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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...

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The Indian economy is losing momentum, data shows -Nikita Kwatra & Pramit Bhattacharya

-Livemint.com With eight of the 16 high-frequency macroeconomic indicators in the red and only four in green, the Indian economy continues to remain weak, Mint Macro Tracker shows Mumbai/New Delhi: The Indian economy’s momentum continues to slow, shows the latest update of the Mint Macro Tracker, launched in October last year to provide a state-of-the-economy report each month based on trends across 16 high-frequency economic indicators. The Mint Macro Tracker shows that out...

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Only 3% Mudra loans can generate monthly income of more than 10,000 -Prasanna Mohanty

-India Today The Narendra Modi government has claimed that its flagship Mudra loan scheme is generating employment. But, data shows a miniscule number of Mudra loans generate a return that satisfies even the minimum wage requirement. * The Modi-led govt has been showcasing the Mudra loan scheme to claim that millions of jobs are being created * There is no official data available on the number of jobs created due to the Mudra...

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Jean Dreze, the Belgian-Indian economist, interviewed by Ujjawal Krishnam (National Herald)

-National Herald Well-known Belgian-Indian economist Jean Drèze, reflects on the times we live in this animated conversation with Ujjawal Krishnam Jean Drèze, the Belgian-Indian economist, true to his reputation, laces humour and an acerbic wit to reflect on the times we live in. Self deprecating, he brushes aside the question how he juggles between his roles as economist, activist and teacher. He wonders at the multi-tasking ability of Indian women instead. Nor...

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Behind rural slowdown: Credit shows uptick, but still trailing in farm sector -Sandeep Singh

-The Indian Express Data collated from the Reserve Bank of India over the last five years shows that growth in credit outstanding for the priority sector has traditionally been rising at a much faster rate than the growth in gross bank credit An uptick in the economy is clear from the improvement in gross bank credit availability but unlike in the past, lending to the priority sector continues to trail, posting single-digit...

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