-The Indian Express Return of food inflation may not allow RBI to further slash interest rates but opens up room for delayed reform Retail food inflation crossing 10 per cent, the first time in nearly six years, isn’t good news for an economy already mired in a deep slowdown. The suddenness of the increase (from under 3 per cent in August to 10 per cent-plus in November) and the fact that the...
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Redesign fiscal policy to fire up infrastructure growth -Ejaz Ghani
-Livemint.com India’s manufacturing sector is moving out of costly and congested cities to rural areas in order to stay competitive. But poor infrastructure is hampering its growth The global economic downturn has raised concerns about the effectiveness of conventional economic policies, which were designed for stabilization, and not for reviving growth in developing countries. Rural distress, spatial disparities, the gender divide and climate change, all combined with the threat of low and...
More »The setting sun on India's solar dreams -Tanya Thomas
-Livemint.com * Caught in an economic slowdown, India’s clean energy transition is likely to go for a toss. What will be the cost? * The ongoing slowdown in economic growth and electricity demand has worsened the deep stress in India’s renewable energy industry, sending it into a tailspin MUMBAI: In September, while speaking at the United Nations Climate Action Summit in New York, Prime Minister Narendra Modi committed to setting up 450 gigawatts...
More »What the RCEP retraction foretells -Renu Kohli
-The Telegraph Without simultaneous steps to raise productivity, passive acceptance of lost competitiveness has shaped India's approach India’s last-minute withdrawal from the Regional Comprehensive Economic Partnership agreement has elicited much commentary. That it happened after exciting positive signals from senior government functionaries amidst vociferous opposition by noted lobby groups surprised all. A sizeable segment, however, backs the retreat, noting India’s current economic situation and low competitiveness to describe it as economic and...
More »Enable MSMEs to grow and create jobs -Ajay Shankar
-The Hindu Business Line Apart from easing labour laws and providing a social security net, a focus on clusters with access to land and capital will help Getting micro, small and medium enterprises (MSMEs), who employ 92 per cent of the workforce, to grow more rapidly should be one of the pillars of any strategy for job creation. This year’s Economic Survey does candidly state that “Our policies must, therefore, focus on...
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