-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
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2008 global financial crisis: What government overdid, or didn't do -P Vaidyanathan Iyer
-The Indian Express India bounced back from 2008 crisis thanks to stimulus packages, but faltered by letting these continue. And it still has a long way to go in ensuring greater coordination between govt and financial regulators. India did not have a rulebook to refer to a decade ago when it was hit by a seismic shock with its epicentre some 12,500 km away. In the initial days post the Lehman collapse...
More »GDP grew in double digits twice in UPA era -Asit Ranjan Mishra
-Livemint.com The estimates of GDP and other related aggregates for the period 1993-94 to 2013-14 have been calculated by an NSC committee using a so-called production shift method New Delhi: India’s economy grew in double digits twice during the previous United Progressive Alliance government (UPA) under Prime Minister Manmohan Singh, 10.23% in 2007-08 and 10.78% in 2010-11, according to back series calculations by a committee appointed by the National Statistical Commission. However, the...
More »With rain deficit looming, IMD to 'review' forecast -Jacob Koshy
-The Hindu Shortfall unlikely to impede agriculture, officials say. Amidst concerns that monsoon rains could fall short of “normal,” the India Meteorological Department (IMD) is reviewing its projections. Officials, however, told The Hindu that while July rains were less than expected, the shortfall was confined to the northeastern States of India and below-normal rains were unlikely to impede agriculture production. It’s expected to take a call before the weekend on whether to stick...
More »Kharif planting lags despite MSP hikes, normal monsoon -Harish Damodaran
-The Indian Express One reason for the MSPs not having the desired impact could be the delayed announcement. Farmers usually make sowing decisions before the onset of the monsoon. New Delhi: The government may have substantially hiked minimum support prices (MSP) of crops being grown in the current kharif season. That, along with most parts of India receiving good rain until now, should have considerably boosted plantings by farmers this time. However, the...
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