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
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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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Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand.

Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing..."/>
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Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand.

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                            <div align="justify">-TheWire.in<br /><br /><em>Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand.<br /></em><br />Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India&rsquo;s competitor, because by 2025, China&rsquo;s economy is expected to achieve a GDP of $29 trillion).<br /><br />Then reality, at last, struck the proud citadels of the Prime Minister&rsquo;s Office and North Block, at which point finance minister Nirmala Sitharaman announced a slew of measures. These included retracting the only progressive feature of her budget: the additional surcharge on incomes of the super-rich, reducing the interest on housing loans for government employees, a Rs 20,000 crore stress fund for real estate and sops for exporters.<br /><br />Recently, these sops have been increased further. Rs 50,000 crore has been allocated for exemptions and support for insurance of exporters. Interest rates for all housing loans have been brought down. At the same time, the government capped foreign investment in digital media at 26% and allowed 100% foreign investment for coal mining, associated infrastructure and sales of fuel.<br /><br />However, so far, foreign investment has flowed into non-manufacturing sectors such as PayTM, into shopping malls, food and beverages, and so on. So it does not help the government&rsquo;s &lsquo;Make in India&rsquo; project. In fact, in the recent slowdown, the decline in manufacturing&nbsp; has been a leading factor. Moreover, foreign investment flows tend to hold up the exchange rate of the rupee. As ex-Prime Minister Manmohan Singh pointed out, India should allow the rupee to be devalued.<br /><br />Please <a href="https://thewire.in/political-economy/economic-slowdown-consumption-demand" title="https://thewire.in/political-economy/economic-slowdown-consumption-demand">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="https://thewire.in/political-economy/economic-slowdown-consumption-demand" class="re" target="_blank">TheWire.in, 16 September, 2019, https://thewire.in/political-economy/economic-slowdown-consumption-demand</a><div class="clear"></div>
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                            <div align="justify">-TheWire.in<br /><br /><em>Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand.<br /></em><br />Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India&rsquo;s competitor, because by 2025, China&rsquo;s economy is expected to achieve a GDP of $29 trillion).<br /><br />Then reality, at last, struck the proud citadels of the Prime Minister&rsquo;s Office and North Block, at which point finance minister Nirmala Sitharaman announced a slew of measures. These included retracting the only progressive feature of her budget: the additional surcharge on incomes of the super-rich, reducing the interest on housing loans for government employees, a Rs 20,000 crore stress fund for real estate and sops for exporters.<br /><br />Recently, these sops have been increased further. Rs 50,000 crore has been allocated for exemptions and support for insurance of exporters. Interest rates for all housing loans have been brought down. At the same time, the government capped foreign investment in digital media at 26% and allowed 100% foreign investment for coal mining, associated infrastructure and sales of fuel.<br /><br />However, so far, foreign investment has flowed into non-manufacturing sectors such as PayTM, into shopping malls, food and beverages, and so on. So it does not help the government&rsquo;s &lsquo;Make in India&rsquo; project. In fact, in the recent slowdown, the decline in manufacturing&nbsp; has been a leading factor. Moreover, foreign investment flows tend to hold up the exchange rate of the rupee. As ex-Prime Minister Manmohan Singh pointed out, India should allow the rupee to be devalued.<br /><br />Please <a href="https://thewire.in/political-economy/economic-slowdown-consumption-demand" title="https://thewire.in/political-economy/economic-slowdown-consumption-demand">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="https://thewire.in/political-economy/economic-slowdown-consumption-demand" class="re" target="_blank">TheWire.in, 16 September, 2019, https://thewire.in/political-economy/economic-slowdown-consumption-demand</a><div class="clear"></div>
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                            <div align="justify">-TheWire.in<br /><br /><em>Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand.<br /></em><br />Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India&rsquo;s competitor, because by 2025, China&rsquo;s economy is expected to achieve a GDP of $29 trillion).<br /><br />Then reality, at last, struck the proud citadels of the Prime Minister&rsquo;s Office and North Block, at which point finance minister Nirmala Sitharaman announced a slew of measures. These included retracting the only progressive feature of her budget: the additional surcharge on incomes of the super-rich, reducing the interest on housing loans for government employees, a Rs 20,000 crore stress fund for real estate and sops for exporters.<br /><br />Recently, these sops have been increased further. Rs 50,000 crore has been allocated for exemptions and support for insurance of exporters. Interest rates for all housing loans have been brought down. At the same time, the government capped foreign investment in digital media at 26% and allowed 100% foreign investment for coal mining, associated infrastructure and sales of fuel.<br /><br />However, so far, foreign investment has flowed into non-manufacturing sectors such as PayTM, into shopping malls, food and beverages, and so on. So it does not help the government&rsquo;s &lsquo;Make in India&rsquo; project. In fact, in the recent slowdown, the decline in manufacturing&nbsp; has been a leading factor. Moreover, foreign investment flows tend to hold up the exchange rate of the rupee. As ex-Prime Minister Manmohan Singh pointed out, India should allow the rupee to be devalued.<br /><br />Please <a href="https://thewire.in/political-economy/economic-slowdown-consumption-demand" title="https://thewire.in/political-economy/economic-slowdown-consumption-demand">click here</a> to read more. <br /><br /></div>                                                           
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    <br><a href="https://thewire.in/political-economy/economic-slowdown-consumption-demand" class="re" target="_blank">TheWire.in, 16 September, 2019, https://thewire.in/political-economy/economic-slowdown-consumption-demand</a><div class="clear"></div>
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What the Centre really needs to do if it wants to tackle the economic slowdown -Amiya Kumar Bagchi

Published on Sep 17, 2019   Modified on Sep 17, 2019

-TheWire.in Both the Modi government and former Prime Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand. Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India’s competitor, because by 2025, China’s economy is expected to achieve a GDP of $29 trillion). Then reality, at last, struck the proud citadels of the Prime Minister’s Office and North Block, at which point finance minister Nirmala Sitharaman announced a slew of measures. These included retracting the only progressive feature of her budget: the additional surcharge on incomes of the super-rich, reducing the interest on housing loans for government employees, a Rs 20,000 crore stress fund for real estate and sops for exporters. Recently, these sops have been increased further. Rs 50,000 crore has been allocated for exemptions and support for insurance of exporters. Interest rates for all housing loans have been brought down. At the same time, the government capped foreign investment in digital media at 26% and allowed 100% foreign investment for coal mining, associated infrastructure and sales of fuel. However, so far, foreign investment has flowed into non-manufacturing sectors such as PayTM, into shopping malls, food and beverages, and so on. So it does not help the government’s ‘Make in India’ project. In fact, in the recent slowdown, the decline in manufacturing  has been a leading factor. Moreover, foreign investment flows tend to hold up the exchange rate of the rupee. As ex-Prime Minister Manmohan Singh pointed out, India should allow the rupee to be devalued. Please click here to read more.

TheWire.in, 16 September, 2019, https://thewire.in/political-economy/economic-slowdown-consumption-demand

Tagged with: Effective Demand Rural Demand Economic Slowdown Economic Downturn Purchasing Power

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