High-frequency indicators reveal that the domestic economy has remained resilient, but the “outlook remains softer” due to moderation in a couple of indicators, National Council of Applied Economic Research (NCAER) said in its monthly economic review for August 2024.
Budget guidance on fiscal restraint is likely to keep the economy in good stead.
The Advisory Council will help broaden the sixteenth Finance Commission's ambit and understanding by seeking the best national and international practices on matters pertaining to fiscal devolution.
Employment indicators showed mixed trends. The number of net new subscribers under the Employees' Provident Fund Organisation increased year-on-year.
Decline in real wages of food delivery workers and around a third of them holding graduate degrees reveal a dire unemployment situation. Instead of blaming platforms for the condition of gig workers, governments must facilitate manufacturing, skilling, basic safety nets and quality education
'They are very highly educated... One person had even been the head of a polytechnic institute,' said Bornali Bhandari, a professor at NCAER and lead researcher of the study.
Saggar also served as the executive director of the Reserve Bank of India and his stint ended on April 30
India has done rather well during the COVID-19 pandemic, primarily because of the rapid pace of vaccination, Gupta said, adding, 'Currently, ensuring rapid and widespread vaccination is the best pro-growth policy that any country can implement.'
Releasing its quarterly review of the economy, the National Council of Applied Economic Research (NCAER) has pitched for strong fiscal support to push economic growth.
Senior NCAER fellow, and health and development economist Jeff Hammer shares notes on South Asia, why there's no one he can advise on peace between India and Pakistan and his own experiences living in the Subcontinent.
The proportion of respondents expecting that ''overall economic conditions will improve in the next six months'' increased by 4.8 percentage points, from 29.8 per cent in 2020–21:Q2 to 34.6 per cent in 2020–21:Q3, said the NCAER''s Business Expectations Survey (BES).
Prime Minister Narendra Modi had on May 12 announced the raising of spending to Rs 20 lakh crore or about 10 percent of India's GDP, to help the economy get back on its feet after weeks of coronavirus lockdown.
Madhya Pradesh got 74.9 points, followed by Odisha (67.5 points), Maharashtra (65.3 points), Chhattisgarh (64.1 points) and Tamil Nadu (63 points).
The decline in the N-BCI on a year-on-year basis works out to be 15.9 percent, the National Council of Applied Economic Research (NCAER) said in a statement.
The studies, commissioned by the previous UPA regime, were conducted by the Delhi-based National Institute of Public Finance and Policy (NIPFP), National Council of Applied Economic Research (NCAER) and National Institute of Financial Management (NIFM), Faridabad.
When it comes to stock trading, a vast majority of 78 percent investors in India continue to "call in" their trades, while just 22 percent use internet to place their trades despite a growing dependence on online technology, a Sebi survey showed today.
As per the NCAER's report on the short-term agricultural outlook for the 2017 Rabi season, Gross Value Added (GVA) in agriculture and allied sector registered a significant 3.3 per cent year-on-year growth in the second quarter of 2016-17 as compared to 1.8 per cent growth in the previous quarter.
After RBI and IMF, economic think-tank National Council of Applied Economic Research (NCAER) has lowered the country's growth forecast to 6.9 per cent for the current fiscal on account of demonetisation.
The manufacturing sector is also giving positive signals with Purchasers' Managers Index, Index of Industrial Production for core sectors and auto sales going up.
Jagan's letter came a day after Chandrababu indirectly sought to imply that the YSRC leader declared an income of Rs 10,000 crore under the Income Declaration Scheme.
Economic think-tank NCAER's business confidence index (BCI) registered a sequential increase of 2.2 percent in June quarter of 2016-17, mainly driven by improvement in perception about economic conditions and financial position of firms in the next six months.
According to the National Council of Applied Economic Research (NCAER) report, prospects for agriculture sector in 2015-16 remain weak owing to poor monsoon rainfall for the second year in a row.
"The 94th round of the Business Expectations Survey (BES) carried out in September 2015 shows a revival of business sentiments after the Business Confidence Index (BCI) fell for two consecutive quarters.
According to a report released by the India Brand Equity Foundation earlier this year, India is expected to become the third-largest aviation market in the world by 2020 from the ninth-largest currently.
"Lower inflation because of lower commodity prices and lower food inflation may spur demand. "The indicators from the first quarter indicates that agriculture, industry and services are continuing to grow at same or similar rates as last quarter," National Council of Applied Economic Research (NCAER) said.