According to the document entitled Green Paper on Farmers, Farming & Rural Economy 2018: 4 Years - 4 Budgets: What Has This Central Government Delivered?, which has been prepared by Jai Kishan Andolan, Swaraj India, ASHA and Rythu Swarajya Vedika (published on 30 January, 2018): Far from giving farmers and farming ‘the highest priority’ during a period when they most needed the governmental support, the present NDA government has tried to...
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Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University, interviewed by Mohit M Rao (The Hindu)
-The Hindu The former Chief Economic Adviser on India’s current slowdown in economic growth and the mix of policies needed to reignite it In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies...
More »Facing the slowdown -Kaushik Basu
-The Indian Express India’s economy is not doing well. Only carefully crafted policy reforms can turn it around The Indian government recently lowered its economic growth forecast for 2017-18 to 6.5 per cent, and there is reason to be concerned. That the economy would suffer a slowdown after demonetisation was inevitable, as all professional economists could see. But growth dropping to 5.7 per cent and 6.3 per cent in, respectively, the first...
More »How government can double farmer incomes
-Livemint.com Farmers need structural reforms, crop diversification and greater public investment rather than subsidies and price support Indian agriculture has been relatively untouched by the structural reforms that lifted incomes in other parts of the economy. Low farm productivity meant that governments tried to improve the lot of farmers through price policy. The problem is that engineering a shift in the terms of trade through higher support prices usually leads to generalized...
More »Potato portents -Ajay Vir Jakhar
-The Indian Express The crisis in the crop’s prices in two of the four years of the Modi government illustrate that farmers no longer matter to it. Farmers are habitually great raconteurs. My grandfather would often narrate an episode, when he encountered a farmer sitting by a heap of potatoes in the middle of the night. On investigating what compelled the farmer to guard potatoes when there were no buyers, he was...
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