-The Hindu For any skill development effort to succeed, markets and industry need to play a large role in determining courses, curriculum and relevance The Union Budget 2015 paved way for the launch of a much-awaited National Skills Mission to complement Prime Minister Narendra Modi's ‘Skill India' and ‘Make in India' exhortations. However, much work needs to be done on the ground for the government to prove that this step is a...
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Highlights of Economic Survey 2014-15
-Press Information Bureau/ Ministry of Finance Economic Outlook, Prospects and Policy Challenges Macroeconomic fundamentals in 2014-15 have dramatically improved. Highlights are: * Inflation has declined by over 6 percentage points since late 2013. * The current account deficit has declined from a peak of 6.7 percent of GDP (in Q3, 2012-13) to an estimated 1.0 percent in the coming fiscal year. * Foreign portfolio flows have stabilized the rupee, exerting downward pressure on long-term interest...
More »The march down south -Vishwanath Kulkarni
-The Hindu Business Line Though migration of labour from the east has helped revive the plantations in southern India, questions remain on the long-term implications, Vishwanath Kulkarni reports As the harvest season starts in Coorg, Karnataka, coffee planter MC Kariappa has a lot of issues to contend with - productivity, weather and, the biggest worry of all in recent times, paucity of labourers. So when a dozen labourers from Assam landed at...
More »Why ending poverty in India means tackling rural poverty and power -Vanita Suneja
-Oxfam Blog Vanita Suneja, Oxfam India's Economic Justice Lead, argues that India can't progress until it tackles rural poverty. This entry was posted on 3 February 2015. More than 800 million of India's 1.25 billion people live in the countryside. One quarter of rural India's population is below the official poverty line - 216 million people. A search for economic justice for a population of this magnitude is never going to be...
More »Budget 2015: The need for an overhaul in Indian agriculture sector -Ajeet Kumar
-Zee News Agriculture is consistently losing its importance in India's economic growth. The agriculture sector contributes to just 15 percent of India's Gross Domestic Product (GDP), but over 50 percent of the population is still dependent on it. The farm sector, including forestry and fishing, grew by 3.2 percent in the quarter ending September, as compared o 3.8 percent in previous quarter and 4.7 percent in 2013-14. For the entire financial...
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