-The Hindu/ PTI The COVID-19 outbreak came at a time when India’s economy was already slowing due to persistent financial sector weaknesses, says World Bank report. Washington: India is likely to record its worst growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said on Sunday. India’s economy is expected to grow 1.5% to 2.8% in the 2020-21 fiscal which started on...
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From Plate to Plough: Growth and the farmer -Ashok Gulati
-The Indian Express Montek Singh Ahluwalia’s book helps frame the problem: Tilt in favour of consumer in food policy reduces incentives for farmers, makes it difficult to unlock resources for growth. Last month, Montek Singh Ahluwalia’s book, Backstage: The Story Behind India’s High Growth Years, was released. It is an account of India’s economic reform journey— a process in which Montek was an insider for about 30 years. Besides some very interesting...
More »Reality of Reforms: Education policy and a Bihar college -Shreya Roy Chowdhury
-Career360.com BEGUSARAI, BIHAR: Ganesh Dutt College in Begusarai, Bihar, offers a paper on gender economics as part of the postgraduate economics programme. It will enrol students, suggest books, conduct internal tests and assess them. It just won’t teach it in class. Students opting for it are on their own. This is not how the economics department wants to run things. But it has 960 undergraduate and postgraduate students and three teachers, who...
More »Making agriculture future ready: How Modi's 'Gram Sadak' scheme is helping
-Financial Express Prime Minister Narendra Modi’s road building scheme for rural India could also hold a key towards uplifting farm economy. FM in her budget announcement said that the centre will “encourage” state governments if they implement reforms for agriculture. Prime Minister Narendra Modi’s road building scheme for rural India could also hold a key towards uplifting farm economy. Under the third phase of PMGSY (Pradhan Mantri Gram Sadak Yojana), the government...
More »With a huge informal economy, government should increase spending, not worry about deficit -Maitreesh Ghatak
-The Indian Express To get the engine of the economy revving, an expansionary fiscal policy that harnesses the energy of the informal sector to boost aggregate demand is the order of the day. That India is in the midst of a serious economic slowdown is no longer in question. The debates are now mostly about what to do about it: Whether to opt for a fiscal expansion to boost demand or to...
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