-The Hindu India’s GDP growth continues to be powered by consumption, not investments A question being raised about the GDP estimates for the first quarter of this year (April-June) is: How should 8.2% GDP growth be interpreted in, or reconciled with, the overall context of some of the pronounced trends in the economy? These include the depreciating rupee, rising bank bad loans, or non-performing assets (NPAs), a trade deficit that has shot...
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Rural wage growth killed by demonetisation; fell from 11% to mere 0.45% in last 3 years, shows Ind-Ra data -Pragya Srivastava
-The Financial Express India’s rural wage growth has slumped from an average of 11% in the financial years 2013-15 to a mere 0.45% in the financial years 2016-18, due to the negative impact of demonetisation, a report said. An analysis of 25 different occupations in rural areas by India Ratings showed that rural wage growth slumped to decimal points from double-digit in last three years despite government support. India Ratings noted that...
More »David Barkin, Professor of Economics at the Metropolitan Autonomous University in Mexico City, interviewed by Kabir Agarwal (TheWire.in)
-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...
More »The food economy: A Catch-22 for policymakers
-Livemint.com The best way to double the real incomes of Indian farmers would be to halve their numbers through job creation in other parts of the economy The Narendra Modi government last week announced sharp increases in minimum support prices (MSPs) for a variety of farm products. The move itself is not unexpected. The first sign that the Modi government would shift away from its earlier strategy of minimal hikes to douse...
More »Aadhaar linking cuts NREGS wage delays, fund transfers double too -Rajeev Deshpande
-The Times of India NEW DELHI: Linkage of MGNREGS accounts with an Aadhaar-linked payment (ALP) system significantly boosted efficiency of wage transfers, doubling funds transferred and increasing work allotted in times of distress as compared to previous years when demand actually dropped during economic stress due to leakage and delays in payments. An Indian School of Business study that examined annual data for blocks which had drought conditions in financial years 2012-2017...
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