-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
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Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Onion prices soar on supply squeeze -Vishwanath Kulkarni & Rahul Wadke
-The Hindu Business Line Scale Rs. 2,300/quintal; reports of traders hoarding the bulbs Bengaluru/ Mumbai: Onion prices at Lasalgaon, the country’s largest wholesale market for the vegetable, surged on Thursday to touch a high of Rs. 2,300 per quintal on tight supplies. The modal prices have almost doubled over the past two days and more than quadrupled since early July, when prices hovered around Rs. 500. Prices across the country are expected to...
More »Farm crisis: Landless may be better off, but landed are worse off; here is what you should know of rural distress puzzle -Pranjul Bhandari
-The Financial Express The state of India’s rural economy is puzzling. There is enough evidence to support both opposing statements: one, that the rural economy has improved, and two, that the rural economy is in the doldrums. Some macro indicators have improved, though. The rural unemployment rate has been falling, while rural wages have been rising, particularly on a real basis. Alongside, indicators such as two-wheeler sales and consumer non-durables production...
More »India's pulse dilemma -Uttam Gupta
-The Pioneer While the Government has done its bit to boost the output of pulses, it has done little to check the nexus between politicians and grain traders For several decades, production of pulses in India has fallen substantially short in terms of consumption. This persistent deficit has led to intermittent bouts of spike in prices as imports (needed to plug it) have often come after lag and have failed to reach...
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