-Business Standard Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy with Dilasha Seth, Arup Roychoudhury and Indivjal Dhasmana. Edited excerpts: * In the mid-year economic analysis, you talked of revisiting the fiscal numbers for 2016-17. Is it a view of the chief economic advisor (CEA) or that of the government? I see my role as a member of the government. I...

-The Hindu The Modi government’s policy is choking domestic demand at a time when global demand is also weak. This is hardly a recipe for double-digit growth. The title seems provocative. After all, for the last several months, we have all heard that India is now the fastest growing large economy in the world. The Finance Minister keeps assuring us that the country’s economic revival is on a firm footing and that...

-Hindustan Times The recently released census data on India’s youth unemployment has only confirmed what some experts have been cautioning about. Nearly one in every four or 24% of those between 20 and 24 years of age are looking for jobs. Given the size of India’s population, this translates into millions of youth who join the army of job hopefuls every year. This raises some serious questions. How many workers will...

-Hindustan Times If you are a fence sitter on the Mahatma Gandhi National Rural Employment Guarantee Programme (MNREGA), not sure whether it is good or bad, here is data to confuse you some more. As payments for jobs under the scheme remain sluggish, there has been a 60% increase in households registering for the programme in the August to November period this year. The higher registration of households is expected to push...

-The Asian Age It’s a huge story. And it’s not getting the kind of media attention it deserves. It’s a story about India’s farmers. It’s a story about the ongoing agrarian crisis in the country in the wake of two successive years of drought. If one looks only at the figures of growth of gross domestic product which tend to make headlines in financial publications, there’s no story for agriculture comprises...