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Economy / The New Indian Express

Of the fastest growing economy, Amitabh Bachchans and what India truly can deliver

The world's fastest growing economy? That we are and might continue to be. But then at our stage of development, the economy is only expected to grow faster than economies that have higher income, with older population and have built the required social and economic infrastructure ahead of us. For example, Brazil, Mexico, and Indonesia, with per capita GDP (Contant USD) at 10,077, 8,831 and 4,074, respectively are classified as upper middle-income countries by the World Bank and will grow at rat

30 Apr 2024 8:23 pm
The Great Election Debate-II: Which government was better for India's economy? UPA or NDA?

A lie gets halfway around the world before the truth has a chance to get its pants on - Winston Churchill India's election season has seen apologists of the ruling party turn to statistical massaging, which does not err on the side of factual accuracies, but rather thrives on half-truths and cherry-picked data, and weaves them together to form a deceptive tapestry of lies and deceit.Recently, we encountered an article It's the economy, stupid: How the Modi, Manmohan and Vajpayee years compare

29 Apr 2024 8:28 pm
Harshpriya Neelachala announces Solitaire real estate project

BHUBANESWAR: Harshpriya Neelachala, a collaboration between Harshpriya Group and Neelachala Homes, announced Solitaire, a landmark luxury real-estate project at Khandagiri on Friday. The proposed project, a 21-storey high-rise tower, featuring 192 upscale residential units alongside essential commercial spaces, all designed with sustainable practices and modern architectural insights has been planned at Khandagiri square to provide convenient access coupled with serene living spaces to home buye

27 Apr 2024 8:03 am
Indian Railways introduces Economy Meals at Rs 20 for general passengers

VIJAYAWADA: To provide quality, affordable and hygienic meals to rail passengers, Indian Railways in collaboration with the Indian Railway Catering and Tourism Corporation (IRCTC) has introduced the concept of Economy Meals. Anticipating the surge in passenger traffic during summer, rail passengers, particularly for those travelling in general coaches, are provided with two types of meals at an affordable cost. These meal counters are now operational at over 100 stations across Indian Railways.

24 Apr 2024 11:56 am
It's the economy, stupid: How the Modi, Manmohan and Vajpayee years compare on growth front

Did India become richer or poorer during the UPA years? And how does the Modi government compare? At first, it may seem difficult to compare across different eras. For instance, the UPA had to deal with the 2008 financial crisis. But the Modi government had to deal with a once-in-a-century pandemic. Which was the bigger challenge? There is a simple way to account for this. Just compare the performance of the Indian economy with respect to other countries during the same period. Let us look at th

20 Apr 2024 6:37 pm
INTERVIEW | PMs GYAN can help transform local economy

Union Health Minister Mansukh Mandaviya has set his sights on transforming Porbandar, Gujarat, into a burgeoning tourist centre if elected to the Lok Sabha from the region. Mandaviyas vision for Porbandar, the birthplace of Mahatma Gandhi, includes the development of cruise tourism and the launch of the RoRo and Ropax initiatives -- ships where passengers and vehicles can be moved. Unlike conventional cruise vessels, such ships are used for transportation over a coastline or inland waters and is

18 Apr 2024 7:14 am
India fastest-growing economy during last three financial years: Nirmala Sitharaman

India fastest growing economy during last 3 financial years: Sitharaman

16 Apr 2024 4:15 pm
Narendra Modis economy isnt booming for Indias unemployed youth. So, why is his party favoured to win another election?

Ian Hall , Griffith University India will soon hold the biggest election ever conducted , starting on April 19 and running through early June. Almost 950 million registered voters will be able to cast ballots to elect the 543 members of the Lok Sabha, the lower house of parliament. The result is not a foregone conclusion, but most analysts expect Narendra Modis Bharatiya Janata Party (BJP) to win another five years in office. After a decade in power, the opinion polls suggest Modi is still well

18 Mar 2024 2:02 pm
'One Nation, One Election' can spell magic for economy, claims Kovind-led panel

The 'One Nation, One Election' proposal could add economic output worth Rs 4.5 lakh crore, or increase real GDP growth by 1.5%, estimates submitted by the former president Ram Nath Kovind-led panel have claimed. The report also noted that simultaneous elections will not only lead to higher average real GDP growth, but also result in lower inflation, higher investments and relatively higher public spending, particularly, capital expenditure than revenue expenditure. This is the elusive magic poti

14 Mar 2024 8:44 pm
Former Jharkhand CM Hemant Soren to study Constitution, Economy in jail

RANCHI: Former Chief Minister Hemant Soren, who is currently lodged in Birsa Munda Central Jail in Ranchi after being arrested by the Enforcement Directorate in a money laundering case linked to land scam on January 31, will study the Constitution of India and other books related to Economy and Jharkhand Movement. Hemant Sorens wife Kalpana Soren revealed on social platform X that she has been asked by her husband to bring those books on Sunday while visiting him in the jail on Saturday. The thr

3 Mar 2024 3:49 pm
Indias Economy: Known Knowns and Known Unknowns

An old maxim states that people, in general, are quick to believe that which they wish to be true. The truismattributed to Julius Caesarplays out in Indias public discourse rather predictably every few months. The episodes of ricocheting rhetoric with surround sound effects follow the release of data on the state of the economy. Typically, in the intensely polarised political amphitheatre, every episode finds the believers singing the rah-rahraagand the sceptical atheists argue in disbelief. The

3 Mar 2024 1:11 am