-The Indian Express As the Modi government completes three years, here are three potentially game-changing steps it could now take to harness the sector’s unrealised potential Amidst the predictable tidal wave of opinion pieces to mark the Narendra Modi government’s third anniversary, one little event last week squeezed its way into the inside pages of a few newspapers. This was a call for a “farm strike” in Maharashtra from June 1,...
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The hazards of farm loan waivers -Tanika Chakraborty and Aarti Gupta
-Livemint.com Research provides evidence that a blanket farm loan waiver scheme is detrimental to the development of credit markets The Bharatiya Janata Party (BJP) won the 2017 state elections in Uttar Pradesh with a thumping majority and once again, the state government has a debt-waiver package ready to be implemented. The BJP’s electoral manifesto had committed to write off loans of small and marginal farmers, which would approximately cost the government Rs37,000...
More »Job creation in high-growth India should be a top priority -Harsh Mander
-Hindustan Times There are almost no jobs available in India’s high-growth economy. Job creation has plummeted to levels even below those of preceding UPA governments. Of the one million new people who join the workforce every month, only 0.01% of new workers added to the work force actually found work. For millions of young voters Prime Minister Modi’s most alluring election promise in 2014 was that his government would create ten million...
More »What the Data Tells Us About 'Sabka Saath, Sabka Vikas' -Anamitra Roychowdhury
-TheWire.in The Modi government has struggled to achieve success on crucial development fronts such as farmer incomes and job creation. Public memory in India is amnesic. Still, it is difficult to forget that Narendra Modi rode to power in 2014 on the plank of promoting development, aptly captured by ‘Sabka Saath Sabka Vikas’. This is not a novel idea in itself as others too have tried to win over voters adopting similar...
More »Farm plots in Maharashtra becoming smaller -Zeeshan Shaikh
-The Indian Express The total Agricultural Land has also dipped by 1.18 per cent to 1.97 crore hectares of land. Mumbai: Even as clamour for farm loan waiver grows to afford temporary relief to farmers amid volatility in commodity prices and poor returns from farm produce, the state is facing a problem of increased fragmentation of Agricultural Land. Smaller plots not just bring down agricultural productivity, but also affects farmers’ economies...
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