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Not by wishful thinking -R Nagaraj

-The Hindu A $5 trillion Indian economy may be attainable if domestic saving and investment are stepped up In early June, at a NITI Aayog meeting, Prime Minister Narendra Modi set a clear and bold economic target — to grow India into a $5 trillion economy by 2024. It is now for ‘Team India’, as the meeting was bannered, to translate this target into a plan and policies and programmes. Historically, such...

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Five policy reforms to jump-start growth -Niranjan Rajadhyaksha

-Livemint.com How India can put in place policy reforms to raise GDP growth without creating macroeconomic instability Mumbai: The second Narendra Modi government has begun its innings in the midst of a sharp economic slowdown. Economic expansion in the fourth quarter of the previous financial year was at the lowest level in five years—and 2.2 percentage points lower than growth in the first quarter of that year. The recent loss in economic...

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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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131 CAs back Modi govt on economic data, question motives of scholars who criticised it -Remya Nair

-ThePrint.in The CAs, led by Manipal group chairman T.V. Mohandas Pai, have labelled the allegations made by the 108 economists and social scientists ‘baseless’. New Delhi: Days after 108 economists and social scientists accused the Narendra Modi government of altering or withholding unfavourable economic data, a group of 131 chartered accountants (CAs) defended the government and questioned the scholars’ political motivations. The CAs asked all professionals to come together to portray the progress...

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Slipping on democracy -SY Quraishi

-The Indian Express A recent Democracy Index confirms the paradox of India being the world’s largest electoral wonder, but an increasingly flawed democracy. The Economist Intelligence Unit recently published its 11th report on the “State of Democracy in the World in 2018” titled “Me Too? Political participation, protest and democracy”. The EIU has over seven decades of experience in studying the spectrum of democracies in the world. The index made news...

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