-The Indian Express With economic activity severely disrupted in the first two months of this fiscal, hit hard by a series of localised lockdowns and rising Covid-19 cases, GDP contraction for the first quarter is being pegged at an average 20 per cent by economists, with the de-growth range between 15.2 per cent and 25.5 per cent. The April-June Gross Domestic Product (GDP) will mark India’s entry into a recessionary phase —...
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Food Consumption Trends Point at Real Income Decline Before Pandemic -Prabhat Patnaik
-Newsclick.in Why has there been a tendency toward persistent ‘excess supply’ in the foodgrain market when growth rate of foodgrain output has barely exceeded the population growth rate? The pandemic and the lockdown are certainly causing an absolute shrinkage in the gross domestic product (GDP) of the Indian economy. But these tend to obscure something very serious that was happening even earlier, namely, a real income decline for vast numbers of working...
More »Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)
-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...
More »Jean Drèze, development economist and social activist, interviewed by Shreehari Paliath (IndiaSpend.com)
-IndiaSpend.com Bengaluru: Global economic output is expected to contract by 4.9% in 2020 owing to the COVID-19 lockdown. India announced a lockdown on March 24, 2020, which was extended over two months, and continues in pockets of states depending on the spread of the disease, which has now infected more than half a million people in the country. The lockdown impacted millions of inter-state migrant workers who form the bulwark of India’s...
More »GDP Growth Rate Slump: Another Blow to Modi Govt's Economic Growth Story -AK Bhattacharya
-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The Narendra Modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...
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