-Down to Earth blog Palm oil is water-intensive and requires large patches of land India is the second-largest consumer of edible oil globally and its largest importer. While the government has taken several initiatives over the years to increase the domestic production of edible oils, its shortage and high price are often in the news. Palm oil production grew between 2015-2016 and 2020-2021 at a compound annual growth rate of 6.1 per cent,...
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IMF paints a gloomy growth picture -Partha Ray and Parthapratim Pal
-The Hindu Business Line Nations must rely more on innovative, home-grown solutions to deal with the uncertain economic situation The International Monetary Fund (IMF), in its latest July 2022 World Economic Outlook (WEO) Update, foretells a story of a gloomy and more uncertain outlook for the global economy. While the global growth was projected at 3.6 per cent in April 2022, as per the latest July 2022 projections, it is 3.2 per...
More »Rebuild agriculture to make it future-ready -Devinder Sharma
-The Tribune Rebuild agriculture to make it future-ready With Green Revolution having outlived its utility, it’s time to move to the next stage. The 75th anniversary of Independence provides an excellent opportunity to rethink and redesign the road map. This will call for moving away from the economic thought that has always relied on sacrificing agriculture for the sake of industry. The focus has to be on making the village the hub...
More »Reconceptualising Women’s Work in the the National Sample Survey -Santosh Mehrotra
-The India Forum A good approach to build a new framework for measuring women’s work better is for the National Statistical Office to accept the definitions and categories recommended in 2013 by the 19th International Conference of Labour Statisticians. The female labour force participation rate of women (LFPR) in India is one of the lowest in the world, and falling. It is even lower than that in neighbouring countries. The reasons for...
More »Whose GDP is it anyway? -Praveen Chakravarty
-The Hindu It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework In a few weeks, a quarterly ritual will play out in India. The Government will release the first quarter’s Gross Domestic Product (GDP) growth numbers with some chest-thumping about how India is among the fastest-growing economies in the world. Opposition parties will hold press conferences on the same day to counter such bombast...
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