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India’s second COVID-19 wave too saw penury: study -Jacob Koshy

-The Hindu Hunger Watch-2 finds income dip and hunger, despite no national lockdown. India’s second wave that didn’t see a national lockdown like in the first failed to significantly alleviate economic distress and hunger among the poor, according to a survey of 6,500 respondents in 14 States. The survey, Hunger Watch–2, was commissioned by the Right To Food Campaign and The Centre for Equity Studies from December–2021 to January 2022 to evaluate economic...

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What will be India’s GDP in 2022-’23? The government and RBI have given three answers in 11 days -Rajrishi Singhal

-Scroll.in/ Qz.com While the economic survey and Budget estimate the growth in the coming fiscal year to be 8%-8.5% and 6.6% respectively, RBI forecasts it to be 7.8%. Indians have enjoyed an ever-expanding array of choices for consumer goods over the past couple of decades. In this season of cheer and goodwill, they now have the pleasure of even selecting a version of India’s growth perspectives, depending on the risks playing out. Three...

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Sanjeev Sanyal, principal economic advisor, interviewed by Kamalika Ghosh (OutlookIndia.com)

-OutlookIndia.com The principal economic advisor is confident of achieving GDP growth promised by finance minister Nirmala Sitharaman in the budget but is also cautious that some external factors can derail the projections Automobiles and two-wheelers are seeing muted sales not because of a low-demand situation afflicting the sector, but because there is a supply-side issue about chips, principal economic advisor to the government Sanjeev Sanyal told Outlook Business. He also said that...

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A Budget Whose Silences are Ominous -Prabhat Patnaik

-Newsclick.in The people are thus facing increasingly hard times, but in the bland vision of the Modi government, there is no cognisance of it. However, that itself is ominous because when the balance of payments becomes unmanageable, the Modi government will run to the IMF to ask for a rescue package. No budget in recent memory has been presented at a time when the economy is in such dire straits: unemployment is...

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Why are tomato and onion prices fluctuating?

-The Hindu The unexpected price shocks to onions and tomatoes are triggered by unseasonal rains and prolonged drought The prices of tomatoes and onions are the most volatile in Indian markets. The economic survey 2021-2022, released on Monday, explores the reasons behind the variations in the prices of these two staple vegetables. The survey argues that seasonality in production and irregular shocks contribute equally to volatile prices. The unexpected price shocks to...

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