https://padlet.com/roanchoo/xt3g2gj226tj Ong Beng Soon(S1018689B), Koh Jie-En Eldon(S10187192F), Mardeanah Bte Matsah(S10184881F), Choo Rong Le Roan(S10186150G), Solomon Chan Kay Pong(S10184525J), Chan Zi xuan(S10188400C) en-us 2018-11-19 14:28:41 UTC 2025-12-11 01:32:47 UTC hello@padlet.com Sally744 https://padlet.com/roanchoo/xt3g2gj226tj/wish/306206112 https://www.forbes.com/sites/panosmourdoukoutas/2018/10/11/modis-economy-is-getting-better-but-indians-are-worse-off/#7dbc31f7161c
-According to the recently published IMF World Economic Outlook, it predicts that India’s economy will grow at 7.3% in 2018 and 7.4% in 2019, up from 6.7% in 2017. It is expected India's economy will grow faster than China's in the near future.
-Despite this, Indians on the other hand are worse of. This is according to a Gallup survey last month, which finds that Indians' ratings of their current lives nationwide are the worst in recent record, an average of 4.0 on a 0-to-10 scale in 2017 – down from 4.4 back in 2014.
-One reason for this is that the Living Family Wage in India remains almost flat in the 17300-17400 INR/Month range over his tenure. Meanwhile, wages paid to low-skilled labor decreased to 10300 INR/Month in 2018 from 13300 INR/Month in 2014. -Since inflation is also present, the real income of indians have decreased since their wages have stagnated. As a result, they are able to buy less consumer goods leading to a drop in quality of life.
Under prime minister Modi office, India has a growth in GDP
-Due to Modi implementation of Gst on  7/1/2017
-Market liberalization. Opening up the India market for easier trading by other countries. ]]> 2018-11-20 06:11:44 UTC https://padlet.com/roanchoo/xt3g2gj226tj/wish/306206112 Sally744 https://padlet.com/roanchoo/xt3g2gj226tj/wish/306211347 https://www.businessinsider.in/india-records-the-highest-unemployment-rate-in-two-years-says-study/articleshow/66555760.cms
-India’s unemployment rate jumped to a two-year high to 6.9% in October 2018, according to a report by the Centre for Monitoring Indian Economy.
-Only 39.5% of the Indian adult population was employed as of October, the lowest employment percentage, said the report. An estimated 397 million people were employed in October 2018, down 2.4% compared to last year.
-The report emphasises that following demonetisation, many exited the labour market as it became harder to find jobs resulting in many discouraged workers as they gave up on finding a job and exited the labour market along.
-However, in the last one year, the number of job seekers have doubled from 14 million in July 2017 to 29.5 million in October 2018. The sudden surge can be because of labour returning back to the market to look for jobs after demonetisation. 
-That was also partly due to few large openings being advertised by the government. Meanwhile, private enterprises didn’t adequately invest towards creating more jobs, added the report.]]> 2018-11-20 06:54:59 UTC https://padlet.com/roanchoo/xt3g2gj226tj/wish/306211347 s10184661 https://padlet.com/roanchoo/xt3g2gj226tj/wish/306317492 https://auto.economictimes.indiatimes.com/news/industry/rbi-move-to-boost-indian-banks-lending-ability-by-up-42-billion-sources/66708607
- RBI's board meeting reported that India's surplus reserves, in terms of money, shall be utilised by lending it to small-medium sized businesses in the hope to boost India's economy. 
- Members of the RBI also initiated to provide less stringent rules (reduction in the amount of capital) for potential entrepreneurs to acquire bank loans. 
- This initiative is aimed to create employment opportunities for locals and drive small businesses into making profits. 
- The India Government expects that this boost the circular flow of income in the factor market. ]]> 2018-11-20 13:06:11 UTC https://padlet.com/roanchoo/xt3g2gj226tj/wish/306317492