-Down to Earth Farmers and farm labourers, who want to quit agriculture, are stuck in the non-remunerative work since other sectors are not generating jobs at the required rate We are fairly sure by now that the upcoming Budget would be the first government instrument towards the prime minister’s ambitious plan of making India a $5 trillion economy by 2024. Currently, India is nearly a $2.8 trillion economy. It is obvious we...
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WHO seeks to curb menace of drug resistance -Sushmi Dey
-Down to Earth NEW DELHI: World Health Organisation (WHO) has classified antibiotics into different groups based on their therapeutic efficacy and to curb the increasing risk of superbug infections. It has asked member-countries, including India, to adopt the classification in their health systems to cut the spread of antimicrobial resistance. Antibiotics are the most sold drugs segment in India with sales of over Rs 1,000 crore. The WHO classification specifies which antibiotics...
More »India's missed growth opportunities -Nikita Kwatra
-Livemint.com * In her new book, Puja Mehra analyses the political and economic policies of a decade that have brought India’s growth rate to its current crisis * She uses her insights as a trained economist as well as journalist to explain the workings of the governments in power In the last couple of years, India has been on a shaky growth path, regularly being called “the world’s fastest-growing economy" and losing grip...
More »Reimagining the NITI Aayog -Vijay Kelkar & Abhay Pethe
-The Hindu The institution can play an important role in refreshing India’s fiscal federalism India’s Constitution-makers thought of India as a union of States with a centripetal bias, done, advisedly, to preserve the unity and integrity of a newly fledged nation. Since then, the Indian economy, polity, demography and society have undergone many changes. The new aspirational India is now firmly on a growth turnpike. It is in this context that we...
More »Why the Core of ex-CEA's Argument on India's GDP 'Overestimation' Stands -Prabhat Patnaik
-Newsclick.in After economic liberalisation, barring a brief hiatus, the growth rate has scarcely moved up compared with earlier, with manufacturing -- the sector that counts most -- often logging lower growth than before. The “gross domestic product” (GDP) is a concept rooted in an epistemic position which is intrinsically incapable of recognising the existence of a “surplus” in society. A simple example will make this clear. Suppose we have an agrarian economy...
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