-Outlook The country has achieved a record pulses production of 18.45 million tonnes (MT) in the 2012-13 crop year ended June, while foodgrain output fell by 1.5 per cent to 255.36 MT due to drought in some states last year. The Agriculture Ministry today released the fourth Advance Estimates of foodgrain production for 2012-13. Pulses output has been revised upward to record 18.45 MT in 2012-13 as compared with 18 MT in the...
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It’s official: Indian economy slowed to a 10-year low of 5% in 2012-13
-The Times of India The Indian economy grew at its slowest pace in a decade in 2012-13, posing another fresh challenge for the UPA coalition to revive growth and boost sentiment ahead of the general elections next year. Data released by the Central Statistical Organization (CSO) on Friday showed that the economy grew 5% in 2012-13, compared to 6.2% expansion in the previous year. It was in line with the advanced...
More »Foodgrain production in kharif season likely to increase by 8% -Jacob P Koshy and Ragini Verma
-Live Mint The kharif crop may improve by 8.1% to 135 million tonnes, after falling by 2% last year due to weak monsoon Foodgrain production in India's kharif season, the summer crop, is estimated to increase by a little more than 8% this year on expectations of normal monsoon rains, boosting hopes of a recovery in Asia's third largest economy and a decline in food price inflation. The kharif crop may improve by...
More »Is malnutrition in India a myth? -Pramit Bhattacharya
-Live Mint Some commentators dismiss the seriousness of India's nutritional crisis as it fails to account for genetic differences With one in two children malnourished in India, child malnutrition is considered to be among the biggest challenges facing the country. But are these figures highly exaggerated? The answer is a resounding yes, according to Columbia University economist Arvind Panagariya, who believes that the international standards used to measure nutritional attainments of...
More »The great jobs disaster-CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line In much of the discussion on the turnaround after the Great Recession, attention has been focused on financial consolidation and the halting return to growth. Far less attention has been paid to the persistence of high and even rising unemployment and its sources. In the desperate search for evidence that the global recession has bottomed out and the recovery has arrived, the story told by the long-term trend...
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