-The Hindu The Budget needs to provide direction to India’s tottering economy and a boost to aggregate demand and investment The forthcoming Union Budget will determine whether India’s economic engine gets the steam needed for a rebound, or the current economic situation becomes even worse. Not just the future of the economy, the future of the country’s youth depends on the Budget. The unemployment rate at 6.1% (Financial Year 2017-2018) is the highest...
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Redesigning India's ailing data system -RB Barman
-The Hindu The present national accounting and analytical framework misses out on many key dimensions of a complex economy The new series of Gross Domestic Product (GDP) figures with 2011-12 as base, released in 2015, has not gone well with analysts; the withholding of employment-unemployment data for some time and consumer expenditure data, which is not released, added to this unease. Bringing the National Sample Survey Office (NSSO) under the fold of...
More »Is the Indian economy staring at stagflation? -Prashanth Perumal J
-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
More »Reset and refocus -Amartya Lahiri
-The Indian Express Impression that government prioritises non-economic agenda over development must be addressed India is now well and truly in the middle of a socio-economic upheaval. The economy has been weakening for a couple of years now. The social upheaval is new but its seeds have been fermenting for a while. The danger here is that the social and economic sides of an economy are not divorced from each other....
More »An Indian baby boom that is not really one
-Livemint.com News of India recording the world’s most New Year’s Day births seems to have revived talk of a strict population control policy. But there is no need for panic. Nor state intervention. For decades, doomsday theories of our population boom have been used to explainrising poverty and unemployment, food shortages and health crises, environmental degradation and climate change. This New Year’s Day, Unicef, the United Nations’ children’s agency, estimated that nearly...
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