-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
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Vegetable prices push wholesale inflation to 7-month high in December
-The Indian Express Vegetable inflation jumping to an over six-year high and pulses inflation rising to a more than 3-year high were the key reasons driving retail inflation. Wholesale price index (WPI)-based inflation surged to a seven-month high of 2.59 per cent in December 2019, as against 0.58 per cent in November, due to a sharp rise in prices of food articles like onions and potatoes, according to the data released by...
More »Reset and refocus -Amartya Lahiri
-The Indian Express Impression that government prioritises non-economic agenda over development must be addressed India is now well and truly in the middle of a socio-economic upheaval. The economy has been weakening for a couple of years now. The social upheaval is new but its seeds have been fermenting for a while. The danger here is that the social and economic sides of an economy are not divorced from each other....
More »Trade worries
-Livemint.com If crude oil prices surge on tensions in West Asia, our import bill could soar India’s December trade figures deepen concerns about the health of our economy. Official figures show that merchandise exports dipped 1.8% from a year earlier to $27.36 billion, marking the fifth straight month of decline. A consolation is that imports fell by a larger 8.8%, helping narrow the trade deficit. But the relief could be temporary. If...
More »India's exports fall for fifth straight month in December
-The Hindu Business Line Imports fall 8.83 per cent, trade deficit shrinks to $11.25 billion India's goods exports declined for the fifth straight month in December 2019 by 1.8 per cent (year-on-year) to $ 27.36 bn as key items such as petroleum, engineering goods and gems and jewellery continued to suffer due to low global demand. Imports were down 8.83 per cent in December at $38.61 billion as all major items, including gold,...
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