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To create jobs, an industrial policy focused on labour-intensive industries is key -Santosh Mehrotra

-Hindustan Times These sectors deserve consistent support over time to compete internationally since India is lagging behind Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. By contrast, in east and south-east Asia, the industry share has exceeded 30-40% while manufacturing is 20-30%. India’s manufacturing share of GDP has not moved up at all, though between 2004-05 and 2011-12 manufacturing employment growth was...

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Could the single engine driving India crash? Yes, if you go by one of Modi's top guys

-The Economic Times At a time when the shadow of a slowdown lengthens but the government steadfastly downplays any such concern, here comes a cracker of an observation from one of India's most celebrated economists who also happens to be a vital cog in Modi's policy team. In an interview to NDTV, Rathin Roy, member of the Prime Minister's Economic Advisory Council (PMEAC) and Director of National Institute of Public Finance &...

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The anatomy of India's middle class -Nikita Kwatra

-Livemint.com Contrary to the assumption that the middle class is an urban phenomenon, a considerable segment of the Indian middle class resides in rural areas, finds a new study The size of the Indian middle class has always been at the heart of the narrative around India’s economic development. And yet the term middle class remains arbitrarily defined with estimates of its size and characteristics varying significantly based on subjective notions of...

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Will India become a big importer of food? -Ashok Gulati

-The Hindu Business Line It could, if agri policies fail to incentivise farmers more. The demand for food is expected to spike in the coming years India is, today, a country of about 1.35 billion people. United Nations’ population projections of 2017 say that India is likely to surpass China’s population by 2024 and reach 1.5 billion by 2030, making it the most populous nation on the planet. About two-thirds of Indians are...

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MS Swaminathan, father of Green Revolution, interviewed by Jitheesh PM & Jipson John (Newsclick.in)

-Newsclick.in In an interview, the ‘father’ of India’s Green Revolution, says while technology is necessary, policies on procurement and public distribution are far more important in making agriculture economically viable and sustainable in the country. No one has played a more instrumental role in India’s self-sufficiency in food production than Dr MS Swaminathan — world-renowned agricultural scientist, known as the ‘Father of Green Revolution in India’. After getting a PhD from Cambridge...

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