Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
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Lessons from Vietnam and Bangladesh -Ajay Srivastava
-The Hindu With reforms promoting innovation and lowering the cost of doing business, India is poised to attract the best investments Vietnam and Bangladesh are on a roll. While Bangladesh has become the second largest apparel exporter after China, Vietnam’s exports have grown by about 240% in the past eight years. What has helped them? And what can India learn from them? Two nations and their success stories An open trade policy, a less...
More »For Farmers in Punjab, Minimum Support Price Doesn't Guarantee a Better Income -Vivek Gupta
-TheWire.in With or without the government-mandated minimum support prices, private players in Punjab have been calling the shots, and the new farm laws only legitimise the rampant practice. Chandigarh: Farmers from Punjab, who are up in arms against the Centre’s new farm laws, have more than one reason to remain firm on their demand for the rollback of the contentious laws. For crops where there is no assured government purchase even after the...
More »Fixing the rules of the economy -Arun Maira
-The Hindu The fundamentals of the game have to change as they currently favour wealthy investors and not workers and tiny enterprises India has an incomes crisis: incomes of people in the lower half of the pyramid are too low. The solutions economists propose are: free up markets, improve productivity, and apply technology. These fundamentals of economics must be re-examined when applied to human work. Three solutions Economists say markets should be freed up...
More »Sustained efforts required to reduce multidimensional poverty amidst the pandemic
Multidimensional poverty is about non-monetary poverty and is strongly associated with the challenges of achieving the Sustainable Development Goals (SDGs). Although previously defined only in monetary terms, poverty is now understood to include the lived reality of people’s experiences and the multiple deprivations they face. India’s multidimensional headcount ratio (H) i.e. the proportion or incidence of people (within a given population) who experience multiple deprivations has reduced from 55.1 percent to...
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