-PTI/ The Indian Express "India's GDP is expected to contract by 9.6 per cent in the fiscal year that started in March," the World Bank said in the report released here. Washington: The World Bank on Thursday said that India’s GDP is expected to contract by 9.6 per cent this fiscal which is reflective of the national lockdown and the income shock experienced by households and firms due to the COVID-19 pandemic,...
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Academics and CSOs from 87 countries call for an end to IMF's austerity drive so that countries can undertake fiscal measures for economic recovery
-Statement by over 500 organisations and academics from 87 countries against IMF's austerity drive, dated 6th October, 2020 More than 500 organisations and academics from 87 countries have issued a statement today calling on the International Monetary Fund (IMF) to stop promoting austerity and instead support policies that advance gender justice, reduce inequality, and put people and planet first. The IMF has already begun locking some countries into long term austerity-conditioned loans,...
More »The COVID-19 fiscal response and India’s standing -Amit Basole and Jonathan Coutinho
-The Hindu The relief measures do not seem to be commensurate with the economic disruption caused by the lockdown How does India compare in the quantity and quality of its COVID-19 response to other developing countries? Here we extend our earlier analysis of India’s fiscal response (The Hindu online, “India must enhance fiscal support for COVID-19 relief and rebuilding”, April 18, 2020) drawing on the International Monetary Fund Policy Tracker, the COVID-19...
More »Dr. Himanshu. associate professor at JNU and a visiting fellow at Centre de Sciences Humaines, interviewed by Shreehari Paliath (IndiaSpend.com)
-IndiaSpend.com Bengaluru: As India deals with growing numbers of COVID-19 cases and the economic ramifications of the resultant lockdowns, the Bharatiya Janata Party-led government has made a slew of announcements and promulgated ordinances to revive the economy, including the agriculture sector. It brought in the Farmers’ Produce Trade and Commerce (Promotion & Facilitation) Ordinance 2020, Farmers (Empowerment and Protection) Agreement on Price Assurance and Farm Services Ordinance 2020, and amended the...
More »How public health boosts an economy -K Srinath Reddy
-The Hindu A stronger health system in a country can lead to better outcomes on the economic growth front When public health sneezes, the economy catches cold. Dire predictions for the post-COVID-19 global economy have come from the International Monetary Fund, which called the present crisis the worst downturn since the Great Depression. Grim forebodings for the Indian economy have been sounded by many distinguished economists and the Governor of the Reserve...
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