-The Economic Times NEW DELHI: The upcoming Budget poses a big challenge to Prime Minister Narendra Modi. There are too many demands on the Budget while the government is expected to stick to its fiscal deficit targets. Traditionally, Modi's Bharatiya Janta Party (BJP) has been seen to rely on middle-class voters—urban workers and small traders. But Modi's rise to power was fuelled equally by rural voters. Budget 2018-19 being the last full...
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Budget 2018: Eyes on Arun Jaitley's announcements for rural sector -Sanjeeb Mukherjee
-Business Standard The Budget allocation for Ministry of Agriculture and allied activities has grown by 114% since 2010-11 As Finance Minister Arun Jaitley gets down to deliver his fifth annual Budget for the 2018-19 financial year, all eyes will be on his announcements for the rural sector which is going through a downturn in the last few years. Two consecutive droughts along with a sharp fall in incomes have turned agriculture unprofitable...
More »From Plate to Plough: How to help the farmer -Ashok Gulati & Siraj Hussain
-The Indian Express Price deficiency payment schemes in Madhya Pradesh and Haryana do not cover farmers’ losses. Telangana’s input support scheme deserves nation-wide emulation. Farm distress is likely to be one of the major focal points of the upcoming Union Budget. Agri-GDP Growth has fallen to around 2 per cent per annum in the first four years of the Modi government; the real incomes of farmers have fallen as well. The Growth...
More »India Economic Survey 2018: Arvind Subramanian says economic revival underway; 4 key takeaways -Sushruth Sunder
-The Financial Express India Economic Survey 2018: Chief Economic Advisor Arvind Subramanian says that the Indian economy is showing robust signs of recovery and a series of major reforms undertaken over the past year will allow real GDP Growth to reach 6.75 percent this fiscal and will rise to 7.0 to 7.5 percent in 2018-19. Addressing media in the press conference post release of the economic survey, CEA Arvind Subramanian noted...
More »Kaushik Basu, Professor of Economics and the C. Marks Professor of International Studies at Cornell University, interviewed by Mohit M Rao (The Hindu)
-The Hindu The former Chief Economic Adviser on India’s current slowdown in economic Growth and the mix of policies needed to reignite it In a career spanning more than four decades, economist Kaushik Basu has donned many hats. He was Chief Economic Adviser to the Government of India (2009-2012) and Chief Economist of the World Bank (2012-2016). At present, he is Professor of Economics and the C. Marks Professor of International Studies...
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