-Livemint.com It is clear that not only has the govt failed to do anything to revive the sagging rural demand, it has also refused to acknowledge the demand problem The fact that the economy is on a downward slide is no longer a matter of debate. It is neither a technical issue nor is it a transient blip which will go away on its own. However, matters are complicated as far as...
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Face the decline -Himanshu
-The Indian Express To suggest that demonetisation improved rural wages on the basis of rise in income of some workers is misleading. It halted the recovery of the rural economy, which had begun after the 2016 monsoon. There is now a consensus that the economy has been slowing down and is headed for a hard landing. Many who matter have spoken out and as Yashwant Sinha points out (‘I need to speak...
More »Herd Mentality -Himanshu Upadhyaya
-CaravanMagazine.in How political rhetoric has drowned out the economic realities of cattle-slaughter bans In mid August, news broke that more than 200 cows had starved to death in a shelter in Chhattisgarh owned by a Bharatiya Janata Party leader named Harish Verma. After the reports appeared, Verma protested that he had not received funds that the government had promised him for the shelter. But the irony could not have been starker. The BJP...
More »Do we really need interlinking of rivers? -Himanshu Thakkar
-Livemint.com The river interlinking project will adversely affect land, forests, biodiversity, rivers and the livelihood of millions of people Interlinking of rivers is a very expensive proposal. It has huge adverse environmental impacts on land, forests, biodiversity, rivers and the livelihood of millions of people. It is a socially disruptive proposition. It will not only add to climate change impact (destruction of forests means destruction of carbon sinks, and reservoirs in tropical...
More »Himanshu, an associate professor in economics at Delhi's Jawaharlal Nehru University, interviewed by Nitin Sethi (Scroll.in)
-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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