-The Indian Express All such investments will go a long way to augment farmers’ incomes in a sustainable manner. Else, I am afraid, much of the talk in the Union budget for agri-reforms will remain mere rhetoric. Although the Union budget is basically an accounting exercise of revenues and expenditures for the coming year, economy-watchers anxiously wait for the finance minister to announce major economic reforms. In that sense, the budget of...
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IMF lowers global growth forecast for 2019, cites 'sharp slowdown' in India
-The Indian Express "Domestic demand has slowed more sharply than expected amid stress in the non-bank financial sector and a decline in credit growth," India-born IMF Chief Economist Gita Gopinath said. Citing a sharp economic slowdown in India and other emerging markets, the International Monetary Fund (IMF) on Monday lowered growth estimate for the world economy to 2.9 per cent for 2019. Besides, the International Monetary Fund also trimmed India’s growth estimate...
More »The puzzle of inflation going up despite low demand in India -Himanshu
-Livemint.com The government’s inordinately large food stockpiles have resulted in an artificial market scarcity On 7 January, the ministry of statistics released India’s advance estimates of national income for 2019-20, pegging the economy’s growth rate this financial year at 5%. Based on data available for the first two quarters, this seems an overestimate. Most indicators suggest that actual growth may be lower than 5%. This is bad news, especially since there is...
More »Is the Indian economy staring at stagflation? -Prashanth Perumal J
-The Hindu Why is the scenario of rising prices and falling growth a cause for worry? Can the government or the Reserve Bank of India do anything? The story so far: The rise in retail price inflation to a nearly six-year high of 7.35% in December has led to increasing worries that the Indian economy may be headed towards stagflation. The current rise in retail inflation has been attributed mainly to the...
More »When farmers turn to play the market -Parthasarathi Biswas
-The Indian Express Between September and December, when retail onion prices soared from around Rs 30 to Rs 100-plus per kg (they have since fallen to Rs 50 or so), Paswan has similarly urged state governments through Twitter to “act” against alleged hoarders of the bulb. On January 7, Union Consumer Affairs minister Ram Vilas Paswan took to Twitter, to issue a stern warning to “hoarders”, whom he blamed for “creating artificial...
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