EPFO Payroll Data – Estimating the Recovery After Covid-19

While Covid-19 led to unprecedented job losses, the latest EPFO (Employees’ Provident Fund Organisation) data provide considerable hopes of reversion to normalcy. As per the latest release, Indian economy added close to 15 lakh new jobs during Sept’20. This has not only compensated for jobs lost during April-May but helped total jobs added during first … Continue reading EPFO Payroll Data – Estimating the Recovery After Covid-19
.

GDP, Sept’20 Quarter – Analyzing the Performance

The GDP for quarter ended Sept’20 (Q2’FY21) recorded a decline of 7.5%, as per the data released by NSO (National Statistical Office) today. While the contraction would have been a cause of great worry, it is actually quite comforting in the current circumstances. Another positive for the quarter is growth recorded by manufacturing sector, although marginally, which had declined for three successive quarters even before COVID-19. However, what is intriguing is that government curtailed its expenditure during the quarter without waiting for the full recovery. Looking at the performance, it is quite likely that the economy may be able to restrict full year contraction to about 6-7%, lower than projections of close to 10% made so far. Here is a brief analysis of GDP and its constituents. Continue reading GDP, Sept’20 Quarter – Analyzing the Performance

Lakshmi Vilas Bank (LVB) – Analysing the Failure And the Rescue Plan

RBI’s draft proposal for the amalgamation of Lakshmi Vilas Bank Ltd (LVB) brings down the curtains on the 94-years old bank, struggling to survive over last 2-3 years. Even though the bank is rather small, failure of any bank sends strong negative signal and therefore, calls for RBI’s action in case market forces fail to … Continue reading Lakshmi Vilas Bank (LVB) – Analysing the Failure And the Rescue Plan
.

Analysing Inter-State Socio-Economic Disparity

While GDP growth at the national level remains the focus in most discussions, the inter-state disparity goes completely unnoticed. A manifestation of the unbalance was evident during the beginning of the pandemic when mass exodus of migrants occurred, largely from Western and Southern India – the workplace, to Northern and Eastern India – the hometown. … Continue reading Analysing Inter-State Socio-Economic Disparity
.