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Facing the slowdown -Kaushik Basu

-The Indian Express India’s economy is not doing well. Only carefully crafted policy reforms can turn it around The Indian government recently lowered its economic growth forecast for 2017-18 to 6.5 per cent, and there is reason to be concerned. That the economy would suffer a slowdown after demonetisation was inevitable, as all professional economists could see. But growth dropping to 5.7 per cent and 6.3 per cent in, respectively, the first...

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The Truth Behind the Gujarat Growth Model -Indira Hirway

-TheWire.in After huge incentives to corporate units, the Gujarat government is left with limited funds for education, health, environment and employment for the masses. What is the Gujarat model? In simple terms, it refers to a period from 2002-03 to 20011-12 during which Gujarat experienced a quantum jump in its growth rate. The driving force was the then chief minister Narendra Modi’s innovative interpretation of neoliberal policies. The growth strategy had three major...

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Six steps to job creation -Santosh Mehrotra

-The Hindu It is crucial to align policy across sectors and upgrade the country’s social infrastructure In India’s highly segmented labour market, one can still discern at least three demographic groups that are in urgent need of jobs: a growing number of better educated youth; uneducated agricultural workers who wish to leave agricultural distress behind; and young women, who too are better educated than ever before. India is indeed the fastest growing large economy...

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Monsoon in India: Country feels the pinch as rainfall 5 pct less than normal

-The Financial Express The cumulative rainfall for southwest monsoon this year (July to September) has been 5% less than normal. The distribution has been uneven, with excess rains in some parts and shortage in several other areas like Uttar Pradesh, Haryana, Punjab, Madhya Pradesh and parts of Maharashtra. This has impacted sowing. As compared with last year, sowing is lower for foodgrains and oilseeds. Even the government’s first advance estimates say that...

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From textiles to tech: Wave of job losses hits new and old economy -Anil Sasi

-The Indian Express The Indian Express points to spreading employment distress in a market where fresh hiring opportunities are increasingly limited. TEXTILE to capital goods, banking to I-T, start-ups to energy, the economy’s downward spiral is leaving a trail of job losses across both old and new economy sectors. In the near absence of consolidated employment numbers, disaggregated data collated from across these sectors by The Indian Express points to spreading employment distress...

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