-Hindustan Times The note, which has been reviewed by HT, paints a grim picture of the global economy going forward, does not rule out something like the Great Depression of the 1930s, and sees a rise in poverty, unemployment and debt. The Covid-19 pandemic will transform the global economic order for worse, with a “market subverting” China emerging as the alternative pole to the US, says a background note of the Niti...
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What made Centre change its approach from incentivising states to forcing down reforms? -Harish Damodaran
-The indian Express The Centre is within its rights to enact laws promoting barrier-free trade of farm produce (inter- as well as intra-state) and also dismantling stockholding restrictions. But that can be only after the farmer has sold. In November 2019, the Fifteenth Finance Commission submitted its interim report, wherein it proposed special “performance based incentives” to states that carried out agriculture sector reforms. These reforms specifically pertained to their enacting and implementing...
More »india’s economy in 2020: Year of many questions -Anil Sasi
-The indian Express india's economy in 2020: As Annus Horribilis 2020 comes to an end, there are positives in the economy: signs of a GDP rebound, and buoyant equity markets. But demand is weak, receipts are down, and the employment situation is grim. All eyes are on the Budget — and on the vaccines In a little over a month, Finance Minister Nirmala Sitharaman will present what she has heralded as “a...
More »2020: A year of strange weather events -Abhishek Jha
-Hindustan Times Floods, cyclones, colder winter, unexpected rains, india has seen them all. 2020 has been strange and difficult in so many ways that it seems almost criminal to add one more to the mix — the weather. Floods, cyclones, colder winter, unexpected rains, india has seen them all. High rainfall at a time when rainfall is declining india received a total of 1,286.6mm rainfall until December 27 this year. This is the ninth...
More »india’s external sector during the pandemic -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org The complete absence of any meaningful fiscal response from the indian government in the face of one of the biggest economic crises ever faced, cries out for explanation. One argument has been that the central government is concerned about its external vulnerability: a large increase in public spending could generate higher imports, thereby worsening the trade deficit at a time when volatile capital flows have already made the balance of...
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