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Why an industrial policy is crucial -Santosh Mehrotra

-The Hindu No major country has managed to reduce poverty or sustain economic growth without a robust manufacturing sector The contribution of manufacturing to GDP in 2017 was only about 16%, a stagnation since the economic reforms began in 1991. The contrast with the major Asian economies is significant. For example, Malaysia roughly tripled its share of manufacturing in GDP to 24%, while Thailand’s share increased from 13% to 33% (1960-2014). In...

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UP holds huge potential in agriculture -- it needs right leadership to forge forward-looking path -Harish Damodaran

-The Indian Express UP is truly at the crossroads: The state is uniquely poised to leverage opportunities from agriculture and build on the base laid by entrepreneurs, whether in sugar, potatoes, buffalo meat, leather or mentha oil. But, it is equally in danger of being taken back by decades, courtesy leaders with exclusivist and narrow-minded visions. Efforts to market it as an Uttam Pradesh notwithstanding, UP or Uttar Pradesh, is for...

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Growth in Agri GVA deflator saw a rising trend between 2005-06 & 2009-10, despite using different sources of back-series data

  The year-on-year (y-o-y) growth rate in Agri Gross Value Added (GVA) deflator (an alternative measure of inflation) shows a rising trend between 2005-06 and 2009-10. In other words, price rise pertaining to the agrarian sector accelerated during the period under discussion. This particular trend has been observed irrespective of whether one uses the GVA/GDP back-series data (Base 2011-12=100) that was computed by the National Institution for Transforming India Aayog (NITI Aayog)...

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PM Kisan scheme: 'Centre has paid farmers around Rs. 10,500 cr so far'

-PTI New Delhi: Around 3.10 crore small farmers have so far received the first tranche of Rs. 2,000 each under the PM-Kisan scheme and 2.10 crore peasants have got the second instalment as well, costing Rs. 10,500 crore to the exchequer, a senior Agriculture Ministry official said Tuesday. The government had announced that 12 crore farmers would be covered under the the Rs. 75,000-crore Pradhan Mantri Kisan Samman Nidhi (PM-Kisan) scheme. Each...

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Squeeze on jobs -TK Rajalakshmi

-Frontline.in The Oxfam India report on employment says jobs remain a huge challenge in India where half of the workforce depends on agriculturefor livelihood. Employment, or the lack of it, has emerged as one of the most contentious issues in the general election this year. Most surveys show that the single biggest concern preoccupying the electorate, especially the youth, is unemployment. The very fact that the government introduced a quota for the...

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