-Livemint.com Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest in eight months New Delhi: India’s new macroeconomic numbers, the last before the Reserve Bank of India (RBI) meets for its 4 October review of monetary policy, pose a dilemma for its new governor Urjit Patel. Retail inflation decelerated sharply to 5.05% in August, while industrial production contracted by 2.4% in July, the lowest...
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Double-whammy: inflation is rising, Factory Output is falling
-The Hindu Business Line June IIP up, but manufacturing grows just 0.9%; retail inflation hits 6.07% in July New Delhi: A barely growing manufacturing sector and a surging inflation dealt a double-whammy to the economy. Retail inflation surged to 6.07 per cent in July, overshooting the government and central bank’s comfort zone of 5 per cent, even as manufacturing growth remained almost standstill at 0.9 per cent in June. Yet, the Index of Industrial...
More »India’s jobless growth is undermining its ability to reap the demographic dividend -Christophe Jaffrelot
-The Indian Express The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009 The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009, as in 2015: Only 1.35 lakh jobs compared to more than nine lakh in 2011 and 4.19 lakh in 2013 in eight labour-intensive...
More »Bundelkhand is ringing an alarm. Is anyone hearing? -Pankaj Srivastava
-GovernanceNow.com A survey in drought-hit Bundelkhand paints a startling picture of farmers in distress Bundelkhand, the land of famous warriors Alha and Udal, is entrapped in an unending battle. But unlike 1857, today there is no ‘harbola’ to tell the stories of sacrifices. Then, Subhadra Kumari Chauhan wrote, “Bundele harbolon ke munh hamne suni kahani thi, khoob ladi mardani voh to Jhansi wali rani thi (from the mouths of storytellers of...
More »Trajectory of distress: From farm to factory
-The Economic Times Blog Two apparently unrelated events — a sharp fall in Factory Output growth and a spike in consumer price inflation —point to deep problems underlying the economy. September industry growth fell to 3.6%, the lowest in four months. Meanwhile, the consumer price index (CPI) went up to 5% in October, higher than the consensus estimate of 4.8%, headed north for the third successive month. The rise in prices is driven...
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