-The Indian Express Focusing on health, education of women will bring down population, increase work participation The World Population Prospects 2019 has reported that India’s total fertility rate (TFR) has declined from 5.9 in early Sixties to 2.4 to 2010-15. TFR is defined as the total number of children to be born to women in her lifetime by the current age specific fertility rates. By 2025-30, it will fall to 2.1,...
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Merchandise exports affected by global slowdown but not export of services
Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture. A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...
More »Prabhat Patnaik, an economist and former economics professor at the Jawaharlal Nehru University, interviewed by Kaushal Shroff (The Caravan)
-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...
More »Slowdown Blues: Contrary to Modi govt's aim, exports down by 6% in August; gems & jewellery lose shine -Rahul Shrivastava
-BusinessToday.in Cumulatively, the exports were down 1.53 per cent to $133.54 billion in the April-August period, while imports contracted by 5.68 per cent to $206.39 billion The depressing trends in India's trade in this financial year continue to hurt its growth story. India's exports in August dropped by 6.05 per cent to $26.13 billion compared to the August 2018 mark, as per official data released on Friday. In the first five months...
More »Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)
-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...
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