-Livemint.com The government’s prognosis overlooks the rural stress that is at the heart of the Economy’s troubles Last week saw a flurry of activity from the government aimed at reviving the Economy. So far, it was in denial, but it has now woken up to the economic crisis that is spreading like wildfire. The vice-chairperson of NITI Aayog termed the crisis the worst since independence. Several members of the economic advisory council...
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What is behind the GDP growth falling to 5% -Radhika Merwin
-The Hindu Business Line Apart from slowdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1 of the...
More »Professor Amiya Bagchi, Marxist economist, interviewed by Subhoranjan Dasgupta (The Telegraph)
-The Telegraph "The government has miserably failed to stimulate the domestic Economy. It has spent less and less on public education, healthcare and infrastructure because of its erroneous policy" The Modi government has an ambitious plan to create a $5-trillion Economy in the next five years — but all data points are heavily stacked against it. The Economy is floundering and the Reserve Bank of India has already trimmed its growth forecast...
More »Slowdown Blues: Govt needs to raise income levels of working population to boost growth -Prasanna Mohanty
-Business Today Now that a decline in private consumption is pulling down economic growth, the focus needs to shift to improving wages and other measures to spur demand and savings, which does not seem to be happening now New Delhi: That the Indian Economy is slipping into a recession is quiet apparent. The real GDP growth has gone down from a peak of 8.2% in 2016-17 to 6.8% in 2018-19, with the...
More »Can equitable distribution of energy meet green concerns? -Rohit Azad and Shouvik Chakraborty
-Hindustan Times A thumb rule for any public policy in Delhi, given the current levels of pollution, should be that the policy at least has a neutral effect on emissions. This means that if it can’t reduce emissions, it should at least not increase them. New Delhi: Government subsidies are often dubbed as inefficient for an Economy. While some subsidies may indeed do more harm than good, to argue that all...
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