Report on Key Economic Parameters of India: July-August 2020

Anindya Sengupta India has been under lock down due to the COVID -19 pandemic since March, 25th, 2020. The lock down has been stringent for the first months with the first set of relaxations announced from April 21st, 2020. This lock down is expected to have severe impact on the economy. From May there has … Continue reading Report on Key Economic Parameters of India: July-August 2020

Literacy rate in India touches 77.7% – Kerala tops, Andhra at the bottom

~ Trinanjan Chakraborty The 75th round of the National Statistical Survey conducted by the National Statistical Office revels that literacy among individuals aged 7 & above stood at 77.7% for the time period July 2017 – June 2018. The 2011 population census had reported all India literacy rate at 74.04%. The NSS 75th round revealed … Continue reading Literacy rate in India touches 77.7% – Kerala tops, Andhra at the bottom

Indian Economy: Current Assessment and Way Forward

Anindya Sengupta The GDP numbers for April- June, 2020 was announced on 31st August. The country went into a stringent lock down from 25th March. So this quarter began with a near to complete shutdown in economic activity with only the essential services was active. Since April 21st, gradually in phases certain sections of the … Continue reading Indian Economy: Current Assessment and Way Forward

Downward revision in India’s GDP growth estimates by Fitch Ratings

Fitch Ratings Inc. – the American credit rating agency has lowered its forecast for the growth of the Indian economy in FY 2020-21 and is now predicting a -10.5% contraction. This is lower than the -5% estimate released by Fitch in its June report. Last week, the Government of India announced the official economic estimates … Continue reading Downward revision in India’s GDP growth estimates by Fitch Ratings

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