MANMOHAN SINGH AND ECONOMICS Sanjaya Baru’s article "The economist as saviour", an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. Sanjaya Baru’s article “The economist as saviour” (editorial page, The Hindu, July 4, 2012), an account of Prime Minister Manmohan Singh’s economics could have juxtaposed specific issues of economic policy with Dr. Singh’s stance on them. What we...

-The Hindu Unsustainable import competition and the end of the investment subsidy that the sale of under-priced resources provided to Indian companies are the main reasons why the economy has slowed down What has been called the ‘golden age’ of India’s economic growth was underpinned by global integration, high rates of investment and savings growth and low current account deficits. The slowdown is characterised by a sharp deceleration in investment growth on...

-The Economic Times Piyush Khanolkar, a 38-year-old farmer from the Marathwada district of Maharashtra, has just sold off 10 gm of gold which he had accrued over a period of last five years to a local jeweller. With good rains not in sight yet, he has been forced to sell off the gold to create a corpus to meet his family needs in the coming months if there is a crop failure. Prabhu...

While any loss in production following the dry spell will further hit the growth story, it will also push up food inflation. considerably. Once again the rain gods are playing truant. With 31 per cent shortfall in June, and with an expectation of only 70 per cent of the predicted 96 per cent rainfall for the July-August months, crucial for farming operations, kharif sowings have already been hit.   In June alone,...

-Down to Earth   Buy an Indian breed from Australia In June last year, we visited Malaysia on the invitation of the country’s oldest and most active consumer action group, The Consumer Association of Penang, to study the livestock production systems and to advise on how these can be transformed into more sustainable and less industrial farming systems. The past 40 years of aggressive industrial growth in Malaysia has seen small-scale peasant agriculture and...