In the financial year 2017-18 when tractor sales touched new heights, it was said by many of the NDA (viz. National Democratic Alliance) government supporters that rural demand has revived on account of adequate monsoon rainfall and higher minimum support prices for crops. Many economists and newspaper columnists also denied the existence of any rural distress. An alternative perspective, however, was also presented by rural economists like Dr. Himanshu who teaches...

-Newsclick.in Measures announced by the finance minister are mere concessions to industry lobbies and stock market, and don’t address lack of demand. The raft of measures announced by India’s finance minister Nirmala Sitharaman for supposedly boosting a sinking economy are unlikely to rescue flagging economic growth and don’t even address the key problems of lack of purchasing power with the people and raging unemployment. It’s rearranging the furniture when the house is...

-Scroll.in The company said higher taxes in the GST system had forced it to increase prices. It caused consumer demand to fall. Biscuit maker Parle Products Private Limited on Tuesday said it may lay off almost 10,000 employees if the demand slowdown continues, The Economic Times reported. “We have sought reduction in the Goods and Services Tax on biscuits priced at Rs 100 per kg or below, which are typically sold in...

-Scroll.in More than a tenth of GDP is provided by government expenditure. This is (more) bad news for the Indian economy. In 1773, the British Parliament passed the Regulating Act, appointing a governor general to oversee all of British India. This law marked the beginnings of the Central government of the British Raj, the single most significant institution to shape the Indian subcontinent for the next two centuries. It continues till today...

-Livemint.com * An analysis of indicators that make up India's GDP reveals the extent to which the economy has slowed down * How does one explain the fact that home loans are growing and so is the number of unsold homes? It may be that people are buying homes from investors, not builders The rain has stopped. You step out of home to run a few errands. On the way, you find ?500...