-The Business Standard Changing aspirations and strong rural demand could explain why core inflation may not decline fast enough Recently, the Reserve Bank of India governor exuded confidence that the Indian economy will do fairly better in the current fiscal. While it is difficult to envisage a significant turnaround, we believe interpreting the recent inflation uptick may be the key to such optimism. We also think that inflation (both wholesale and retail)...
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Some good news: Farm sector likely to grow over 5%-Surojit Gupta & Sidharth
-The Times of India NEW DELHI: Agricultural GDP is likely to grow by over 5% this year thanks to the most abundant rains in nearly two decades, a government thinktank has forecast. If the prediction turns out right, it could help tame food inflation, provide a much-needed boost to rural incomes and a knock-on effect on other sectors of the economy. The demand for two-wheelers, tractors and mobiles, in particular, could rise...
More »Rajan panel wasn't unanimous in framing underdevelopment index
-The Business Standard Panel member questioned the choice of sub-components There is some consolation for Bharatiya Janata Party's prime ministerial candidate and Gujarat Chief Minister Narendra Modi: Not everyone in a panel headed by Reserve Bank of India Governor and former Chief Economic Advisor Raghuram Rajan had favoured the inclusion of Gujarat in the list of less developed states. Economist and social scientist Shaibal Gupta, a member of the panel, had dissented and...
More »Odisha, Bihar least developed, Gujarat less developed: Raghuram Rajan panel
-The Economic Times NEW DELHI: A high-level panel has recommended new criteria for measuring the backwardness of states and proposed the devolution of funds to them through an index that identifies Odisha and Bihar as the least developed states and Goa as the most developed one. The committee had been set up by the government amid demands for "special category" status by Bihar and was headed by the then chief economic...
More »WPI, CPI divergence seen in food inflation-Partha Sinha
-The Times of India Mumbai/DELHI: Has the government's statistical office erred with data collection relating to food prices, either by chance or design, for calculating the two inflation indices, Consumer Price Index (CPI) and Wholesale Price Index (WPI) for August? Else how can someone explain the fact that while food prices as shown in WPI for August exhibit a higher rate of inflation now than a year ago, food inflation as measured...
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