-The Hindu India’s poor AOI is a stark reminder of the need to attain a key sustainable development goal of higher agri-growth While the overall budgetary allocation towards the agricultural sector has marginally increased by 4.4% in the Union Budget 2022-23, the rate of increase is lower than the current inflation rate of 5.5%-6%. The Food and Agriculture Organization (FAO) of the United Nations (UN) report for 2001 to 2019 shows that,...

-Newsclick.in The people are thus facing increasingly hard times, but in the bland vision of the Modi government, there is no cognisance of it. However, that itself is ominous because when the balance of payments becomes unmanageable, the Modi government will run to the IMF to ask for a rescue package. No budget in recent memory has been presented at a time when the economy is in such dire straits: unemployment is...

-Livemint.com Rural economy has to deal with declining incomes and rising cost of essentials The general consensus on the state of the Indian economy can be summarized as follows: The economy has been in a deep crisis even before the pandemic-led disruptions. Second, the crisis is not a result of supply constraints but is a result of demand deficiency, particularly in the rural economy. Recent evidence suggests that the impact of the slowdown...

-TheWire.in Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation. High hopes were pinned on this year’s budget as the country saw young people protesting for Railway jobs, farmers protesting for the government to address their loss of incomes, micro-sector producers as they faced closures and PSU...

-The Hindu High demand in migrant destination States, not source States: it says Demand for work under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) scheme has dropped from the peak of the first lockdown, but is still higher than pre-COVID levels, the Department of Economic Affairs said in its annual Economic Survey, noting that this is “an indicator of rural labour markets”. However, it cautioned against drawing conclusions about the movement...