-The Indian Express When it comes to agriculture growth, the NDA government compares poorly with its immediate predecessor. The next government must initiate structural reforms, set realistic targets The Central Statistics Office (CSO) has released the second advanced estimates of national income for 2018-19, along with the quarterly GDP estimates for Quarter 3 (Q3). The overall GDP for Q3 is down to 6.6 per cent and for 2018-19 as a whole,...
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Unmet farm challenge
-The Indian Express Policy still hasn’t adjusted itself to address the crisis of agricultural produce deflation. India’s agricultural output grew by hardly 2.7 per cent during the last October-December quarter. That isn’t bad, if one takes the corresponding year-on-year increases for the preceding 10 quarters; these have ranged between 4.2 per cent and 7.5 per cent. The cause for concern is that these reasonably good production growth rates in “real” terms...
More »Farm income growth slumps to a 14-year-low in Oct-December 2018 -Harish Damodaran
-The Indian Express October-December 2018 is also the second consecutive quarter where growth in gross value added (GVA) from agriculture has been lower in nominal than in real terms. The country’s farm sector output may have grown by just 2.7 per cent year-on-year in October-December 2018, the lowest in 11 quarters. But what should worry the NDA government more than the low increase in “real” terms (i.e. at constant prices) is...
More »Slowing Economy, Rising Joblessness -Subodh Varma
-Newsclick.in New GDP numbers show the deep agrarian crisis and an economy in doldrums, while unemployment continues to grow. Advance estimates of Gross Domestic Product (GDP) for the current year 2018-19, and estimates for the third quarter (Sept-Dec 2018) show unmistakeable signs of a slowing economy, despite the flawed method of calculating these estimates. The country’s economy will grow by 7% in the current year which will end this March. Last year...
More »Maharashtra: Drought and low prices worry gram growers in Marathwada -Partha Sarathi Biswas
-The Indian Express The state has reported 13.13 lakh hectare of chana acreage as compared to 19.77 lakh hectare last year. The acreage had come down this year due to moisture stress from the drought. Pune: Gram growers in the drought-hit district of Marathwada are facing reduced yield and low prices. Low demand and offloading stock by government agencies have dimmed the prices of good realisation for farmers this year. Farmers in...
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