-The Hindu The government has failed to heed recommendations made by economists and bureaucrats on turnaround measures One of the visitors to pay a courtesy call on Prime Minister Narendra Modi after his re-election this summer was a former Secretary to the Government of India holding a high-profile constitutional office. During the conversation, the Prime Minister asked: “Arthvyavastha ka kya karna chahiye? (What should be done about the economy?)” The former bureaucrat ,...
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Food inflation falls to lowest level since 1991 -Surojit Gupta
-The Times of India Average food prices in 2018-19 were almost the same as they were in 2017-18—a phenomenon not seen for at least 27 years. An analysis by credit rating agency Crisil shows food inflation measured by the consumer price index rose only 0.1% in 2018-19. The last time annual food inflation had fallen below 1% was in 1999-2000. Economists attribute low food prices to a string of factors including bumper...
More »Farmers bear the burden of deflation -Harish Damodaran
-The Indian Express Demonetisation, coupled with daily limits on cash transactions and fear of being tracked by revenue authorities post the Goods and Services Tax regime, have made traders less inclined to purchasing and stocking up produce during the harvest season. The defining feature of Indian agriculture in the last five years — much of it under the Narendra Modi government’s tenure — has been low prices for farm produce. The accompanying...
More »Why number of hungry is rising -Harish Damodaran
-The Indian Express After number fell from 2003 to 2014, UN data find trend reversed. Yet since 2014, global farm commodity prices have been falling. Here is why that has not stopped the rise in the number of hungry people A decade-long phenomenon of the number of undernourished people in the world falling between 2003 and 2014, both in absolute terms (from 961.5 million to 783.7 million) and relative to total...
More »Is food inflation round the corner? -Harish Damodaran & Parthasarathi Biswas
-The Indian Express First, it was low prices and, now, with soaring input costs, farmers may cut back on sowings Nashik/ New Delhi: During much of the current government’s tenure, Indian farmers have suffered from poor crop realisations, partly due to the crash in global agri-commodity prices after around April 2014 and aggravated by demonetisation and GST (goods and services tax) that have depressed sentiment in predominantly cash-based produce markets. One indicator...
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