-The Hindu Uneven inflation and sluggish growth present serious dilemmas for policymakers Policymakers face a tricky dilemma as prices in the economy continue to rise even as economic growth has plummeted to well under 5%. Food inflation, now in double-digits, has caused significant pain. The International Monetary Fund on December 23 called for “urgent” policy measures to reverse the current slowdown that has weighed down global economic growth. The warning is timely...
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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...
More »Indian economy delicately poised -Renu Kohli
-The Telegraph By all indications revival in 2020 is not possible The year 2019 has played out on a mixed note. Politically, the general election outcome upheld the popular choice of a majority government. Economically, conditions deteriorated rapidly through the year. In fact, an undercurrent of concern about the economic situation prevailed throughout 2019. This surfaced upfront immediately after the May election and reached a flashpoint by the middle of the...
More »Redesign fiscal policy to fire up infrastructure growth -Ejaz Ghani
-Livemint.com India’s manufacturing sector is moving out of costly and congested cities to rural areas in order to stay competitive. But poor infrastructure is hampering its growth The global economic downturn has raised concerns about the effectiveness of conventional economic policies, which were designed for stabilization, and not for reviving growth in developing countries. Rural distress, spatial disparities, the gender divide and climate change, all combined with the threat of low and...
More »Mind the statistics gap -C Rangarajan & S Mahendra Dev
-The Indian Express Growing divergence between consumption expenditure estimates from NSO surveys and GDP data is too big to be pushed under the carpet Recently, we had expressed concerns that with the GDP Growth Rate falling in the post 2011-12 period, the decline in the poverty ratio would be slow. During 2011-12 to 2018-19, both GDP and agriculture growth were lower than in the earlier period. The terms of trade were not...
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