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What a sharp rise in inflation rate amid spike in food prices means -Prabhat Patnaik

-Newsclick.in Even as the growth rate of the Indian economy is slowing down, and the index of industrial production (IIP) is actually showing negative growth for three consecutive months, August to October (over the corresponding months a year ago), the inflation rate in the economy has started accelerating. Significantly, the acceleration in inflation has been the sharpest precisely during these very months when the contraction in industrial output has been the...

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RCEP: A rural disaster -Vijoo Krishnan

-The Hindu Business Line It will deepen the ASEAN FTA impact Fast-paced moves are on to conclude the talks on the Regional Comprehensive Economic Partnership (RCEP) and seal an agreement. There have been noises of protest from the Congress party which was the chief architect of the India-ASEAN Free Trade Agreement (FTA) and numerous other FTAs in the pipeline. Protests even from within the Sangh Parivar have not deterred the Modi government...

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Merchandise exports affected by global slowdown but not export of services

  Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture.   A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...

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Hardly the brick and mortar of a revival -Jayati Ghosh

-The Hindu The transfer of the RBI’s surplus is only a stopgap measure which will not address the key problem of a lack of demand There is no longer any room for doubt on the parlous state of the Indian economy. The automobile industry, seen as a bellwether of activity in the post-liberalisation years, is in crisis, as automakers, parts manufacturers and dealers have laid off about 350,000 workers since April this...

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Despite being one of its birthplaces, India has forgotten many varieties of rice -Pooja Pillai

-The Indian Express The story of rice in India is complex, influenced as much by geography as by taste, faith, politics and contemporary nutrition science. But, after years of getting panned for being unhealthy, it is finally making its way back to the centre of the table. Is Basmati rice, with its pristinely white grain, the only variety that lends itself to making a biryani? It seems a rather silly question...

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