-The Hindu Business Line Nominal income already doubles every 6 years; real income will take 16 years Nearly a year ago, Prime Minister Narendra Modi unveiled his dream of doubling farmers’ incomes by 2022. But how viable is this promise? For one, there is ambiguity on the number the Centre is targeting. Data on farm income is not released at regular intervals. A survey of the National Sample Survey Organisation comes once in...
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India sees record planting of wheat and pulses -Sayantan Bera
-Livemint.com While higher production of foodgrains may help better the agriculture Growth rate of 4.1% estimated last month, a record crop will also help keep food inflation in check New Delhi: Farmers in India have planted the highest ever area under wheat and pulses in the ongoing winter crop season, raising hopes of a bumper crop in 2016-17, surpassing past records. While higher production of foodgrains may help better the agriculture Growth...
More »Focusing on domestic Growth -Krishnamurthy Subramanian
-Livemint.com One of the key trends underlying huge concentration of wealth and incomes is the increasing return to capital versus labour Given the demonetisation undertaken by the government in November 2016, the current budget was presented at a historic moment in the Indian economy. To understand the government’s emphasis on the rural economy, we have to understand a key narrative that must influence economic policies in democratic countries. As several governments in developed...
More »Environment: A non-negotiable agenda -Ritwick Dutta
-Livemint.com The belief that every environmental problem has a technological solution undermines the need to protect ecology in its pristine condition The next 10 years are going to be the most challenging time for India’s environment. Our developmental model remains focused on using nature as a fuel for its Growth engine. Climate change is going to dominate environmental discourse at the national and international levels. Environmental debates will focus on climate change...
More »How the Black Economy Grew in Post-Independence India -Arun Kumar
-Caravan Magazine Arun Kumar is an eminent economist who has been studying the black economy in India for close to four decades. His 1999 book The Black Economy in India is among the foremost accounts of the black-money problem in the country. In Understanding the Black Economy and Black Money in India: An Enquiry into Causes, Consequences and Remedies, released in February 2017, Kumar discusses the misconceptions around black money, the...
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