-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...
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Modi II, Budget I: Come July 5, eyes on plan to revive growth -Aanchal Magazine & Anil Sasi
-The Indian Express Union Budget 2019 Date, 5 July 2019: Expected to outline the economic trajectory of the new NDA govt, the Budget, come July 5, will be watched as much for any big ideas to kickstart growth as the government’s patchy record on fiscal prudence. The Indian Express does the maths Union Budget 2019 Date: On February 28, 2015, at the customary post-Budget press conference, then finance minister Arun Jaitley,...
More »The case for doubting India's GDP numbers -V Anantha Nageswaran
-Livemint.com Arvind Subramanian’s conclusions about GDP growth figures are in the right direction. There’s no point being in denial Arvind Subramanian was the chief economic advisor (CEA) to the Government of India from October 2014 to June 2018. Among other things, he became well known and was praised deservingly for his economic surveys. He made that document interesting, useful and accessible. He also took it to the country by hosting online lectures...
More »Which one is a better indicator for depicting the problem of joblessness -- Proportion Unemployed or Unemployment Rate?
In a recent blog post, Columbia University professor Arvind Panagariya mentions that the critics of the present Prime Minister of India failed to underscore ‘employment rate’ -- flip side of unemployment rate -- that stood at nearly 94 percent according to the report on Periodic Labour Force Survey 2017-18. A recent article by Dr. Vikas Rawal and Prachi Bansal, however, points out that in order to understand the problem of joblessness...
More »Drought casts spell on Maharshtra economy, growth stagnant at 7.5% -Sandeep Ashar
-The Indian Express The one indicator that will worry the Devendra Fadnavis-led government the most as it spells out its final budget before the state polls on Tuesday is the negative growth in the crop sector. Mumbai: Suffering from a crippling drought and growing agrarian distress, Maharashtra’s economic growth remained stagnant at 7.5 per cent. According to the economic survey Report (ESR) 2018-19, which was presented to the state legislature on...
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