Growth in rural wages not only indicates economic prosperity of the masses, it is also considered important so as to generate effective demand for goods and services, which is produced by various sectors of the economy. When money becomes available in the hands of rural workers due to government spending on programmes such as Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), it generates demand for commodities. The production of commodities...

-Frontline.in The political economy of the Modi regime was characterised by a redistribution of income in favour of a few and a worsened performance in job creation, welfare and alleviating deprivation. AT the end of its five-year term, the National Democratic Alliance (NDA) government’s claim that the Indian economy has experienced rapid growth during its tenure sounds shallow. The gross domestic product (GDP) numbers, many observers argue, are wrong and possibly fabricated....

-Livemint.com In conversation with Guy Standing, economist at the School Of Oriental and African Studies, University of London Neither the Narendra Modi government nor Rahul Gandhi have gotten minimum income scheme right, he says New Delhi: Income support is the big economic idea of the season. While the ruling BJP government announced a limited money transfer scheme targeted at farmers in the recent interim budget, the Congress has proposed to solve the country’s...

-Newsclick.in New GDP numbers show the deep agrarian crisis and an economy in doldrums, while unemployment continues to grow. Advance estimates of Gross Domestic Product (GDP) for the current year 2018-19, and estimates for the third quarter (Sept-Dec 2018) show unmistakeable signs of a slowing economy, despite the flawed method of calculating these estimates. The country’s economy will grow by 7% in the current year which will end this March. Last year...

-Livemint.com * Despite its ambitious targets, NDA’s ‘Make in India’ has failed to improve investment, employment, and exports in India’s manufacturing sector * One area where this government has fared relatively better has been in attracting foreign direct investment (FDI) to the country MUMBAI: When the Bharatiya Janata Party (BJP) swept into power in 2014, one of its first acts was to launch the ‘Make in India’ initiative with the ambitious vow of...