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India's GDP grows 7.7% in Q4, retains fastest growing economy tag

-PTI NEW DELHI: India's GDP grew at the fastest pace in seven quarters at 7.7 per cent in January-March, retaining the fastest growing major economy tag on robust performance by manufacturing and service sectors as well as good farm output. India's economic expansion at 7.7 per cent was significantly higher than China's 6.8 per cent in the January-March period. However, the Indian economy on yearly basis grew at a four-year low of 6.7...

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Jean Dreze, development economist and social activist, interviewed by Rupashree Nanda (CNN-News18)

-News18.com In an interview with News18’s Rupashree Nanda, Dreze, who was a member of Sonia Gandhi’s National Advisory Council and an architect of the National Employment Guarantee Act (NREGA), says that there have been no major initiatives in the social field in the last four years, with the partial exception of Swachh Bharat. Government data reveal that the Indian economy is growing at a robust rate but noted economist Jean Dreze believes...

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How the data sets stack up -C Rangarajan & S Mahendra Dev

-The Hindu Why measuring inequality is not the same as measuring changes in the level of poverty in India In recent years, there has been a lot of discussion on increasing inequality within several countries of the world, including India, particularly after the publication of Thomas Piketty’s book on inequality. It is true that rising inequality has adverse economic and social consequences. The Gini coefficient or other measures of inequality are being...

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Hard reality and political compulsions may force a rural-focused budget

  Budgetary allocation to a particular sector indicates how much priority the government assigns to that sector as compared to the rest. A preliminary analysis by the Inclusive Media for Change team indicates that the actual expenditure (net of receipts and recoveries) by two of the country’s most important ministries, namely the Ministry of Agriculture & Farmers Welfare (MoAFW) and the Ministry of Rural Development (MoRD) was less than 1 percent...

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A job crisis, in figures -Radhicka Kapoor

-The Indian Express Multiple data sets confirm sluggish pace of employment creation. Paucity of data can no longer be an excuse for the lack of debate. Jobs are an integral part of India’s political narrative today. This is unsurprising because the NDA came to power on the promise of creating a large number of jobs for India’s rapidly rising work force. However, much of the debate on employment performance over the last...

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