THE quick estimates of index of industrial production (IIP) released on August 11, 2023 by the National Statistical Office provides the estimates for June 2023 with base year 2011-12. These quick estimates undergo revisions by the NSO in subsequent releases.

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger×HIGH unemployment rates among youth in the past three decades have been a major concern in India’s labour market. Although unemployment rate among youth has increased during the pandemic and the rate of absorption during recovery continues to be low compared to other age groups, but it is not only related to the pandemic.

THE recent press release by the National Statistical Office on the provisional estimates of National Income quarterly estimates for the fourth quarter (January to March) together with the provisional estimates for the year 2022-23 deserves attention. It provides estimates for GDP and related figures of 2022-23 in current and constant 2011-12 prices with the corresponding figures of 2020-21 (2nd Revised estimates) and of 2021-22 (1st Revised Estimates).The crucial headlines of the statistics from the recent press release are the following.

SINCE the global financial crisis, investment growth has not recovered to its pre-crisis level worldwide. India despite being a fast growing economy, the growth in gross fixed capital formation shows a declining trend in the past two decades. In the post-crisis period, the governments introduced various institutional reforms in the rubric of ‘ease of doing business’, also corporates could have greater access to finance and external borrowings and public investment was geared to crowd in private corporate investment.

Enable GingerCannot connect to Ginger Check your internet connectionor reload the browserDisable in this text fieldRephraseRephrase current sentenceEdit in Ginger×THE recovery of the economy immediately after the pandemic was reflected through positive and increasing growth in various sectors as businesses were back to normalcy. Much of these growth rates have been reflective of the pent up demand accumulated due to lock down and related disruptions.