-The Hindu Business Line Acreage under oilseeds, paddy and other rabi crops gains Wheat acreage in Uttar Pradesh, the country’s largest producer of winter-grown cereal, has jumped 36 per cent to 75.91 lakh hectares (lh) as of Friday from 55.82 lh a year ago. This has, in turn, resulted in the country’s overall sowing of all crops registering a 15 per cent Growth in the ongoing rabi season so far. As of December...
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India’s Manufacturing Growth Slowdown a Decadal Problem -Deepanshu Mohan
-TheWire.in In India’s Growth trajectory, for over a decade, domestic private investment levels have remained consistently low and so has (domestic) manufacturing Growth. As per recent quarterly estimates, India’s Growth rate slowed to 6.3% in the September quarter of 2022-23. There is evidence of a notable contraction in output of manufacturing that’s pulling down Growth. This author has previously argued that quarterly Growth estimates may not reveal the real state of an economy....
More »World Bank ups Growth for this fiscal to 6.9 per cent
-The Telegraph This is the first upgrade of India’s Growth forecast by any international agency amid global turmoil India’s economy is expected to grow 6.9 per cent in the current fiscal year, the World Bank said in a report on Tuesday, citing tightening monetary policy and high commodity prices as factors impacting the country’s Growth. The Bank had trimmed its Growth forecast for India to 6.5 per cent in early October from a...
More »India moves to develop its own Growth standards for kids -Sumi Sukanya Dutta
-Moneycontrol.com The development comes amid growing evidence that Indian kids, even those from affluent backgrounds, have much lower values for height and weight against WHO standards. One expert warned that nearly 30% of Indian children under 5 are malnourished and by using the new standards, the government may show that to be just 15-20% The Indian government, for the first time, has initiated moves to develop country-specific Growth standards for children amid...
More »Instead of Withdrawing Food Security, a Minimum Income Guarantee Is Needed -Santosh Mehrotra, Anjana Rajagopalan and Rakesh Ranjan
-TheWire.in A Minimum Income Guarantee would not just cushion exogenous shocks, but would arrest the process of vulnerability begetting vulnerability. While the worst of the pandemic is behind us, there has been a decline in general purchasing power amidst inflation. The provisional Consumer Food Price Index (combined for rural and urban) for September 2022 is pegged at 8.6%, a huge increase from 0.68% for September 2021. The latest Periodic Labour Force Survey (PLFS)...
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