The Central Statistical Organisation estimate of overall GDP being likely to grow at 7.2 per cent this year has brought back the confidence of the industry and policymakers that the economy has truly turned the corner. But the growth of the farm sector is almost flat (-0.2 per cent), though this too is a pleasant surprise given that it was exposed to the worst drought since 1972. The real worry...
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Focus on farm growth, food security bill by Gargi Parsai
Surging food inflation, decline in agriculture growth rate and the impending food security bill are expected to be at the centre of the coming Union budget. With a bumper wheat harvest expected this rabi, there are projections of a turnaround in the farm sector from the present growth rate of 0.2 per cent. Food prices, which grew at an unprecedented rate of nearly 20 per cent in January, are expected...
More »Coming water shortage
India could face a massive 50% water deficit by 2030, the biggest globally, says the recent report of the Water Resources Group (WRG). Fortunately, the supply-demand gap could well be filled, with vision, proactive policy and only modestly higher sectoral outlays, it adds. The WRG, consisting of a panel of global experts, estimates the ‘water availability cost curve’ to meet the heightened demand at about $5.9 billion per annum, or...
More »Challenge of climate change, post-Copenhagen by RK Pachauri
Are the world and human society in general ready and willing to take action on critical issues that require a major change in the manner in which we produce and consume goods and services? The science of climate change is now well established. This is the result of painstaking work of over two decades carried out by thousands of scientists drawn from across the globe to assess every aspect of...
More »Patna unplugged by NK Singh
Is Bihar on steroids, boosted by an excessive stimulus of dramatically higher public outlays than ever in the past? Like all stimulus, does it also bear the danger of slumping back when it is withdrawn? Is the widely acclaimed growth turnaround a durable and sustainable one? These are among the many issues, which are currently being debated. But first the facts. Bihar is the best turnaround story that the country has seen...
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