-Business Standard The CSO releases as many as 6 estimates of India's annual economic output growth; believe it or not, these estimates for the same year's economic output are released over a period of three years! When the Central Statistics Office (CSO) declared India’s gross domestic product (GDP) growth figure for 2016-17 on January 6, 2017, economic policy makers in the Narendra Modi government were disappointed. The GDP growth figure was only...
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From Plate to Plough: Growth and the farmer -Ashok Gulati
-The Indian Express Montek Singh Ahluwalia’s book helps frame the problem: Tilt in favour of consumer in food policy reduces incentives for farmers, makes it difficult to unlock resources for growth. Last month, Montek Singh Ahluwalia’s book, Backstage: The Story Behind India’s High Growth Years, was released. It is an account of India’s economic reform journey— a process in which Montek was an insider for about 30 years. Besides some very interesting...
More »Response to COVID-19 shows India has the political will to control infectious diseases -Vikram Patel
-The Indian Express All comparisons between COVID-19 and TB end with the superficial observation that they are both deadly respiratory tract infections. The world has been spooked by COVID-19, the novel flu-like virus which emerged from the slaughter-houses of China and is now sweeping across the planet, propelled by the very engine of the global economy that it now threatens to pull asunder. Thanks to the waves of news engulfing us, including...
More »Bleak prospects -Mahesh Vyas
-Business Standard/ Centre for Monitoring Indian economy (CMIE) It is logical to believe that employment conditions in India have deteriorated quite substantially during 2019-20. Economic growth has slowed down and investments show no sign of picking up. Outlook for the economy in 2020-21, and therefore also for employment, is also getting increasingly difficult by the day. With capacity utilisation remaining very low at around 70 per cent, the prospects of an...
More »Govt should tackle the demand side instead of dealing with the supply side of the economy -Yashwant Sinha
-The Indian Express This government is barking up the wrong tree. First of all, it is solely responsible for the present slowdown. Second, it has no understanding of what has caused the problem. Third, therefore, it is flailing its arms in all directions except the right one and causing more pain. I have often been criticised for being critical of the present regime, even by people near and dear to me. One...
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