-PTI/ The Hindu Inflationary pressures, meanwhile, remained subdued as seen by a modest increase in input costs and only marginal rise in selling prices. India’s manufacturing sector activity improved for the third straight month in October with companies raising output to the greatest extent in 13 years amid robust sales growth, a monthly survey said on Monday. The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.8 in...
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Covid puzzles: Jobs back, labour shrinks, demand low but Inflation still high -Aanchal Magazine and Anil Sasi
-The Indian Express While much of the world is seeing benign Inflation trends, India is a clear exception. Among the drivers of headline Inflation in India in recent months has been food prices, especially those of vegetables. With economic activity picking pace after the easing of lockdown measures, the recovery has thrown up some paradoxes: revival in employment amid a fall in labour force participation, surging Inflation rate despite disInflationary impact from...
More »Can a stunted population drive development?
-The New Indian Express As for our media, it’s more interested in a Bihar-born actor, his girlfriend and her brother. So India is in the ‘serious’ category on the Global Hunger Index. No surprises there. There’s dismal relief only in the fact that 94th out of 107 countries is a notch better than previous years—a slow, dispiriting crawl, and below our entire neighbourhood. Bangladesh, Myanmar and Pakistan, though also in GHI 2020’s...
More »Do You Know How Much Veggies are Costing, Mr. Modi? -Subodh Varma
-Newsclick.in Devastated by the pandemic and lockdown, people are now facing a back-breaking Inflation, especially in everyday food items like vegetables. In just the past month, Inflation (annual price rise) has zoomed up, delivering a body blow to family budgets. Recently released government data shows that retail Inflation rate hit an eight-month high of 7.34%, up from 6.69% in August. This is general Inflation, including all items of consumption. For food items, the...
More »Growth compulsions, fiscal arithmetic -C Rangarajan and DK Srivastava
-The Hindu The economic situation warrants enhanced government expenditure; the policy challenge is to minimise the growth fall India’s growth in the first quarter of 2020-21 at (-) 23.9% showed one of the highest contractions globally. Global growth prospects for 2020 have been projected by a number of multilateral institutions and rating agencies including that for India. The 2020-21 real GDP growth for India is forecast in the range of (-) 5.8%...
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