-IndiaSpend.com Bengaluru: In the aftermath of the COVID-19 epidemic and two months of stringent lockdown, India now faces the crises of unemployment and business closure, particularly in the micro, small and medium enterprise (MSMEs) sector. A new report by the Council on Energy, Environment and Water (CEEW) and the National Institute of Public Finance and Policy (NIPFP) has proposed that MSME recovery can be speeded along by: * Identifying micro, small and...
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Economic data will help policy
-Hindustan Times Release the consumption survey. And ramp up research The Indian economy is set to contract this year. Economic policy must have two clear objectives. It must do all it can to ensure growth revival. And until that happens, the State must ensure that the poor are able to maintain at least basic standards of living. Achieving these goals requires detailed information about the economy. What were household incomes before the...
More »Build a new economic imagination -Yamini Aiyar and Mekhala Krishnamurthy
-Hindustan Times Move beyond State-market, rural-urban, agri-non agri and welfare-growth binaries. They are linked This has been a difficult three months for India. The policy response to the coronavirus disease (Covid-19) and the lockdown has forced it to confront long-ignored realities about the Indian economy — its fragility, regional and spatial concentration and deep structural inequity. It also made visible sources of precarious resilience. Agriculture and associated supply chains, for instance, held...
More »Four Ways that MGNREGA Can Be Expanded to Help India's Rural Economy -Mampi Bose and Shantanu De Roy
-TheWire.in While the increased allocation and attention is welcome, it will not be enough to counter the crisis. The current pandemic has led to loss of livelihood of substantial sections of the India population. With the economy, particularly production activities in the big urban centres, having come to a standstill, a process of reverse migration to villages took place. This decline in economic activities is taking place against a background of continuously...
More »Economy’s Clear Signal: Boost Demand, Not Loans -Montu Bose and Sibin Kartik Tiwari
-Newsclick.in The poor need food and money, not more loans. Only demand-side interventions will revive the economy. The Covid-19 pandemic is an unprecedented crisis that almost all countries are struggling to cope with. Like the rest of the world, India is fighting the spread of the disease and its adverse consequences on the health system and its finances. On the economic front, India was already facing a prolonged slowing down. Even before...
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