-The Indian Express For all their talk on farm distress, on agriculture, BJP, Congress show they have not learnt from past failures. We often feel proud of our democratic system. But it also has a shortcoming, which has been magnified in the current election season. The conversation today is not about what the BJP/NDA promised in its manifesto of 2014, and how far they have been able to deliver on their...
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Of shells, companies and GDP -R Nagaraj
-The Hindu The government must put the MCA-21 data under scrutiny and bring transparency in calculating corporate output About a third of non-government non-financial companies in the services sector are not traceable is the finding of a National Sample Survey Office (NSSO) survey for 2016-17 that has just been released. Since such entities could be shell/fake/bogus companies included in the MCA-21 database of “active” companies used for estimating the gross domestic...
More »Could the single engine driving India crash? Yes, if you go by one of Modi's top guys
-The Economic Times At a time when the shadow of a slowdown lengthens but the government steadfastly downplays any such concern, here comes a cracker of an observation from one of India's most celebrated economists who also happens to be a vital cog in Modi's policy team. In an interview to NDTV, Rathin Roy, member of the PRIme Minister's Economic Advisory Council (PMEAC) and Director of National Institute of Public Finance &...
More »The middle income trap that India must avert
-Livemint.com A top economic adviser has flagged the risk of stagnation that lack of inclusive growth could cause. We must reduce inequality and help everyone achieve upward mobility The warning by Rathin Roy, a member of an economic panel advising PRIme Minister Narendra Modi, that India could be headed for a “structural crisis" has sparked a debate on whether the economy’s days of high single-digit growth rates are a thing of the...
More »First challenge for next govt: Food inflation set to return -Parthasarathi Biswas & Harish Damodaran
-The Indian Express The past couple of months have seen PRIces of a host of farm commodities surge, mainly on the back of drought in large parts of western and southern India, coupled with an early and harsher-than-usual summer. New Delhi, Pune: THE BJP-LED NDA government’s tenure has been marked by benign food PRIces. Consumer food inflation has ruled below general retail inflation for 31 months running, from September 2016 to...
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