State of Indian Economy

What last CEA is presenting seems like the economy is not in recession but depression. Can all of u look at these 4 charts and share inputs on why they are accurate or inaccurate. Please no anecdotes. Oppose with data and facts.

And if this is indeed the case whats the Govts plan to fix things? more  

6406CA1A-07C7-4962-AE90-FE391D144F3B___20191229080540___.jpeg
8F8EEB98-FA10-4B4A-8E83-C747BA73BDC3___20191229080544___.jpeg
CE95A52A-3946-4008-814C-27D246372CA5___20191229080543___.jpeg
+1
View all 11 comments Below 11 comments
We are still growing at about 5%- who calls it a a depression or recession ? Don't just get carried away. more  
these are NDTV generated data... one must first validate the data with govt source to cross confirm and then only can one give genuine observation knowing the fake news peddling trend of NDTV... they are highly unreliable source of info in a true balanced way more  
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. In the United States, it is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.". In the United Kingdom, it is defined as a negative economic growth for two consecutive quarters

In the United States the National Bureau of Economic Research determines contractions and expansions in the business cycle, but does not declare depressions.[1] Generally, periods labeled depressions are marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced using current resources and technology (potential output).[2] Another proposed definition of depression includes two general rules:[3][4]
a decline in real GDP exceeding 10%, or
a recession lasting 2 or more years.

From your above slides:

Consumer Good Production growth rate of 1% is neither Recession nor Depression - it is Growth.

Reduction of exports by 1% is not Recession either.

Let's not get carried away . headlines in TV or Newspapers are meant to attract attention, and not to inform. more  
wonder who has money to spend except BJP and PSU opver paid govt of India people only ? more  
The fact is where are the acche din ? none yet - no more facts required to describe it ? plus data sellers GOI IS ? JUMLE KE SARKAR 10000 % more  
Occasion for economists to enter their feedback ! more  
Post a Comment

Related Posts

    • Covid 19 job Crisis in India

      Has been captured well by this graphic attached. I want to know what are entrepreneurs doing in this circle. Are you letting some staff go or are you cutting salaries? Our small 7 store retail chai...

      By Naina Mittal
      /
    • Difference in Intent and Ground scenario for Loans for MSMEs

      Hon. FM has said that Banks will give easy and more loans to small businesses (MSMEs), so that they use the funds to tide through these difficult times and then repay the same with interest over a ...

      By Gautam Poddar
      /
    • Minimum Balance charges

      On one hand government is providing many reliefs for common man, one of them being that Banks will not charge interest / EMIs for 3 months, on the other hand Banks are charging huge amounts in cas...

      By Gautam Poddar
      /
    • Workplace Social Distancing guidelines/rules

      As issued by the Government, attached

      By Anil Mehta
      /
    • By Vishal Khanna
      /
    • No Labour Laws applicable for 3 years

      it has exempted industries in the state from ALL LABOUR LAWS for the next 3 years. Attached Notification. Big relief for industry. All states should do this Only these labour laws will a...

      By Ajay Dutta
      /
    • Starting up of MSME units - not really

      My brother has a MSME unit in Noida Phase 2. He resides in Delhi. 80% of their staff lives in Delhi. None of them are being permitted to enter Noida because of border restrictions. This is ridiculo...

      By Vishal Khanna
      /
    • Labour Crisis

      Most migrants workers are back to home town and most probably Will not come back till post Diwali or Chhath Puja. Industries are Being opened but how these industries wil operate? there...

      By Anil Mehta
      /
    • By Nikhil Jain
      /
    • Govt cuts salaries; Private sector cuts will be brutal

      Govt has frozen the dearness allowance to central government employees till July 2021 along with any kind of arrears (attached). With this even private sector will cut the salaries, no work no pay ...

      By Anil Mehta
      /
    • Startup in the right field

      2020 will vastly accelerate adoption of the following. If you are a startup, pivot to these areas or become enabler of these 1 e-commerce 2 drone delivery 3 digital contactless...

      By Rohit Jain
      /
Share
Enter your email & mobile number and we will send you the instructions

Note - The email can sometime gets delivered to the spam folder, so the instruction will be send to your mobile as well

Please select a Circle that you want people to invite to.
Invite to
(Maximum 500 email ids allowed.)