Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | A crisis without villains -Harish Damodaran    </title>
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Current economic contraction is different from previous ones. Governments should borrow and spend

India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering..."/>
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Current economic contraction is different from previous ones. Governments should borrow and spend

India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering..." />
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Current economic contraction is different from previous ones. Governments should borrow and spend</em></p><p style="text-align:justify">India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution.</p><p style="text-align:justify">The real GDP decline of 5-10 per cent that various agencies are projecting for 2020-21 would be the country&rsquo;s first ever not triggered/accompanied by an agricultural or a BOP crisis.</p><p style="text-align:justify">This time round, not only have farmers harvested a bumper rabi crop, and look set to repeat it in the ongoing kharif season, public cereal stocks at 94.42 million tonnes as on July 1 were also 2.3 times the required level. The January-March 2020 quarter was the first in 13 years to have recorded a current account BOP surplus. June even saw a surplus on the merchandise trade account for the first time after January 2002. Foreign exchange reserves were at an all-time high of $538.19 billion on August 7, rising by $60.38 billion since end-March amidst the novel coronavirus and the lockdown.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/" title="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/" class="re" target="_blank">The Indian Express, 17 August, 2020, https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/</a><div class="clear"></div>
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Current economic contraction is different from previous ones. Governments should borrow and spend

India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering..."/>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Current economic contraction is different from previous ones. Governments should borrow and spend</em></p><p style="text-align:justify">India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution.</p><p style="text-align:justify">The real GDP decline of 5-10 per cent that various agencies are projecting for 2020-21 would be the country&rsquo;s first ever not triggered/accompanied by an agricultural or a BOP crisis.</p><p style="text-align:justify">This time round, not only have farmers harvested a bumper rabi crop, and look set to repeat it in the ongoing kharif season, public cereal stocks at 94.42 million tonnes as on July 1 were also 2.3 times the required level. The January-March 2020 quarter was the first in 13 years to have recorded a current account BOP surplus. June even saw a surplus on the merchandise trade account for the first time after January 2002. Foreign exchange reserves were at an all-time high of $538.19 billion on August 7, rising by $60.38 billion since end-March amidst the novel coronavirus and the lockdown.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/" title="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/" class="re" target="_blank">The Indian Express, 17 August, 2020, https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/</a><div class="clear"></div>
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Current economic contraction is different from previous ones. Governments should borrow and spend

India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering..."/>
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Current economic contraction is different from previous ones. Governments should borrow and spend

India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering..." />
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    <h1 class="cat-box-title">A crisis without villains -Harish Damodaran</h1>
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                            <p style="text-align:justify">-The Indian Express</p><p style="text-align:justify"><em>Current economic contraction is different from previous ones. Governments should borrow and spend</em></p><p style="text-align:justify">India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution.</p><p style="text-align:justify">The real GDP decline of 5-10 per cent that various agencies are projecting for 2020-21 would be the country&rsquo;s first ever not triggered/accompanied by an agricultural or a BOP crisis.</p><p style="text-align:justify">This time round, not only have farmers harvested a bumper rabi crop, and look set to repeat it in the ongoing kharif season, public cereal stocks at 94.42 million tonnes as on July 1 were also 2.3 times the required level. The January-March 2020 quarter was the first in 13 years to have recorded a current account BOP surplus. June even saw a surplus on the merchandise trade account for the first time after January 2002. Foreign exchange reserves were at an all-time high of $538.19 billion on August 7, rising by $60.38 billion since end-March amidst the novel coronavirus and the lockdown.</p><p style="text-align:justify">Please <a href="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/" title="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/">click here</a> to read more.</p>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/" class="re" target="_blank">The Indian Express, 17 August, 2020, https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/</a><div class="clear"></div>
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A crisis without villains -Harish Damodaran

Published on Aug 17, 2020   Modified on Aug 17, 2020

-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are projecting for 2020-21 would be the country’s first ever not triggered/accompanied by an agricultural or a BOP crisis. This time round, not only have farmers harvested a bumper rabi crop, and look set to repeat it in the ongoing kharif season, public cereal stocks at 94.42 million tonnes as on July 1 were also 2.3 times the required level. The January-March 2020 quarter was the first in 13 years to have recorded a current account BOP surplus. June even saw a surplus on the merchandise trade account for the first time after January 2002. Foreign exchange reserves were at an all-time high of $538.19 billion on August 7, rising by $60.38 billion since end-March amidst the novel coronavirus and the lockdown. Please click here to read more.

The Indian Express, 17 August, 2020, https://indianexpress.com/article/opinion/columns/a-crisis-without-villains-6557602/

Tagged with: Consumer Expenditure Debt to GDP Ratio Economic Deceleration Economic Growth Economic Stagnation Economic Stimulus Fiscal Deficit GDP Growth Monthly Per Capita Expenditure Public Debt to GDP

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