-The Telegraph Why are animal spirits in quarantine? Animal spirits, the primordial driver of Growth that is unquantifiable, are once more in the spotlight. The current context is the dire Growth outlook from the Covid-19 impact, future prospects and how to improve these. However, the absence of animal spirits has been felt and commented upon longer than that. It can be traced as far back as the 2012-13 slowdown, or the shortfall...
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A crisis without villains -Harish Damodaran
-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...
More »Let’s talk about rights in a democracy
-The New Indian Express In times like these when the world is riddled with extreme polarities, a new book, titled, We the People, brings a collection of essays that centres on Growth of universal rights. In times like these when the world is riddled with extreme polarities, a new book, titled, We the People, brings a collection of essays that centres on Growth of universal rights. Authors Nikhil Day, Rakshita Swamy and...
More »The illusion of a revival in the country’s agricultural sector -Himanshu
-Livemint.com Big hopes are being pinned on farming but its performance is not as impressive as made out to be Most recent economic indicators suggest a modest recovery compared to the first two months of India’s lockdown. But when compared to the data of last year, it also becomes clear that an economic comeback is likely to be a long-drawn affair. There is also a consensus that a recovery will be contingent...
More »Nutrition should not be forgotten in the face of pandemic -Rahat Tasneem
-Centre for Budget and Governance Accountability Despite considerable progress made over the decade, India still carries the burden of undernutrition with 38.4, 21, and 35.8 per cent of children under five facing stunting, wasting, and underweight respectively, more than 50 per cent of children and women being anaemic, and 31.5 per cent of women having less than normal body mass index (BMI). Interventions by the government to combat undernutrition are covered under...
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