-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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The Modi Sarkar’s Project for India’s Informal Economy -Barbara Harriss-White
-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of Narendra Modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
More »How Covid has flattened prices, shifted demand curve for agri-commodities -Harish Damodaran
-The Indian Express Lockdown has led to demand destruction similar to demonetisation even for commodities such as potato and milk that were till recently in short supply While there is debate on how much the lockdown has helped in “flattening the Covid-19 curve”, one thing is clear: It has led to a flattening of prices through a “leftward shift in the demand curve”. The best way to illustrate this is through two agricultural...
More »Locked into the kilns, brick by brick -Varsha Bhargavi
-Ruralindiaonline.org Thousands of migrant workers from Odisha are stranded at Telangana's brick kilns – exploitative worksites made more difficult with the lockdown – and are running out of rations and desperate to return home “There is no lockdown inside the brick kiln. We have been working every day as usual,” said Hruday Parabhue, when we met him on April 5. “The only change is the weekly village market is closed, so we...
More »Jean Drèze, Belgian-born Indian economist and social activist, interviewed by Indivjal Dhasmana (Business Standard)
-Business Standard Dreze was part of academicians and activists who recently wrote to the Centre about the situation of the migrant workers Jean Dreze, a renowned Belgian-born Indian economist, says migrant workers are not feeling safe and that is why they are desperate to go back home. He tells Indivjal Dhasmana the Centre’s new order that labour should stay where it is will be difficult to implement. Dreze was part of academicians...
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