-Livemint.com If crude oil prices surge on tensions in West Asia, our import bill could soar India’s December trade figures deepen concerns about the health of our economy. Official figures show that merchandise exports dipped 1.8% from a year earlier to $27.36 billion, marking the fifth straight month of decline. A consolation is that imports fell by a larger 8.8%, helping narrow the trade deficit. But the relief could be temporary. If...
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It's official: GDP rate seen slumping to 5% -Aanchal Magazine
-The Indian Express Manufacturing growth is seen slowing to 2.0 per cent in 2019-20 from 6.9 per cent last year, while construction is expected to post a growth of 3.2 per cent in 2019-20 from 8.7 per cent last year. WITH A sharp slowdown in manufacturing and construction, and the only major support coming from government expenditure, the Gross Domestic Product (GDP) growth rate is seen slumping to 5.0 per cent, the...
More »Agriculture exports: How it has the potential to transform Indian farm sector -Ashok Sharma
-The Indian Express There’s a need to come up with a new model of growth through focused value chains. When it comes to exports, there are several key issues that affect the various stakeholders concerned. It’s almost sardonic that when you type “agrarian” in Google, it invariably suggests “crisis” as the following word. In 2019, the Indian farm sector grew minus 0.1% year-on-year in January-March and 2% and 2.1% in the next...
More »Politics of exclusion and disenfranchisement is hurting investment and India's cooperative spirit -Kaushik Basu
-The Indian Express What economists do not like to dwell on and what Karl Polanyi had noted a long time ago is that the economy is ultimately embedded in society, institutions and politics. When these are damaged, the economy begins to stall. With India’s deep political troubles, and protest marches breaking out all over the country, it may seem odd to be writing on economics. Yet, it would also be wrong not...
More »IMF may significantly downgrade India growth forecast in January: Gita Gopinath
-PTI * While speaking at an event in Mumbai, the IMF chief economist also sounded doubtful about India achieving $5 trillion GDP target by FY25 * 'If you look at recent incoming data, we would be revising our numbers,' she said Mumbai: The International Monetary Fund is set to join other downbeat analysts and cut the growth estimate for India "significantly", its India-born chief economist Gita Gopinath said on Tuesday. The Washington-based institution had...
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