-The Hindu All categories of manufacturing industries showed a contraction in production, with the worst affected being the automobile sector India’s factory output plummeted to record lows in March, with the Index of Industrial Production contracting 16.7%, reflecting the drastic impact of the countrywide lockdown that began on March 25. This comes after a positive Growth of 4.5% recorded in February. Manufacturing sector output slumped 20% in March, while electricity generation shrank almost...
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A new concern: early locusts -Parthasarathi Biswas
-The Indian Express Locusts normally arrive during July-October, but have already been spotted in Rajasthan. At a time India is battling Covid, they present a new worry with their potential for exponential Growth and crop destruction. On April 11-12, scientists at the Locust Warning Organisation (LWO) observed groups of grasshoppers at Sri Ganganagar and Jaisalmer districts of Rajasthan. But far from ordinary hoppers, these were desert locusts — the same destructive migratory...
More »Slower Growth and a tighter fiscal -C Rangarajan and DK Srivastava
-The Hindu India slid into the pandemic crisis in the backdrop of economic downslide; fiscal stimulus has to be structured The impact of COVID-19 will be debilitating for the global as well as the Indian economies. Various institutions have assessed India’s Growth prospects for 2020-21 ranging from 0.8% (Fitch) to 4.0% (Asian Development Bank). This wide range indicates the extent of uncertainty and tentative nature of these forecasts. The International Monetary Fund...
More »Boost wages to stimulate India’s Growth -Jayan Jose Thomas
-The Hindu The economic crisis can be overcome only by raising the consumption of and investment for the poor Impoverishment among English workers during the early years of the Industrial Revolution had prompted Leicester framework knitters to frame this resolution in 1817: “… if liberal Wages were given to the Mechanics in general throughout the Country, the Home Consumption of our Manufactures would be immediately more than doubled, and consequently every hand...
More »COVID-19: Can we flatten the un-sustainability curve? -Venkatesh Dutta
-Down to Earth The Earth needs to resurrect and heal. It is the right time to define collective Growth and prosperity, not in terms of rising income but rising ecological wellbeing Severe Acute Respiratory Syndrome, Middle East Respiratory Syndrome and Ebola have shaken the global economy and society in the last two decades. The novel coronavirus disease (COVID-19) disease is following suit. The nature has hit a reset button. Economies are in a...
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