-Business Standard The first two years of the Narendra Modi government were marked by big announcements that will take their time to materialise. The one sector that is unfazed by slogans is agriculture. The sector is crippled by back-to-back droughts coupled with a record fall in farm prices. A slump in global markets meant that agriculture Exports, which could provide farmers alternative revenue, dried up. Agriculture and processed food Exports from India...
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Slump in Agricultural Exports a Threat for Government’s Vision for Farmers -Sudhakar Gummula
-TheWire.com The government wants to double farmer incomes by 2022, a feat that it cannot achieve without seriously tackling the current slump that has a direct impact on the sale of farming products. As part of its recent budget, the central government announced its aim to double farmers’ incomes by 2022. To this end, the state of agricultural Exports is an important factor which needs attention, as it creates an additional demand...
More »Job growth at a snail’s pace -Santosh Mehrotra
-The Hindu For jobs to grow, consumer demand has to improve consistently. This can only happen with an industrial policy, which India has not had since 1991 There will be no demographic dividend without growth in industrial and service sector jobs. The underlying logic behind a dividend is that as jobs grow, incomes rise and so do savings. Based on higher savings, the investment rate to GDP grows, resulting in faster GDP...
More »India’s jobless growth is undermining its ability to reap the demographic dividend -Christophe Jaffrelot
-The Indian Express The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009 The last quarterly survey by the Labour Bureau showed that India has never created so few jobs, since the survey started in 2009, as in 2015: Only 1.35 lakh jobs compared to more than nine lakh in 2011 and 4.19 lakh in 2013 in eight labour-intensive...
More »Farm distress: Monsoon isn’t the only spoiler -Harish Damodaran
-The Indian Express Why the revival of Exports matters as much as rains for Indian farmers. It is generally held that the woes of Indian farmers today have had largely to do with extreme weather events. The southwest monsoon failed in both 2014 and 2015. Besides, we had extensive crop damage from unseasonal rain and hailstorms over large parts of north, west and central India in March 2015. From this also follows the...
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