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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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
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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
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
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
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
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
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

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')) {

                trigger_error($message, E_USER_WARNING);

            } else {
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        LATEST NEWS UPDATES | Politics of exclusion and disenfranchisement is hurting investment and India&#039;s cooperative spirit -Kaushik Basu    </title>
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-The Indian Express

What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to..."/>
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What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to..." />
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    <h1 class="cat-box-title">Politics of exclusion and disenfranchisement is hurting investment and India&#039;s cooperative spirit -Kaushik Basu</h1>
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                            <div align="justify">-The Indian Express<br /><br /><em>What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall.<br /></em><br />With India&rsquo;s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not to. India&rsquo;s economy is now spiraling downwards, and there is an urgent need for corrective action. Hence, despite my initial misgivings, I devote this column to India&rsquo;s economy and what the hard numbers tell.<br /><br />The signs of an economic slowdown were visible from 2017. But, the numbers on the economy that have emerged over the past few months are alarming. The contours of the problem are visible from the broad macroeconomic aggregates. From 2004, India got used to being referred to as one of the world&rsquo;s fastest-growing economies, and indeed, it was, for a few years, among three or four of the fastest-growing economies in the world. If we take the latest official growth rate figure of 4.5 per cent released by the government, and insert this in the chart of all countries&rsquo; growth rates for 2019 constructed by the IMF, India is no longer in the top three or four. In fact, it is not in the top 30 or 40. This is an alarming drop in rank. Further, the nation&rsquo;s investment-to-GDP ratio is declining, and non-oil exports are actually shrinking. One strong indicator of the overall growth slowdown is electricity generation. Electricity generation growth is now lowest in at least three decades. It is even lower than what happened during the big economic crisis of 1991. In October this year, electricity output contracted by 12.2 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/" title="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/" class="re" target="_blank">The Indian Express, 25 December, 2019, https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/</a><div class="clear"></div>
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                            <div align="justify">-The Indian Express<br /><br /><em>What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall.<br /></em><br />With India&rsquo;s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not to. India&rsquo;s economy is now spiraling downwards, and there is an urgent need for corrective action. Hence, despite my initial misgivings, I devote this column to India&rsquo;s economy and what the hard numbers tell.<br /><br />The signs of an economic slowdown were visible from 2017. But, the numbers on the economy that have emerged over the past few months are alarming. The contours of the problem are visible from the broad macroeconomic aggregates. From 2004, India got used to being referred to as one of the world&rsquo;s fastest-growing economies, and indeed, it was, for a few years, among three or four of the fastest-growing economies in the world. If we take the latest official growth rate figure of 4.5 per cent released by the government, and insert this in the chart of all countries&rsquo; growth rates for 2019 constructed by the IMF, India is no longer in the top three or four. In fact, it is not in the top 30 or 40. This is an alarming drop in rank. Further, the nation&rsquo;s investment-to-GDP ratio is declining, and non-oil exports are actually shrinking. One strong indicator of the overall growth slowdown is electricity generation. Electricity generation growth is now lowest in at least three decades. It is even lower than what happened during the big economic crisis of 1991. In October this year, electricity output contracted by 12.2 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/" title="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/" class="re" target="_blank">The Indian Express, 25 December, 2019, https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/</a><div class="clear"></div>
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                            <div align="justify">-The Indian Express<br /><br /><em>What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall.<br /></em><br />With India&rsquo;s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not to. India&rsquo;s economy is now spiraling downwards, and there is an urgent need for corrective action. Hence, despite my initial misgivings, I devote this column to India&rsquo;s economy and what the hard numbers tell.<br /><br />The signs of an economic slowdown were visible from 2017. But, the numbers on the economy that have emerged over the past few months are alarming. The contours of the problem are visible from the broad macroeconomic aggregates. From 2004, India got used to being referred to as one of the world&rsquo;s fastest-growing economies, and indeed, it was, for a few years, among three or four of the fastest-growing economies in the world. If we take the latest official growth rate figure of 4.5 per cent released by the government, and insert this in the chart of all countries&rsquo; growth rates for 2019 constructed by the IMF, India is no longer in the top three or four. In fact, it is not in the top 30 or 40. This is an alarming drop in rank. Further, the nation&rsquo;s investment-to-GDP ratio is declining, and non-oil exports are actually shrinking. One strong indicator of the overall growth slowdown is electricity generation. Electricity generation growth is now lowest in at least three decades. It is even lower than what happened during the big economic crisis of 1991. In October this year, electricity output contracted by 12.2 per cent.<br /><br />Please <a href="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/" title="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/">click here</a> to read more. <br /></div>                                                           
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    <br><a href="https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/" class="re" target="_blank">The Indian Express, 25 December, 2019, https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/</a><div class="clear"></div>
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Politics of exclusion and disenfranchisement is hurting investment and India's cooperative spirit -Kaushik Basu

Published on Dec 26, 2019   Modified on Dec 26, 2019

-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not to. India’s economy is now spiraling downwards, and there is an urgent need for corrective action. Hence, despite my initial misgivings, I devote this column to India’s economy and what the hard numbers tell. The signs of an economic slowdown were visible from 2017. But, the numbers on the economy that have emerged over the past few months are alarming. The contours of the problem are visible from the broad macroeconomic aggregates. From 2004, India got used to being referred to as one of the world’s fastest-growing economies, and indeed, it was, for a few years, among three or four of the fastest-growing economies in the world. If we take the latest official growth rate figure of 4.5 per cent released by the government, and insert this in the chart of all countries’ growth rates for 2019 constructed by the IMF, India is no longer in the top three or four. In fact, it is not in the top 30 or 40. This is an alarming drop in rank. Further, the nation’s investment-to-GDP ratio is declining, and non-oil exports are actually shrinking. One strong indicator of the overall growth slowdown is electricity generation. Electricity generation growth is now lowest in at least three decades. It is even lower than what happened during the big economic crisis of 1991. In October this year, electricity output contracted by 12.2 per cent. Please click here to read more.

The Indian Express, 25 December, 2019, https://indianexpress.com/article/opinion/columns/indian-economy-slowdown-price-hike-6183386/

Tagged with: Citizenship Act Citizenship Amendment Act 2019 Citizenship Amendment Bill Economic Slowdown Economic Downturn

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