Modi’s Economy Is Getting Better, But Indians Are Worse Off

Modi’s economy is growing fast. And it is expected to grow even faster in the near future, beating China’s.

That’s according to the recently published IMF World Economic Outlook, which predicts that India’s economy will grow at 7.3% in 2018 and 7.4% in 2019, up from 6.7% in 2017. Meanwhile, China’s economy will grow at 6.6% in 2018 and 6.2% in 2019, down from 6.9% in 2017’see table 1.

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IMF attributes India’s strong growth to Prime Minister Narendra Modi’s policies, like the implementation of the National Goods and Service Tax and the Insolvency andBankruptcy Code.

  • Publisher: Forbes
  • Date: 2018-10-11
  • Author: Panos Mourdoukoutas
  • Twitter: @forbes
  • Citation: Web link

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And here’s another article:

Now that sanitation rates have improved, can sewage treatment get attention?

It is self-congratulatory time for the government, with advertisements proclaiming the success of the Swachh Bharat campaign.

Government data shows that there has been progress in sanitation. According to the Economic Survey 2017-18, the percentage of rural population covered by sanitation grew from 9% in 1991 to 32% in 2011. The figure grew to 39% in 2014, but has increased substantially to 76% in 2018. The number of Indians who defecate in the open has reportedly reduced by two-thirds – from over 500 million to less than 200 million.

While sanitation has received attention, the country is struggling to safely dispose of the contents of its toilets and industrial effluents. According to data with the Lok Sabha, Maharashtra’s cities generated 9986 (million litres a day (mld) of sewage in 2014 of which only 4225 mld – 42% – is treated before it is released into the environment. In 2018, the state generated 8143 mld ‘ there is no explanation why the quantity of sewage has gone down ‘and the amount of sewage treated went up to 5160 mld (63%). Maharashtra is one of the most urbanised in the country, with nearly 45% of the population living in towns and cities.

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  • Date: 2018-10-08T00:12Z
  • Twitter: @httweets
  • Citation: Web link

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Is This High-Yield Tech Blue Chip A Value Trap? 6 Things Investors Need To Know

Why has the Indian rupee fallen to a record low?

India’s currency looks set to resume its downward spiral this week, after the rupee hit a record low against the dollar on Friday, stoking concerns that the world’s fastest-growing major economy could be heading for a slowdown.

On Friday, the currency crossed 74 rupees to the US dollar for the first time ever, after the country’s central bank surprised markets by holding off on raising interest rates.

The latest drop means the rupee has fallen around 15% against the surging dollar this year alone, ‘making it one of the world’s worst performing currencies’ says CNN.

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