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Delayed monsoon, weak rural economy took toll on tractor sale

-The New Indian Express The industry has warned that this trend may continue if no stimulus is given to boost rural demand. Delayed monsoon, weak rural economy, tightened liquidity scenario, and the vicious cycle of droughts and floods have dragged down the demand for tractors, which is already witnessing slowdown since the start of this fiscal. The industry has warned that this trend may continue if no stimulus is given to boost...

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Economic growth problem: It's time now for Modi-II to undo the damage -TN Ninan

-Business Standard Aiming for unachievable growth rates would compound past errors. The economy has to lower its sights, and do some hard thinking about how to come out of the present hole, writes T N Ninan There is a general sense that the economic growth problem came upon us suddenly in the last few months. In some ways, it did — for example, through the continuing fallout of the collapse 11 months...

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Is the current slowdown cyclical or structural? -Deepti Mathew

-IANS While there is a consensus that the economy is slowing down, the debate is still going on whether the slowdown is structural or cyclical. The Indian economy is passing through a phase of economic slowdown, with the GDP growth registering one of the lowest rates of 5.8 per cent in the last quarter of FY19. The GDP growth rate for the first quarter of FY20 is feared to be lower than...

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How Consultative Has India's RCEP Strategy Really Been? -Albertina Almeida

-TheWire.in There is little doubt that the smaller stakeholders and businesses within India's informal economy have the most to lose, and yet their voices are not being heard. “Concluding RCEP [Regional Comprehensive Economic Partnership] this year is the region’s ‘collective interest and highest priority’”, trade ministers of the proposed pact are reported to have announced after their meeting in China in early August 2019. India was interestingly not represented by trade minister Piyush...

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What happened to poverty during the first term of Modi? -Himanshu

-Livemint.com Consumption declined over the period 2014-18, confirming fears that people ended up worse off Various data from the financial to the corporate sector over the last two months are confirming the worst fears of a sharp decline in demand in the economy. With stagnant investment and Exports, there are clear signs of a sustained slowdown. Most of this was well known to anybody following the Indian economy, barring the government, which...

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