-The Telegraph 2019-20 economic growth tumbles to 4.2% India’s economic growth has tumbled to a 12-year low of 4.2 per cent in 2019-20. What is even worse is that this statistic barely reflects the impact of the coronavirus-induced lockdown, which has silenced the clangour in its factories for over two months. The lockdown began on March 25 — barely a week before the close of the financial year. “Due to a contraction in investment of...
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The Modi Sarkar’s Project for India’s Informal Economy -Barbara Harriss-White
-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of Narendra Modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
More »Covid-19 inflicts a daily loss of Rs.224 crore to India’s fishery sector -V Sajeev Kumar
-The Hindu Business Line Kochi: The Covid-19 lockdown has put the country’s marine fishery sector in deep sea, inflicting a daily loss of ₹224 crore, a report prepared by the Central Institute of Fisheries Technology (CIFT) said. The monthly loss for the sector is estimated to be about ₹6,838 crore; the Kochi-based institute has put ₹6,008 crore loss to mechanised sector and ₹830 crore for non-mechanised sector. However, the loss incurred in...
More »Hans Timmer, World Bank's Chief Economist for South Asia, interviewed by Suhasini Haidar (The Hindu)
-The Hindu Disruptions in the supply chain and panic buying can lead to price spikes: Hans Timmer In a report released this month, the World Bank has predicted a ‘dire’ situation for South Asia due to the economic impact of measures to counter the novel coronavirus pandemic, suggesting that the eight SAARC countries (Afghanistan, Bangladesh, Bhutan, India, Nepal, Pakistan, Maldives and Sri Lanka) will experience their worst economic performance in 40 years,...
More »Tractor sales on upswing
-The Hindu Two-wheelers continue to slide as virus adds to woes In a sign of reviving rural demand, tractor players M&M and Escorts posted a double-digit growth in sales in February 2020. M&M’s farm equipment sector (FES) said its domestic sales in February 2020 stood at 21,877 units, up 21% from the year-ago month. Exports, though, dropped 22% to 683 units, taking total tractor sales during the month to 22,561 units. This is a...
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