Chief Economic Adviser Arvind Subramanian, in an exclusive conversation with NDTV's Prannoy Roy, discusses the state of the Indian economy, inflation, the Goods and Services Tax or GST reform and the impact of the notes ban. On Thursday, Mr Subramanian had flayed global rating agencies, saying they haven't upgraded India "despite clear improvements in our economic fundamentals" which include inflation, growth, and current account performance. Despite its rapid growth, India still has a BBB rating. China's rating has been upgraded to AA, despite its slowing growth and rising debts. Earlier today, data showed India's consumer inflation eased in April to its lowest in at least five years.
Here are 10 graphics through which Mr Subramanian and Prannoy Roy discuss the state of the economy:
Bank credit growth falls sharply as demand for loans dries up
Inflation is down to 2.99%: Good news or bad news?
Time for central bank to cut interest rates?
Should government relax fiscal deficit targets to boost growth?
Export recovery a big positive for Indian economy
Rupee bounces back: assessing its rise
India not upgraded despite improving fundamentals. Global rating agencies unfair to India vs China
Industrial growth remains a concern
Prepping for mega reform Goods and Services Tax
Auto industry back in top gear after demonetisation bump
................................ Advertisement ................................
A journalist from Gujarat, in judicial custody in a case of alleged GST evasion, was charged in a separate case last week for allegedly possessing confidential government documents, sparking outrage from some quarters, including the Editors Guild.
Introduction of the Goods and Services Tax (GST) in India was a "classical example of cooperative federalism," Chief Justice of India D Y Chandrachud said on Saturday.
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Friday called to build consensus over bringing petrol, diesel under the Goods and Services Tax.
Maintaining financial discipline and regulatory compliance, domestic airline SpiceJet has cleared all its Goods and Services Tax (GST) dues.
Tamil Nadu BJP chief, K Annamalai, found himself in a spot of bother Friday after an "unintended breach of privacy" - the sharing of a private conversation between Union Finance Minister Nirmala Sitharaman and a leading businessman from the state.
दूसरी आज़ादी लाई GST - पहले परांठा, अब आटा, हीरे पर कम, स्याही पर ज़्यादा...Ravish Kumar
Tuesday July 19, 2022मोहम्मद ज़ुबैर का केस कानून की प्रक्रिया को लेकर एक गंभीर बहस का मुद्दा बन गया है. महंगाई से लेकर मुकदमे का एक ही हाल है.अब तो चीफ जस्टिस भी कह रहे हैं कि जल्दबाज़ी में गिरफ्तारी होने लगी है.
Opinion: GST, Historical Tax Reform, At 5 Years, Has Lost Its WayAndy Mukherjee | Bloomberg
Thursday July 07, 2022Five years ago, India's federal and state governments struck a historic deal. From July 1, 2017, a uniform tax on goods and services - marketed by Prime Minister Narendra Modi as "One Nation, One Tax, One Market" - replaced a bewildering array of loc
Opinion: In GST Row, Centre Throws Nationalism Argument At StatesPraveen Chakravarty
Monday August 31, 2020Rules by bureaucrats, legalese by lawyers and analysis by economists are cold, futile methods to resolve this crisis when the need of the distressed hour is a warm, empathetic hand of the political leadership.
Blogs: सरकार ने दी कॉरपोरेट टैक्स में राहत, क्या आम आदमी को होगा फायदा?Ravish Kumar
Saturday September 21, 2019अगले शुक्रवार का इंतज़ार कीजिए क्या पता आम लोगों का भी टैक्स से राहत मिल जाए, या क्या पता पुरानी पेंशन व्यवस्था ही बहाल हो जाए. वित्त मंत्री जिस तरह शुक्रवार को अपना नया बजट पेश कर रही हैं, राहतों का एलान कर रही हैं, उसमें कुछ भी उम्मीद की जा सकती है. आखिर कारपोरेट ने कब सोचा होगा कि सरकार उसे एक दिन 1 लाख 45 हज़ार का घाटा उठाकर करों में छूट देगी. इस फैसले को ऐतिहासिक और साहसिक बताया गया है.
................................ Advertisement ................................