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Demonetisation and the GDP: knock-out punch or mild tap? -Aarati Krishnan

-The Hindu The CSO has been consistent with its methods, allowing little room for suspicion of window dressing. Did demonetisation deal a knock-out punch to the Indian economy? Or was it just a mild tap from which it is already recovering? This debate should have been settled with the latest second advance estimates from the Central Statistics Office (CSO) which peg FY17 GDP growth at 7.1%. But commentators who believe that the economy...

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Politically opportune data -Jayati Ghosh

-The Indian Express GDP estimates are advance figures, but by the time they are revised only staid economists will be interested in them Unless we simply dreamt it, demonetisation delivered a massive shock to the economy in early November, which continued well into December because of slow pace remonetisation. The ensuing liquidity crunch affected most informal economic activity and some formal business, and economists generally agreed that declines in demand and disruption...

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Horticulture output likely to exceed foodgrain production in 2016-17 despite meagre growth

For the fifth year in a row, horticulture production is expected to surpass foodgrain production. However, as compared to the crop years 2014-15 and 2015-16, when drought was faced by most Indian states, horticulture production this year is predicted to rise by a meagre amount.   As compared to 2014-15 and 2015-16, horticulture production this year is expected to rise by 2.2 percent and 0.4 percent, respectively. However, as compared to...

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Agricultural credit: Tamil Nadu, Punjab in preferred states' list, even as poor farmers in Odisha, Bihar still deprived -Prasanta Sahu and Sandip Das

-The Financial Express Despite the substantial increase in agricultural credit in the past few years, a few states such as Tamil Nadu, Punjab and (pre-division) Andhra Pradesh continue to corner a large part of it, while most poor farmers in Odisha, Chhattisgarh, Jharkhand and Bihar are still deprived of credit for purchase of basic farming inputs. This scenario has undermined the efficacy of the stepped-up farm credit in boosting agricultural productivity. And...

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From Plate to Plough: It's not about loan waivers -Ashok Gulati & Ranjana Roy

-The Indian Express Indian farmers are facing multiple crises. Punjab’s case highlights their problems. THE ANSWER TO who will form the next government in Punjab is currently sealed in the ballot boxes. Meanwhile, there are reports that the Election Commission has written to the home minister, reinforcing its demand to make electoral bribery a cognisable offence. But what about the assurances made in election manifestos which promise voters the moon before the...

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