Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...

-The Indian Express "In terms of Gross State Value Added or GSVA, the economy will likely see 7.4 per cent plunge in the October-December quarter from a year ago. To make matters worse, the number will only worsen further with demand remaining subdued,” a senior government source said. Mumbai: With business activity and consumption set back by Covid-19 cases, the state government’s latest economic forecast has projected 16.4 per cent contraction in...

-Centre for Science and Environment * Niti Aayog vice chairperson Rajiv Kumar releases the report, which provides the real picture of organic farming in India: only 2 per cent of India’s net sown area organically farmed, and a mere 1.3 per cent of farmers registered to do organic farming * Organic and natural farming must be upscaled to make Indian agriculture sustainable, says the report * Needs to be turned into a mass...

-The Hindu Devising State-specific industrialisation strategies in coordination with the Centre will improve manufacturing Many think that in the aftermath of the pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons....

Most reports and studies by official agencies, international think tanks and private entities indicate the cataclysmic impact of the coronavirus pandemic on the economy and society. They anticipate that lockdowns imposed by various countries across the globe to reduce the exponential diffusion of COVID-19 (i.e. for flattening the curve by social distancing and quarantines) would adversely affect economic growth and disrupt supply chains in most sectors, on top of causing...