First advance estimates of national income highlight three key imperatives to revive growth: generate demand and investment cycles by directly spending more and reverse import substitution

Despite continuous and comprehensive attention to industry, its contribution to income (GDP) and employment didn't touch 25% and 14%, respectively. It is time to give equal, if not more, attention to services and agriculture that consistently contribute the most to income and employment, respectively

RBI panel's proposal to allow big corporates/industrial houses to own and run banks and NBFCs is contrary to RBI's own earlier stand, economic logic and historical evidence of multiple economic crises caused by reckless private financial sector players

While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

While India is firmly focused on AatmaNirbhar Bharat for a V-shaped recovery, its key fiscal numbers show the economy is slipping with falling capital expenditure, muted consumption and higher precautionary savings

Mahindra Lifespace MD and CEO Arvind Subramanian said the company's sales booking improved in the second quarter and are likely to be strong on festive demand during the October-December period

This is a nebulous idea designed to mean anything and everything under the sun without the burden of economic logic, facts and evidence

Multiple factors are responsible for this; some are well-known, like data fudging and man-made disasters of demonetisation, GST, and stringent lockdown; others are lost sight of, like lack of institutional support and intellectual rigour and frivolous approach to serious crisis

While IMF-World Economic Outlook has stated that Bangladesh is set to overtake India in per capita GDP growth, experts hold a different view. India Today TV spoke to Dr Arvind Subramanian, Former Chief Economic Advisor, Govt of India who said that wrong numbers had been compared. But he also added that Bangladesh and many other countries had performed better than India in managing the impact of COVID on their economies. Watch the full interview.

Subramanian said GDP per capita is only an 'estimate' for one 'indicator' of the average standard of living in a country. He said that there are many other indicators that must be taken into account to grasp the bigger picture

Part II of this two-part article continues to relook at misadventures that derailed the Indian economy, threatening dreams of millions of \"aspirational\" Indians. Instead of a serious and meaningful debate, India continues to grapple with constant and systemic \"misdirection\" in multiple sense of the word

This is Part I of two-part article revisiting critical economic decisions that eventually led to minus 23.9% growth in Q1 of FY21. Blaming exogenous factors (pandemic) or intense lockdown is merely an excuse to divert attention from government's ineptitude and thwart meaningful debate

The Council members observed that after they met the Commission in April, the lockdown was extended and since then restrictions were being lifted in a phased manner, resulting in the gradual resumption of economic activities

The 'Atma Nirbhar' economic stimulus package, to the tune of 10% of the GDP (Rs 21 lakh crores) cushions the economy to a certain extent, but certainly there is more than can and should be done until the structural reforms are implemented

In a veiled attack on self-reliance programme 'Atma Nirbhar Bharat' proposed by PM Narendra Modi, former chief economic advisor Arvind Subramanian has said, 'self-sufficient globalisation is almost an oxymoron'. He said if India turns protectionist it cannot be a globally exporting power. Watch him talk about India's current rate of growth, the challenging times ahead and how India can tackle them.Also Read: NPA meter for moratorium loans to start ticking from September

The reason India finds itself in the comity of nations that can't afford a big stimulus to stoke economic growth is the 8 quarters of wait-and-watch game played until coronavirus hit us

The Trump app, which was launched in April, has since often placed among the Top 10 in Apple's rankings of news apps, sometimes above those of individual news organizations such as CNN, the New York Times and Reuters

Subramanian says a lot of hard work is required to get the country back on growth path and we should not believe \"as a birthright we are entitled to 6 pc growth right now\"

In India, it's been a waiting and guessing game. To many, the inordinate delay in announcing the second stimulus is worrying, intriguing - even frustrating

India badly needs a stimulus. Here's how to find the money