Business Standard

Tuesday, January 07, 2025 | 06:26 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Nearly half the economy is not running: P Chidambaram

"How long can you blame the previous managers?" asked Chidambaram in his speech

P Chidambaram
Premium

P Chidambaram

P Chidambaram
So, what is the state of the economy? I mentioned already six quarters of declining growth rate. Agriculture is growing at two per cent. Consumer Price Index Inflation, which was 1.9 per cent in January 2019, rose to 7.4 per cent in December 2019. In a matter of 11 months, CPI Inflation has increased from 1.9 per cent to 7.4 per cent. Food Inflation today is 12.2 per cent. Bank credit is growing at 8 per cent of which non-food credit is at 7 per cent, maybe it has touched 8 per cent in January! Credit to Industry is growing
Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in