-The Hindu Business Line Share of imports to reduce to 55% by FY22, says ICRA Ahmedabad: The Centre’s push for oilseeds production can potentially bring down India’s dependence on imports for edible oil. The share of imports in overall edible oil Consumption may decline from 60 per cent at present to about 55 per cent by FY22, according to rating agency ICRA. The Centre’s National Mission on Oilseeds and Oil Palm (NMOOP) — to...
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Farmers' suicides in Punjab: Looking beyond indebtedness -Sher Singh Sangwan
-The Times of India Punjab, the leader of green revolution during the '70s, has become disreputable for farmers' suicides in last two decade or so. Usually, these suicides are attributed to farmers' indebtedness to banks and commission agents. However, it is to be noted that bank credit has played a pivotal role in investment into tubewells, tractors, farm mechanization, horticulture, dairy, poultry and forestry all over India, and especially in Punjab and...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Taking stock of the Indian Economy: Consumption key to GDP growth
-Livemint.com Nine charts that sketch the anatomy of the slowdown in India’s economic growth and look ahead The Indian economy’s growth in the June quarter, 5.7%, has been worse than expected. Economists expect the current quarter to see much higher growth. But how significant is the slowdown? And how sharp will the recovery be? Here are nine charts that sketch the anatomy of the slowdown and look ahead: Chart 1 shows the depth...
More »Achchhe din's worst day
-The Telegraph The Central Statistics Office reported today that economic growth sank to a three-year low at 5.7 per cent, striking at the core of Prime Minister Narendra Modi's promise of achchhe din. The sharp slowdown is a result of the two biggest disruptive measures taken by the Modi government: demonetisation and the goods and services tax. The double whammy has badly crimped factory output and squeezed the services sector. The GDP growth...
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