-The Business Standard Impact on farm output to depend on distribution of rains The southwest monsoon is likely to be below normal in 2014 because of the evolving El Niño, a warming of the Pacific Ocean that upsets weather patterns across the globe, according to a forecast issued on Tuesday by a leading private meteorological agency, Skymet. The official monsoon forecast by the India Meteorological Department (IMD) is due on April 25. Rain during...

-The Economic Times     There is a narrative that the UPA's rule at the Centre led to an economic disaster, especially in the second term. In contrast, Gujarat has prospered, thanks to Narendra Modi's good governance. We have several problems with this. First, through UPA's first term and about halfway into its second, many economic indicators critics like to harp on were much better than those during the NDA days. This is true...

-The Indian Express   The Planning Commission numbers show that in the unorganised manufacturing sector, value added per worker has come down by over 5 per cent in the last decade. The Congress and the BJP manifestoes for the general elections talk about the need for raising employment numbers in multipliers but hardly show any understanding of where to maximise those. For both, the Holy Grail is rising of the profile of the...

-Down to Earth China takes over from Europe as the largest investing region Investment in renewable energy sector is on the decline globally, according to a report. Total investment in renewable power, excluding large hydro-electric projects, fell to $214 billion globally in 2013. This was 14 per cent lower than 2012 and 23 per cent lower than in 2011, says a recently released report titled Global Trends in Renewable Energy Investment in...

-The Business Standard   The Indian economy certainly has problems. But compared to the rest of the world, we will take ours any day Over the past couple of years, and particularly the past few months, we have become convinced that economists, the intelligentsia, fund managers, foreign brokers, don't read global macroeconomic news. All of the above have castigated the United Progressive Alliance (UPA) government for having ruined the economy, causing a massive growth...