-The New Indian Express The latest growth print also implies that restoring both India's fastest growing economy tag and the ballyhooed USD 5-trillion target will be further delayed It's official. India's economy has been reduced from flesh to bone with September quarter GDP growth crashing to a 26-quarter-low of 4.5 per cent. Just a quarter before, it grew at 5 per cent, which now appears respectable than the latest print. The Central Statistics Office's...
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In variance with the official growth story -R Nagaraj
-The Hindu Surveys, including the recently leaked one on consumer expenditure, point to the economy’s dire state How fast has India grown lately? And, what are the yardsticks on which the country’s performance is being measured? These have remained contentious questions. Following the last decade’s boom, the economy was slowing after 2011-2012, but apparently turned around under the National Democratic Alliance (NDA) regime. Until very recently, the government claimed the economic success...
More »Institutions weakened, economy crippled -M Suresh Babu
-The Hindu The credibility of the RBI, the CSO and the Niti Aayog has taken a beating in recent times due to political interference Nobel laureate Oliver Williamson pondered over an important question, around 25 years ago: “Why are the ambitions of economic development practitioners and reformers so often disappointed?” According to him, “one answer is that development policymakers and reformers are congenital optimists. Another answer is that good plans are regularly...
More »Why India's mega bank mergers move may not yield the desired results -Mythili Bhusnurmath
-The Economic Times Government’s forced mega merger of public sector banks could scupper economic recovery. I am not saying we maintain a Panglossian countenance, that we smile away every difficulty. But, in any real economy, the mood is very important,’ observed Reserve Bank of India governor Shaktikanta Das, speaking at an event in Mumbai late August. Sound advice. Sentiment matters. Irrational despondency can be as damaging for the economy as ‘irrational exuberance’. But...
More »Agri GDP growth falls: Doubling farmers' income in next 3 years looks a tough task -Rajalakshmi Nirmal
-The Hindu Business Line While production has dropped, it has not been accompanied by a commensurate increase in price Last week, while the CSO released the Q1 GDP numbers, it also showed numbers for agriculture, forestry and fishing as a segment. For the June quarter, this segment’s growth in real terms was 2 per cent, against 5.1 per cent in the same quarter of the previous year. Agri GDP growth has been sliding...
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