-TheWire.in Both the Modi government and former PRIme Minister Manmohan Singh are ignoring one crucial aspect of reviving the economy: raising effective demand. Only a few weeks ago, the central government was talking grandly about India reaching a $5-trillion economy and refusing to recognise the severe slowdown India is going through. (This is not such a grand ambition when compared with China, which is often portrayed as India’s competitor, because by 2025,...

-The Hindu There has to be a focus on human capital formation and in addressing the real reasons for the economic slowdown On Independence Day, the PRIme Minister expressed confidence that India would be a $5-trillion economy in 2024, a line that has been picked up by ruling party leaders, Ministers and also senior government officers. However, this is surPRIsing as the impact of economic growth on major development goals — examples being...

-Newsclick.in The Infant Mortality Ratio (IMR) data, which has either risen or remained stagnant in urban areas raises questions about the condition of the urban health care system. While on one hand, the Narendra Modi led Bharatiya Janata Party (BJP) government has been making tall claims about its  Ayushman Bharat scheme, crucial indicators such as Infant Mortality Ratio (IMR) are showing a deep disparity. The decline in the government’s expenditure on public...

-PTI Economists at State Bank Research also warned that any attempt to trim government spending to maintain the fiscal numbers will be severely detrimental to growth. Lose-monetary policy alone cannot arrest the deepening slump, instead government must take demand-boosting measures, especially in rural areas, by frontloading expenditure PRImarily through the national rural employment scheme, says a report. Economists at State Bank Research Monday also warned that any attempt to trim government spending to...

-Newsclick.in Data confirms an acute demand crisis in rural India and beyond. Finance Minister Nirmala Sitharaman’s latest statement on millennials contributing to the auto industry slowdown by shifting their preferences—choosing Ola or Uber ride-booking services instead of buying cars—is feeding many a meme on social media. Even before her statement, sections of industry and the banking sector had been pushing this argument. Not just PRIvate banking giants, such as Uday Kotak, but even...