Recent studies and media reports have confirmed that Indian farmers are facing non-remunerative and sometimes falling prices. A past news alert by the Inclusive Media for Change team indicated deflation in wholesale prices of 8 kharif crops (viz. maize, arhar, moong, urad, groundnut, soybean, sunflower seed and Niger seed) on average between 2016-17 and 2018-19. Based on data analysis, that news alert also demonstrated how the rural areas have witnessed...
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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...
More »Dr. Himanshu, associate professor at Jawaharlal Nehru University, interviewed by M Rajshekhar (Scroll.in)
-Scroll.in This is not just about low job creation but also about the worsening quality of jobs, says Himanshu, associate professor at Jawaharlal Nehru University. On Thursday, a political storm boiled over after Business Standard reported that, between 2017-’18, unemployment numbers in India reached a 45-year high. The newspaper based its report on a survey, conducted by the National Sample Survey Organisation, called the Periodic Labour Force Survey that the government had...
More »Worst price slump in 18 years shows scale of farm crisis -Roshan Kishore
-Hindustan Times The agrarian crisis is one of the factors that may have resulted in the BJP’s loss in three Hindi heartland states of Chhattisgarh, Rajasthan and Madhya Pradesh in December, according to analysts, and the party clearly doesn’t want it to affect its prospects in the 2019 parliamentary elections. New Delhi: This financial year, 2018-19 could end up being the worst year for farm incomes in almost two decades, government data...
More »MSP was not 1.5 times the cost of production for most kharif crops during the last 6 agricultural years
In its 2014 election manifesto, the Bharatiya Janata Party (BJP), among other things, promised to "take steps to enhance the profitability in agriculture, by ensuring a minimum of 50% profits over the cost of production". In his 2018-19 Union budget speech too, the Finance Minister Shri Arun Jaitley informed the Parliament that the 2014 election manifesto of the BJP had stated that the farmers should get at least 1.5 times the...
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