-The Indian Express "Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...
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Is the Indian economy staring at stagflation? -Prashanth Perumal J
-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
More »Migration studies need to put in perspective changing patterns of movement -S Irudaya Rajan & H Arokkiaraj
-The Indian Express Of late, there have been changes in the destination choices of Indian migrants. The preference seems to be for non-Anglophone countries despite the integration challenges. Migrants have made NOTAble contributions to their countries of origin as well as destination. This is especially true for South Asia. To commemorate their efforts, the UN celebrates the International Migrants Day on December 18 every year. For several years, India has ranked the highest...
More »Survey data and government claims need not always match -Himanshu
-Livemint.com Let’s not discredit the findings of statistical surveys that are conducted among real respondents The uncomfortable truth that emerged from the leaked report of the Consumer Expenditure Survey (CES) is that rural poverty increased substantially between 2011-12 and 2017-18 for the first time in five decades. That this happened during a period of claimed high growth should have led to more research on what went wrong. Instead, there have been attempts...
More »Liberalising tenancy or grabbing land of the poor? - Vikas Rawal & Vaishali Bansal
-Newsclick.in NSSO data shows that of the total land under tenancy in 2011-12, about 36% was taken on lease by top 30% landowners. The State in India, barring the Left-led governments, has never been committed to implementing redistributive land reforms and securing rights of tenants. After 1991, when India adopted the policies of liberalisation and globalisation, the government stopped paying even the lip service to the programme of land reforms as they...
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