-Scroll.in JNU professor Himanshu says the economic slowdown is not the result of a one-off event like demonetisation, the slump began almost two years ago. The economy is in a trough. The first quarter of 2017-2018 saw the growth of gross domestic product (the total value of all goods and services produced in a country in a year) drop to 5.7% from 7.9% in the corresponding period last year – the...
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No feel for the pulse -Ashok Gulati & Smriti Verma
-The Indian Express Prices crashed last year because there was a glut in imports during a year of record production. Government has not corrected the policy snags that led to this anomaly. Pulses are an interesting and unique commodity group in the Indian agri-food space. The country ranks first not only in their production and consumption, but also their import. Domestic absorption in recent years (2012-13 to 2015-16) has hovered between 21...
More »All three extreme events and the cause common
-The Telegraph New Delhi: The bouts of rainfall that battered Houston, Mumbai and Calcutta last week, albeit in vastly different amounts, may earn tags of extreme rain events that weather scientists say are becoming more common under the influence of global warming. The tropical storm Harvey set a record for continental US with 132cm rainfall about 45km southeast of Houston on August 29. Mumbai's Santa Cruz weather station documented 31cm rain over...
More »Economy outlook still cloudy -Ajit Ranade
-The Hindu An immediate stimulus is needed to regain the momentum to get India back to 8% growth The government’s move this past week to publish economic data for the April to June quarter of this year needs a look. The real growth of GDP, i.e. after removing the impact of inflation, was only 5.7%, much lower than expected. For the past six consecutive quarters, the growth rate has gone down steadily,...
More »Despite floods, India faces 5% rain deficit -Amit Bhattacharya
-The Times of India NEW DELHI: The flood fury in Assam, Bihar, Bengal and Uttar Pradesh has taken attention away from poor monsoon rains in large parts of the country in August. The month has so far seen a 24% rain deficit (till August 18), with central India in particular reeling under a prolonged break in the monsoon. The lull in rains has opened up a huge 58% shortfall in central India,...
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