-The Indian Express Centre must make transparent efforts to push exports consistently and not follow the stop-go policy emanating from price controls for the Indian consumer market. The flashpoint between the agitating farmers and the central government is essentially rooted in the mismatch between the supply and demand for the wheat crop in India. The genesis of the current state of affairs stems from policies initiated over half a century ago when...
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Centre rolls out ₹1.19 lakh-crore stimulus package
-The Hindu Atma Nirbhar Bharat Abhiyan 3.0 includes scheme to incentivise new recruitment. Finance Minister Nirmala Sitharaman on Thursday announced a fresh set of relief and stimulus measures for the economy worth ₹1.19 lakh crore, including a scheme to boost re-employment chances of formal sector employees who lost their jobs amidst the COVID-19 pandemic. The measures, announced a day after the Reserve Bank of India (RBI) said the country had entered into a...
More »Economic Liberalisation and Fertilizer Policies in India -Prachi Bansal and Vikas Rawal
-Society for Social and Economic Research The economic reforms which were started in 1991 shifted the focus of fertilizer policies away from playing a leading role in building the fertilizer industry and ensuring the availability of fertilizers at affordable prices to farmers. Under the neo-liberal policy framework, reducing the fiscal burden of fertilizer subsidies and the foreign exchange burden of fertilizer-related imports became the overriding concerns of the state. Interestingly, the post-liberalisation...
More »Unfair to Change Stand After Leaving Govt: NITI Aayog's Rajiv Kumar Criticises Arvind Subramanian
-TheWire.in Kumar was referring to an article written by the former CEA on the pitfalls of the government's Atmanirbhar Bharat initiative as it pertained to tariffs and exports. New Delhi: NITI Aayog vice-chairman Rajiv Kumar on Wednesday criticised former chief economic adviser Arvind Subramanian for a recent article that pointed out flaws in the Narendra Modi government’s Atmanirbhar Bharat initiative. Subramanian, in an opinion piece co-authored with Pennsylvania State University’s assistant professor of...
More »India’s export opportunities could be significant even in a post-COVID world -Arvind Subramanian and Shoumitro Chatterjee
-The Indian Express Arvind Subramanian, Shoumitro Chatterjee write: Our growth model has been export-led and should not be abandoned. Export opportunities in general and in specific sectors could be significant even in a post-COVID world. India’s intellectual and policy community has embraced atmanirbharta. This inward turn — actually return — amounts to abandoning two core principles of the post-1991 consensus: Export-orientation on the macro-economic side, and slow but steady liberalisation on the...
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