1. GDP growth estimated to grow at 8%
2. Increase in industrial output (growing at 3.8% presently)
3. Healthier Government finances - Improved tax collections, led by indirect tax growth of 37.6% during April-July. Lower subsidy bill due to falling oil prices; expected savings maybe around Rs. 1 Lakh crore
4. Inflation, both retail and wholesale under control - Retail inflation estimated at 3.8% in July; wholesale inflation at -4.1%. the ninth straight month of contraction
5. Better than expected monsoon rains - Deficit of around 11% but distribution has been encouraging
6. Lower trade deficit due to fall in import bill for crude, petroleum, gold etc.
7. Current account deficit appears more manageable - at 1.3% of GDP in 2013-14 compared to 1.7% in 2012-13
8. Forex reserves at a record $355 billion
9. Early signs of increase in investment
10. Healthy demand in consumer sectors, uptick in consumption
This is what Times of India dated 26th August covered on the first page. If you are smart you would be able to make a critique of this news item. Can we find areas where the 'so called' optimism about the economy can be questioned? Try to locate those areas and comment. I am sure, we are no so gullible to just accept the good news which is actually missing or is misplaced.
Comment and get answers....Question and get enlightened on the 'breaking news' on the cover page of the national daily
2. Increase in industrial output (growing at 3.8% presently)
3. Healthier Government finances - Improved tax collections, led by indirect tax growth of 37.6% during April-July. Lower subsidy bill due to falling oil prices; expected savings maybe around Rs. 1 Lakh crore
4. Inflation, both retail and wholesale under control - Retail inflation estimated at 3.8% in July; wholesale inflation at -4.1%. the ninth straight month of contraction
5. Better than expected monsoon rains - Deficit of around 11% but distribution has been encouraging
6. Lower trade deficit due to fall in import bill for crude, petroleum, gold etc.
7. Current account deficit appears more manageable - at 1.3% of GDP in 2013-14 compared to 1.7% in 2012-13
8. Forex reserves at a record $355 billion
9. Early signs of increase in investment
10. Healthy demand in consumer sectors, uptick in consumption
This is what Times of India dated 26th August covered on the first page. If you are smart you would be able to make a critique of this news item. Can we find areas where the 'so called' optimism about the economy can be questioned? Try to locate those areas and comment. I am sure, we are no so gullible to just accept the good news which is actually missing or is misplaced.
Comment and get answers....Question and get enlightened on the 'breaking news' on the cover page of the national daily
1 comment:
Although we are of the fact that Indian media does not always provide the most appropriate information or can say does not provide the authentic news, but on analyzing all the situation or various policies and the its effect, or looking at the overall scenario of the Indian economy,we must agree to the fact that there are a no. of positive changes in the Indian economy after the formation of the Modi Government. there might be some negative effects but i guess the points mentioned by the times of India are true, as not only Indian media but the international media as well agrees to the this fact. statements by world bank, IMF and other big organizations appreciating Narendra Modi's work, for the Indian economy.
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