A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...

-Newsclick.in Food grain availability for Indians has increased by just 3.3% since 1961. On this 72nd Independence Day of our India, while there will be the usual speeches and festivities, spare a thought to this shocking bit of news: average availability of food grains for every Indian has increased by 3.3% since 1961. Food grains includes wheat, rice, other cereals and pulses. Among these, per person availability of pulses has actually declined...

-TheWire.in Mexican economist David Barkin on India's neoliberal economics, growing inequalities, agrarian distress and more. David Barkin is Professor of Economics at the Metropolitan Autonomous University in Mexico City. He received his doctorate in economics from Yale University and was awarded the National Prize in Political Economics in 1979 for his analysis of inflation in Mexico. His research has focused on the development of an alternative to the capitalist economic model. In an...

-Livemint.com One of the big drivers of the ruling BJP’s massive victory in 2014 was its ability to exploit inequalities within caste groups to expand its support base New Delhi: When we think of caste-based inequality in India, we typically think of a pyramid where scheduled castes (SCs or Dalits) and scheduled tribes (STs) are at the bottom, other backward classes (OBCs) above them, and upper castes at the very top....

-Financial Express For sustainable growth, Rural India’s squeezing purchasing power needs immediate attention New Delhi: The Reserve Bank of India’s (RBI) unanimous call for a 25-basis-point rate hike after four years was primarily driven by the strengthening core inflation as well as the rising household inflationary expectations. Since the April Monetary Policy Committee meeting, there have been some significant macro developments, mainly on four counts. First, the global crude oil prices have risen...