-The Hindu Business Line This method is more productive and cost effective in agriculture, which accounts for 80% of the water consumed Water scarcity has now reached a new level in India. While severe drinking water scarcity is noticed commonly everywhere, farmers are facing a lot of difficulties in cultivating crops with reduced water availability in different regions. What is worrying is that water scarcity is expected to aggravate further in the...
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The farm-factory connect -Ashok Gulati
-The Indian Express Raising farm productivity is the first step to increasing rural demand and reviving the manufacturing sector As per the last report of National Statistical Office (NSO) released on May 31, the Gross Value Added (GVA) at basic prices (2011-12 prices) for the fourth quarter (Q4) of 2018-19 has slumped to 5.7 per cent for the overall economy, 3.1 per cent for manufacturing, and -0.1 percent for agriculture, forestry...
More »India lost over Rs.90,000 crore to trade misinvoicing, says GFI report
-Livemint.com * Of the total estimated revenue losses, approximately $4 billion was due to export misinvoicing and approximately $9 billion due to import misinvoicing * Almost two-thirds of Indian imports that appear to be most at risk for some degree of potential revenues losses are imports from China New Delhi: India lost a staggering $13 billion, over Rs.90,000 crore, to trade misinvoicing, equivalent to 5.5% of the value of the country's total revenue...
More »Economic growth may have slipped below 7% in FY19, lowest in 5 years: ET Poll - Kirtika Suneja
-The Economic Times January-March quarter growth may have slumped to 6-6.3% against 6.6% expansion in the preceding one. NEW DELHI: India’s economic growth is likely to have slipped below 7% in FY19, the lowest in the past five years, because of a disappointing fourth quarter. That could prompt a further cut in interest rates by the central bank and renewed efforts by the incoming government to drum up demand and private investment,...
More »To create jobs, an industrial policy focused on labour-intensive industries is key -Santosh Mehrotra
-Hindustan Times These sectors deserve consistent support over time to compete internationally since India is lagging behind Manufacturing contributed in 2017 only about 16% to India’s GDP, stagnating since economic reforms began in 1991. By contrast, in east and south-east Asia, the industry share has exceeded 30-40% while manufacturing is 20-30%. India’s manufacturing share of GDP has not moved up at all, though between 2004-05 and 2011-12 manufacturing employment growth was...
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