that, the middle class has more than doubled in size from 2004 to 2012, to 600 million people. A 2007 study from the McKinsey Global Institute, which called India a “bird of gold” because of its expanding consumer market, didn’t expect the middle class to reach nearly half the population until 2025. This should give you just some idea

  • Economic growth likely to hit 7.5% in 2018-19: Niti VC Rajiv Kumar

    New Delhi: Niti Aayog Vice Chairman Rajiv Kumar expects India’s economy to grow by at least 7.5 percent in 2018-19 on the back of improvement in investment cycle and capacity utilisation. The government should now concentrate on consolidating the reform initiatives undertaken in the last 47 months, he added.

  • India’s GDP to grow 7.4% this fiscal, says Patel

    Washington : The Indian economy gave a resilient performance in 2017-18 and the country’s growth is expected to accelerate next fiscal, RBI Governor Urjit Patel has said.