87. Indian companies have scrapped projects worth $117 billion in just one year.
88. Banks hace been able to recover merely 11% of the bad loans they had to write off their balance sheet over last four years.
89. Beneficiaries of growth is shrinking.
90. Employment rates fall to its lowest in urban India.
91. Industry’s big fall.
Industry most hit in bank credit growth slowdown
Outstanding credit of scheduled commercial banks grew by 10.3 per cent in 2017-18. This growth was higher than the 8.2% recorded in 2016-17. But, this does not imply any acceleration in credit offtake. #4.5YearsOfModiGovt.
Year-on-year growth in bank credit has ranged between 8-11 per cent during the last four years. This is much lower than the 14-22 per cent annual growth seen in credit in the preceding four years or, the even higher growth rates seen earlier.
As a result of this slowdown in the growth of credit offtake, its share in GDP has declined in the last four years - from 53.4 per cent in 2013-14 to 51.6 per cent in 2017-18. The only time when the credit squeeze was more.
https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-05-08%2010:49:35&msec=826
92. Modi as such promised for higher growth than UPA (7.8% decade average growth) but fail miserably goes low than 7 consistently. You can clearly see the negative impact of #Demonetization and GST
Most economists believe economy will grow at a faster pace in 2018-19 than it did in 17-18. Professional forecasters surveyed by the RBI believe that the growth will accelerate from 6.6 % in 17-18 to 7.3% in 18-19. RBI itself believes that the growth will scale up to 7.4%.
Industry does not share such optimism.RBI’s industrial outlook survey show weaker prospects for production, order books, capacity utilisation,employment & profit margins.Consumer confidence is down and households are not sanguine about their income & employment prospects.
We believe that the year may turn out somewhere in between the two views. Real GDP growth will accelerate moderately, from 6.6 per cent in 2017-18 to 6.9 per cent in 2018-19.
https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-04-18%2017:37:00&msec=933
93. The Jan Dhan Yojana, 4 years later
94. Inflation to cross 5% in 2018-19
March 2018 indicated an inflation rate of 4.7 per cent in 2018-19. We now believe that it may turnout to be 5 per cent or even a shade higher, as compared to 3.6 per cent in 2017-18.
RBI had expected CPI inflation to touch 5.1 per cent in the quarter ended June 2018. We had projected 5.2 %. The direct impact of the recent increase in petroleum products implies that inflation may touch 5.8% in this quarter.
CSO pegs GDP growth for 2017-18 at 6.7%
India’s real GDP growth decelerated to 6.7 per cent in 2017-18 from 7.1 per cent in 2016-17. Growth in both consumption and investment demand slowed down.
https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-05-31%2018:08:07&msec=213
95. India's real GVA growth slows down for 2 years in a row.
#Demonetization and GST plays the role.
2017-18 has turned out to be the worst in the past four years.
Also it recorded the lowest nominal growth in farm incomes at least since 2005-06.
https://cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-06-04%2019:23:38&msec=520
96. FDI growth hits 5 year low. Achievement of Modi.
97. Recovery of loans written off
98. Demonetization decimated MSMEs.
99. Fading expectations
100. Per capita income growth falls for the 6th year
101. A tide of outflows
102. Changing landscape of key agri parameters
103. A growing problem. The States faces a debt sustainability issue with runaway growth seen in its outstanding
104. MSP solution missing even as kharif sowing commences.
105. FDI inflows slow down and gap actually widens.
https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-06-21%2016:40:06&msec=490
106. Labour markets strained in Q1 2018–2019
107. Fiscal 2017-18 was a difficult year for the Indian economy. Real GVA growth slowed down to 6.5% compared to 7.1% in the previous year. This was also the worst year for growth since 2013-14.
The investment ratio, at 28.5 %was the lowest since 2011-12. It has been falling relentlessly indicating declining investment demand in the country.
If 17-18 was as difficult year, 2018-19 is a challenging year already.
#ModiLiesInParliament without a shame as usual to claim the jobs which are BAU case as 10 million jobs created under his regime. No that’s a pure lie if we dig into the data .
New CA has to provide employment to 20 person it seems. All are pure gem of assumptions 🤷🏼♂️ .
108. Slow down in organized industrial sector.
109. For those who chest thumping about India overtaking France under Modi 👇
https://twitter.com/dubeyamitabh/status/1021359021687652352
110. Labour force rises but not employment.
Fiscal 2018-19 is turning out to be a difficult year on the employment front. The first quarter had seen labour participation rate fall to 42.7 per cent and the employment rate fall to 40.4 per cent.
111. Employment growth rates fell after 2011-12 according to the Prowess database.
112. Base rate was low. Even 8.2% will be normalized
113. GDP vs Oil price
114. India’s real GDP grew by an impressive 8.2 per cent in the first quarter of 2018-19. This was much higher than almost everybody’s expectations. If there was a sleeping Doubting Thomas in an analyst’s head he was woken out of his slumber when the numbers were released.
Questions are raised about the veracity of the estimate & whether the elevated growth rate is sustainable. it is at least worth wondering why the estimates didn’t generate as much joy as it should have but, it generated doubt, scepticism even among the optimists.
The GDP growth estimates are at odds with employment estimates. While the GDP grew by 8.2 per cent, employment declined by 1 per cent in the same year-on-year comparison of the first quarter of 2018-19.
115. Trade deficit jumps to 56 month low under Modi .
116. Rupee nears 72 level on panic rush among investors for dollars
117. Some dubious elements of the Q1 GVA growth of 8%
https://www.cmie.com/kommon/bin/sr.php?kall=warticle&dt=2018-09-05%2014:39:41&msec=590
https://twitter.com/AunindyoC/status/1035564132832083968
118. 336. Investment-to-GDP ratio dips to 30.8% in Q4 FY18, even lower than during the global meltdown. This is primarily due to
#GST and #DeMonetisation .
119. Economic mood swings
To Boost Numbers, Modi Govt Counts Workers Quitting One Job to Join Another as 'New Job'
Lies and fraud of Modi Govt 👇
https://thewire.in/labour/epfo-data-modi-government-switching-jobs/amp/ via @thewire_in
Don’t fall into the trap of various reports claiming job creation rose to an 11-month high in July. The government changed the way of computing payroll estimates. Going by its older formula, payroll numbers in July declined compared to June.
Unemployment levels have been steadily rising, and after several years of staying around 2-3%, the headline rate of unemployment reached 5% in 2015, with youth unemployment being a very high 16%," the State of Working India 2018 (SWI) report said.
This rate of unemployment is the highest seen in India in at least the last 20 years," the report added.
This shortage of jobs is compounded by depressed wages, with 82% of men and 92% of women earning less than Rs 10,000 per month.
