-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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Centre may promote Farmer Producer Organisations, but will they address agrarian distress? -Richa Govil
-TheWire.in India already has several kinds of FPOs. So why have they not made a dent on farmers' woes? On July 5, 2019, the government of India announced its intent to promote 10,000 farmer producer organisations (FPOs) over the next five years, as part of its efforts to increase farmer income and reduce agrarian distress. Such collectivisation can be very powerful. The best known example of an FPO is that of Amul...
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...
More »Agri GDP growth falls: Doubling farmers' income in next 3 years looks a tough task -Rajalakshmi Nirmal
-The Hindu Business Line While production has dropped, it has not been accompanied by a commensurate increase in price Last week, while the CSO released the Q1 GDP numbers, it also showed numbers for agriculture, forestry and fishing as a segment. For the June quarter, this segment’s growth in real terms was 2 per cent, against 5.1 per cent in the same quarter of the previous year. Agri GDP growth has been sliding...
More »Sentiments do have real economic benefits -Renu Kohli
-The Telegraph Investors may be buying stocks again, but fundamental drivers such as expected corporate performance remain unchanged Sentiments matter for economic growth. Optimistic or upbeat sentiments encourage consumers to buy and borrow; businesses, on the other hand, are spurred to plan and invest. But when in reverse gear, downbeat or negative sentiments can hold back spending, restricting activities and stifling growth. For an economy seeking to revive itself, be it India...
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