-The Indian Express Current economic contraction is different from previous ones. Governments should borrow and spend India has never experienced negative economic growth since 1979-80, and before that in 1972-73, 1965-66 and 1957-58. All these were drought years with 1957-58 also registering a significant balance of payments (BOP) deterioration and 1979-80 witnessing the second global oil shock following the Iranian Revolution. The real GDP decline of 5-10 per cent that various agencies are...
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Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)
-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...
More »How China Reduced the Urban-Rural Economic Chasm – and How India Can Do it Too -Mahesh Uniyal
-TheWire.in Unlike China which supported productivity-enhancing R&D investments, India’s focus has been on politically-driven subsidies that mainly benefit large farmers. We saw the trailer two years ago. TV news visuals of the plight of thousands of rural poor marching to Mumbai shocked the relatively affluent residents of India’s financial capital. The March 2018 Maharashtra farmers’ march and now the nationwide COVID-19 lockdown-triggered migrant exodus has exposed the stark duality of India – an...
More »The great lockdown gums up animal farms -Sayantan Bera
-Livemint.com * India’s cattle are on an enforced diet, milk’s value is on the slide and chicken farmers are in deep despair * The livestock sector contributes 30% to India’s Agricultural GDP and is valued at over ₹9 trillion. Yet, during the lockdown, policy and remedial interventions have largely focused on crops NEW DELHI: Shravan Kumar Yadav often wakes up in the middle of the night these days. The incessant mooing and grunting...
More »India is constantly tinkering with GDP data. It’s hard to rely on it now -Vivel Kaul
-Newslaundry.com In the latest instance, GDP growth projections for the first two quarters of 2019-20 have been revised up, making it easier to meet the annual growth target of 5 percent. The Gross Domestic Product figures for the period of October to December 2019 were published late last week. GDP measures the economic size of a country. Alongside, the GDP figures for the previous two quarters – April to June 2019 and July...
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