Cmie

Travels through the Hindi belt: Unpaid and unemployed, Kanpur's textile workers slam Modi for failing to revive mills

Once called Manchester of East for its thriving textile industry, the textile mills in Uttar Pradesh's Kanpur now resemble a ghost town with hundreds of textile workers scrambling for alternative livelihoods

COVID-19, lockdown impact: 27 mn youth in their 20s lost their jobs in April, reveals CMIE

Over 27 million youngsters in their 20s lost their jobs in April. This has serious long-term repercussion, the CMIE report said.

Coronavirus Lockdown: India's unemployment rate soars to 27.11% for week ended 3 May, says CMIE

The COVID-19 crisis has led to a spike in the country's unemployment rate to 27.11 percent for the week ended 3 May, up from the under 7 percent level before the start of the pandemic in mid-March, the Centre for Monitoring Indian Economy (CMIE) has said

What to expect from September quarter GDP data, Mudra loans turn NPAs; read this and more on Moneycontrol Pro

Ahead of the September quarter data release, economists seem to be engaged in a game of competitive devaluation of the GDP growth estimate, putting it between 4.2 and 4.7%, at constant prices.

India's jobs crisis: It's no more about who's responsible, it's about what we do now to arrest precipitous slide

The Narendra Modi government, very prickly about criticism on the economy, has been defending the problem of job deficit by picking the methodology that suits its counter-narrative, using the EPFO-based methodology.

Narendra Modi's big corporate tax cut unlikely to spur job bonanza, revive economy; measures to benefit companies: Experts

But while the tax cut brings the cost of doing business in India into line with its main Asian rivals, the government giveaway will do little to fix the lack of spending power, economists say.

GDP falls to 5%: Urgent economic reforms needed, but Centre's attention fixed on Ayodhya, Assam and Kashmir

Unless very high growth is revived, India’s journey towards eliminating poverty and dependence will halt.

GDP growth slips to 5%: There may be more bad news coming before things get better; economy must be sole focus now

India could have been on a stronger wicket if the first Narendra Modi government had not missed several opportunities to strengthen the economy (this is not to take away from the few reforms it did undertake).

Make in India fails to generate adequate jobs; lack of funding options force Indian firms to up imports: L&T chief AM Naik

On Saturday, Defence Minister Rajnath Singh gave his nod for a panel to review defence procurement procedure in a bid to strengthen the Make in India programme.

EAC-PM rejects Arvind Subramanian's claim on over-estimation of GDP, says services, agri sectors ignored in analysis

The paper notes that Subramanian used 17 indicators to express his skepticism about the growth rates after 2011-12.