-Deccan Herald Poor pandemic management has added 10 million youth to the ranks of the unemployed in the country India’s GDP growth rate has been slowing consistently since 2016, thanks to consistent economic policy mistakes made by the Union government, starting with demonetisation. It hurt the non-farm unorganised sector MSMEs, as it hurt agriculture (third year running, after two years of drought in 2014 and 2015). Between them, these sectors are responsible for...
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Step up agri-spending, boost farm incomes -Poornima Varma
-The Hindu India’s poor AOI is a stark reminder of the need to attain a key sustainable development goal of higher agri-growth While the overall budgetary allocation towards the agricultural sector has marginally increased by 4.4% in the Union Budget 2022-23, the rate of increase is lower than the current inflation rate of 5.5%-6%. The Food and Agriculture Organization (FAO) of the United Nations (UN) report for 2001 to 2019 shows that,...
More »Sanjeev Sanyal, principal economic advisor, interviewed by Kamalika Ghosh (OutlookIndia.com)
-OutlookIndia.com The principal economic advisor is confident of achieving GDP growth promised by finance minister Nirmala Sitharaman in the budget but is also cautious that some external factors can derail the projections Automobiles and two-wheelers are seeing muted sales not because of a low-demand situation afflicting the sector, but because there is a supply-side issue about chips, principal economic advisor to the government Sanjeev Sanyal told Outlook Business. He also said that...
More »Union Budget 2022: The Concerns and Numbers Don’t Square Up -Arun Kumar
-TheWire.in Much was expected from the Union Budget 2022 which has come at a time when the Indian economy is facing an economic turmoil due to the coronavirus pandemic and battling widespread unemployment and inflation. High hopes were pinned on this year’s budget as the country saw young people protesting for Railway jobs, farmers protesting for the government to address their loss of incomes, micro-sector producers as they faced closures and PSU...
More »Indian Economy is in a Vicious Spiral; Only Way Out is by Empowering Working People -Prabhat Patnaik
-Newsclick.in India needs a larger government expenditure on transfers to the working people. For such larger expenditure, resources have to be raised through greatly increased taxation of the rich- a reversal of the perverse fiscal strategy the government has pursued so far. The Indian economy is currently caught in a vicious spiral of inflation, stagnation and a widening of the fiscal deficit. And this spiral is set to become even more vicious...
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