-The Indian Express Extended dry spell hits rabi plantings on top of failed kharif crop Bhopal: Madhya Pradesh, an agricultural success story of the past decade, is bracing itself for a rough time this year, with deficient rains resulting in the failure of the kharif crop and also putting a question market over sowing in the ongoing rabi season. The state, in recent times, had emerged as the country’s second largest contributor of...
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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...
More »Don’t dismantle, reform -Sonalde Desai
-The Indian Express There is evidence to suggest that with a few modifications, MGNREGA can dent poverty. There are few government programmes that excite as much passion as the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). For advocates, it is a lifeline for the rural poor. For critics, it is a programme that distorts labour markets and does far more harm than good. In this partisan quicksand, it is hard to...
More »They don’t go to the field -Harish Damodaran
-The Indian Express There is a worrying dearth of Indian economists working on agriculture today. In his classic Money: Whence It Came, Where It Went, John Kenneth Galbraith observed how the economics profession had a well-defined order of precedence. At the top were the economic theorists and specialists in banking and finance. At the bottom of the hierarchy were agricultural economists. George F. Warren from Cornell University was even worse — a...
More »Incentivize pulses production to check spiralling prices
The low rate of inflation of 3.88 percent in Consumer Food Price Index during September, 2015 actually hides the high prices at which various pulses (dal) are available in kirana / retail shops across India. In terms of Consumer Price Index (combined), monthly rate of inflation in pulses and products during September 2015 (over September last year) stood at 29.76 percent as compared to the overall monthly retail inflation of...
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