A recent one-liner about the achievement of the present Central government goes like this: bovine has become ‘divine’ during the NDA’s rule. But why do such jokes originate? Media reports suggest that unprecedented aggression has taken place during the recent months in the name of the peaceful looking animal – cow. Mob lynching and killings by fringe groups have been reported from various parts of the country, especially targeting Muslims and...

-The Financial Express The state of India’s rural economy is puzzling. There is enough evidence to support both opposing statements: one, that the rural economy has improved, and two, that the rural economy is in the doldrums. Some macro indicators have improved, though. The rural unemployment rate has been falling, while rural wages have been rising, particularly on a real basis. Alongside, indicators such as two-wheeler sales and consumer non-durables production...

Apart from gross domestic product (GDP) and gross value added (GVA), another indicator which shows whether an economy is thriving or stagnating is the growth in bank credit. Credit is a critical input in the production of goods and services. It is generally the case that during prosperous times, economic actors, who are engaged in different sectors or in various industry, take up bank loans to invest. The provisional data...

-BusinessWorld.in There simply are no easy solutions to the crisis in Indian agriculture, a product of decades of neglect and poor policies It is quite macabre, really — the barely concealed glee that seems to course through liberal analysts and intellectuals whenever it looks like Prime Minister Narendra Modi is heading for trouble. Macabre, because as the latest series of protests and events centred around farmers show, it is as ghoulish as...

-The Hindu Business Line Using just wholesale price index as deflator could distort Real GDP. Price indices for all inputs and outputs would work better Prior to the introduction of the all-India Consumer Price Index, popularly known as CPI combined (rural plus urban), the Wholesale Price Index (WPI) was the most useful price index in India. It measured the weekly rhythm of price movement in the country. Since 2009, WPI has been computed...