-Livemint.com India’s actual growth rate over the past few years may have been in the range of 5-5.5% over the past few years, according to a new study Last month, a research paper by the former chief economic adviser to the finance ministry, Arvind Subramanian, reignited the controversy surrounding India’s GDP calculations. In his paper, Subramanian suggested that India’s growth rate in recent years had been grossly overestimated --- a claim that...
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Not by wishful thinking -R Nagaraj
-The Hindu A $5 trillion Indian economy may be attainable if domestic saving and investment are stepped up In early June, at a NITI Aayog meeting, Prime Minister Narendra Modi set a clear and bold economic target — to grow India into a $5 trillion economy by 2024. It is now for ‘Team India’, as the meeting was bannered, to translate this target into a plan and policies and programmes. Historically, such...
More »Industry needs 'national innovation system' -Santosh Mehrotra
-The Hindu Business Line India’s manufacturing needs higher investment in education and R&D to become self-reliant and technologically competent The share of manufacturing in India’s GDP has stagnated at 16 per cent since 1991, despite economic reforms. No country ever became a manufacturing force without (a) a design capability; and (b) an institutional system that incentivises and sustains innovations. India needs a system to develop human and technical capabilities at both the...
More »Homelessness highlights the inequality behind GDP growth numbers -Debarati Bhattacharya
-The Hindu Business Line To tackle homelessness, the government should provide better incentives to developers to provide affordable housing Food, clothing and shelter are three basic human needs. Out of the three, shelter remains beyond the reach of 1.77 million people in India, accounting for 0.15 per cent of the nation’s population (Census 2011). Rights groups, however, say that the actual figure is at least three times higher. Consequently, a large number...
More »Agricultural reforms and urban accountability key to water management -Joydeep Gupta
-TheThirdPole.net Between wasteful flood irrigation, free electricity to farmers, and skewed market incentives, agriculture is a mess; while lack of accountability creates urban water problems in South Asia The 2019 South Asian summer monsoon is late, slow and inadequate so far. If it makes up somewhat for lost time, those 55% of Indian farmers who do not get irrigation water will still suffer, but there is a chance that reservoirs may fill...
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