-The Hindu The methodology behind the OECD’s numbers, that suggests negative support, has pitfalls and limitations The ongoing stalemate between the farmers protesting over the recently passed farm laws and the government has sparked an interesting debate regarding the level of agricultural support. Many media reports, based on data by the Organisation for Economic Co-operation and Development (OECD), have ostensibly stated that the support provided to Indian agriculture is extremely low or...
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The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida
-The Indian Express The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms...
More »How India could spend its way out of the Great Recession -Nikita Kwatra and Pramit Bhattacharya
-Livemint.com The government will have to ensure its spending improves economy-wide productivity, and its own revenue-generating capacity, to avoid a stagflationary trap After dithering on a fiscal stimulus package for nearly a year, India’s finance minister Nirmala Sitharaman has declared that she will not allow the fiscal deficit number to worry her too much as she pushes spending to revive growth in the upcoming budget. The government hopes that growth will generate higher...
More »Seven key takeaways from India’s latest GDP data -Udit Misra
-The Indian Express India’s GDP 2020-21: This year, India’s per capita GDP, per capita private consumption and the level of investments in the economy — all will fall to levels last seen in 2016-17 or earlier, reveals latest official GDP data. On Thursday, the Ministry of Statistics and Programme Implementation released the First Advance Estimates (FAE) for the current financial year. According to MoSPI, India’s gross domestic product (GDP) — the total...
More »The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
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