Closure of mines and disruptions due to changes in legislations has thrown the sector out of gear, curtailing production and endangering jobs
"Real GDP or GDP at constant (2011-12) prices for the years 2018-19 and 2017-18 stand at Rs 139.81 trillion and Rs 131.75 trillion, respectively
For the current fiscal, it projected a GDP growth of 5 per cent, the lowest in 11 years, and worsening job prospects
The Economic Survey tabled in Parliament on Friday said the level and growth of a country's GDP informs several critical policy initiatives as it is a barometer of the economy's size and health
The Modi government had promised to create two crore jobs for youths, but on the contrary over 3.64 crore people have been rendered jobless during the BJP regime, he said.
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
The International Monetary Fund has pegged the number at 4.8 per cent and expects it to pull down global growth as well.
A key factor driving the sharp slowdown in Indian economy is the manufacturing sector slump.
Since the scope of supporting growth through fiscal and monetary policy is fairly limited, economic revival will ultimately depend on policy reforms
The labour productivity growth in FY19 was 5.2 per cent
In the report's India section, the World Bank said tighter credit conditions in the non-banking sector are contributing to a substantial weakening of the domestic demand in the country
This projected recovery could be stronger if recent policy actions - particularly those that have mitigated trade tensions - lead to a sustained reduction in policy uncertainty, said the report
If we are to become a $5 trillion economy, then we need at least 7 per cent to 8 per cent GDP growth, if not higher, says Sajjan Jindal
The government should invoke the escape clause under the FRBM Act but stay within the prescribed 0.5 per cent wiggle room allowed in an extraordinary year under the guidelines, said the official
The PMO will appraise the departments on their performance over the last six months, and will seek solutions to revive growth
The gap between the government's revenue and spending stood at Rs 8.07 trillion at the end of November - Rs 1 trillion (13 per cent) more than the full-year target.
India, once the poster child of economic growth in the developing world, grew at the slowest pace in six years during the July-September quarter.
India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.
As an investor, stay positive and believe eventually things will turn around
The most important policy issue today is how the government can stop spending taxpayers money on labour and financial markets so that the real or production sector can pick up.