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Why an industrial policy is crucial -Santosh Mehrotra

-The Hindu No major country has managed to reduce poverty or sustain economic growth without a robust manufacturing sector The contribution of manufacturing to GDP in 2017 was only about 16%, a stagnation since the economic reforms began in 1991. The contrast with the major Asian economies is significant. For example, Malaysia roughly tripled its share of manufacturing in GDP to 24%, while Thailand’s share increased from 13% to 33% (1960-2014). In...

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Steering away from diesel: What is the trend against this heavy polluter fuel in India? -G Ananthakrishnan

-The Hindu Leading passenger vehicle markets such as the European Union are opting for other fuels. The story so far: On April 25, Maruti Suzuki, India’s top carmaker, announced that it would phase out production of diesel models from April 1, 2020, when stricter Bharat Stage VI emission standards come into force. What does this mean for the auto industry? Why did Maruti take this decision? Explaining its rationale, the leading passenger vehicle manufacturer...

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Towards an organic future -Devinder Sharma

-The Tribune The transition to sustainable, chemical-free farming is imperative At a time when global temperatures are soaring, a study by a French think tank — Sustainable Development and International Relations (IDDRI) — has shown that agro-ecological farming has the potential to reduce greenhouse gas emissions in Europe by 47% and thereby keep the global temperature rise below 2°C. The study comes at a time when the UN's Food and Agricultural Organisation...

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Beyond the free trade idealism -Arun Maira

-The Hindu An ambitious ‘Employment and Incomes Policy’ must be the top priority for the next government The U.S. has begun trade skirmishes with India. It objects to India increasing import duties on electronic goods and wants India to reduce duties on U.S.-made motorcycles. Meanwhile the World Trade Organisation seems to be in the intensive care unit. It is time to apply fundamental principles to reshape a trade regime that is...

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Making sense of NYAY -Jean Dreze

-The Indian Express It is best read as a political promise for social security. There is more than one way of redeeming it Guaranteed minimum income is a powerful idea that has already made some headway in various countries. Some European countries, for instance, guarantee a minimum income to their citizens. This requires extensive data collection as well as an effective cadre of welfare officers and social workers tasked with enquiring...

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