CMIE Current Affairs, GK & News

Global Economic Prospects Report

The World Bank recently released the Global Economic Prospects report. What are the key findings of the Global Economic Prospects report? According to the report the Indian economy is to contract by 9.6% in 2020-21.  The Indian economy is to recover 5.4 percent in 2021-22.  The contraction in Indian economy will be mainly due to ..

Month: 

Category: 

Topics: 

CMIE: Unemployment rate climbs to 27.1%

On May 5, 2020, the Centre for Monitoring of Indian Economy released unemployment data. According to the data, 121.5 million are without works. Highlights The data says that 91,3 million daily wage labourers were out of their jobs due to COVID-19 crisis. Also, 18.2 million entrepreneurs are without work as there are lack of labourers. ..

Month: 

Category: 

Topics: 

Unemployment Rate in India has increased to 23% due to Lock Down

The Centre for Monitoring Indian Economy (CMIE) recently released a survey on the current unemployment situation in India. According to the survey, more than 20% of Indian Economy has lost their jobs since the lock down. Highlights The report said that the unemployment rate for the month of March is expected to be 8.7% as ..

Month: 

Category: 

Topics: 

Ex-CEA’s claim on GDP refuted by the PM s Economic Advisory Council

The Prime Minister s Economic Advisory Council (EAC) has refuted the assertion by the former chief economic advisor (CEA) Arvind Subramanian that India s GDP was overestimated between FY12 and FY17. Arvind Subramanian s Assertion His assertion was that India s GDP growth during 2011-17 was over-estimated. The official figures that the economy grew at ..

Category: 

Topics: 

Examining the Government Data on Job Creation

The Prime Minister while addressing the Lok Sabha made the following claims about the creation: New jobs were created in the unorganised sector, which accounts for 80-85 per cent employment. PM cited an increase in the sale of commercial vehicles, infrastructure building and housing activities as evidence for the claim. PM further said that 1.8 crore ..

Month: 

Topics: