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Spend to grow -C Rangarajan and DK Srivastava

-The Indian Express Government should explore all avenues to expand capital expenditures From a level of 8.1 per cent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 per cent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer in dispute. Thankfully, the government has come out of denial mode. The critical question is: What should...

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The right to choose -Ashok Gulati

-The Indian Express Government could give fertiliser subsidy directly to farmers and let them decide if they want to practise zero budget natural farming or use chemical-fertilisers. The Narendra Modi government completed 100 days of its second term (Modi 2.0) last week. On this occasion, most cabinet ministers spoke of the achievements of their ministries. The headlines in newspapers were, however, about the abrogation of Article 370, or the biggest slump...

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Waiting for reforms: On the economic stimuli

-The Hindu The stimulus incentives hold promise, but structural reforms are nowhere on the horizon People who have been yearning for major economic reforms from the Narendra Modi government, it seems, will have to wait to have their dreams come true. Finance Minister Nirmala Sitharaman on Saturday presented the third round of stimulus measures to resuscitate the struggling economy, but once again these have largely failed to live up to the initial...

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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...

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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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