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The middle income trap that India must avert

-Livemint.com A top economic adviser has flagged the risk of stagnation that lack of inclusive growth could cause. We must reduce inequality and help everyone achieve upward mobility The warning by Rathin Roy, a member of an economic panel advising Prime Minister Narendra Modi, that India could be headed for a “structural crisis" has sparked a debate on whether the economy’s days of high single-digit growth rates are a thing of the...

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Contradictory positions can hurt India's prospects at the next WTO ministerial -Roshan Kishore

-Hindustan Times India should lead the charge for demanding a better deal on agricultural issues to counter rising protectionist tendencies in the West The 11th Ministerial Conference (henceforth ministerial) of the World Trade Organisation (WTO) begins on December 10 in Buenos Aires. Commerce minister Suresh Prabhu has downplayed the need for a permanent solution on public stockholding for food security as a peace clause already exists. He has even termed the demand...

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Indian economy in a tailspin: What went wrong -Asit Ranjan Mishra and Gireesh Chandra Prasad

-Livemint.com While investment demand was anyway weak when the NDA came to power in 2014, private consumption has also started decelerating due to demonetisation New Delhi: The National Democratic Alliance (NDA) won a landslide in the 2014 general election with the promise of fast-tracking economic growth and creating jobs. It replaced the Congress-led United Progressive Alliance (UPA) government that was mired in corruption scandals and had mismanaged the economy. Three years on,...

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Risks to growth: mid-year economic concerns

-The Hindu Given the recent policy changes, the CEA has done right to flag mid-year concerns Five months after the Economic Survey 2016-17 was released, Chief Economic Adviser Arvind Subramanian has presented the second volume of the annual economic review-cum-prognosticatory report. With the intervening period having provided a wealth of data points and policy developments, including the momentous roll-out of the Goods and Services Tax, there was a clear need to update...

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Rural India's distress conundrum -Ishan Bakshi

-Business Standard Leading economic indicators suggest a recovery is underway It’s difficult to make sense of what’s happening in the rural economy. On the one hand, leading economic indicators suggest a recovery is underway. As Chart 1 shows, unemployment is down and real wage growth is up. Two-wheeler sales are also up — suggesting a recovery in household demand. Yet, rural sentiment has weakened of late as shown in Chart 2. Please...

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