A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...

-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...

-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...

-Down to Earth Now, government has promised ‘world’s largest health scheme’ whose implementation is not possible, at least in 2018. Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) used the phrase ‘quality health for all’ in its manifesto when Narendra Modi was pushing for his prime ministerial candidature in 2014. It gave hope to many who were campaigning for robust healthcare system in India. However, with the government completing four years...

-The Hindu Business Line An analysis of how agri concerns will play out in four poll-bound States this year has some key takeaways for politicians ‘Rural distress’ became the major economic narrative to interpret the recent Assembly elections results for Gujarat, specifically the fact that rural support for the incumbent government was considerably less than the support from cities. The woes of the rural sector could be a bigger issue this year. Of...