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The formal-informal divide -Puja Mehra

-The Hindu The slowdown in private investments is visible chiefly in the informal sector, not the corporate sector It is now well recognised that there is an investment slowdown in India, which is delaying a full-blooded recovery in the economy. Private investments, the principle engine of growth, are out of steam. The fall is so severe that it has more than offset the government’s macroeconomic stimulus of increased public investments. The slowdown started...

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The last budget of Modi government -Himanshu

-Livemint.com The budget to be presented on 1 February may be the last full budget of the Narendra Modi government unless it uses the opportunity to revive the economy The budget to be presented on 1 February will be the last full budget of this government. The budget in 2019 will only be a vote-on-account. But whether this will be the last full budget of the Narendra Modi government will depend on...

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Eco Survey 2018: FY19 GDP growth seen at 7-7.5% Surabhi

-The Hindu Business Line The Survey has said that India can be rated as among the best performing economies in the world The Economic Survey 2018 has pegged FY19 GDP growth at 7-7.5%.  The Finance Minister Arun Jaitley on Monday tabled the Economic Survey 2017-18 in the lower house.  The Survey has said that India can be rated as among the best performing economies in the world as the average growth during...

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Only 15% landholders earn 91% of total national income -Richard Mahapatra

-Down to Earth Income inequality makes agrarian crisis challenging; inequality is worse among farmers than the formal economy Economists Lucas Chancel and Thomas Piketty recently concluded after a long study that inequality is at its peak in India. It is embedded in popular conscience: “Top 1 per cent of earners captured 22 per cent of total income in the country.” Their study–covering consumption, government accounts and income tax data from 1922...

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How India lost its historic agriculture recovery growth phase in just four years -Richard Mahapatra

-Down to Earth Government reports say 2004-14 had the highest agriculture growth that has fast slipped back to near-zero growth despite normal monsoons and bumper yields The National Democratic Alliance government is scrambling to rescue the agriculture sector from a crisis never seen before. On January 10, Prime Minister Narendra Modi met over 100 economists in a first ever such interaction. Agriculture, rural economy and unemployment dominated the discussions. Modi’s promise of...

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