-TheWire.in/ Business Standard The rate of growth for India’s GDP has just about halved in just three years. New Delhi: The narendra modi government’s economic growth story has suffered yet another huge knock. Along with that has come the official admission that the government’s fiscal deficit last year was as large as 4.6% of gross domestic product (GDP), much wider than the 3.8%provided in the Budget presented in February earlier this year. On...
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India powers surge in global autocracy -Anita Joshua
-The Telegraph 'It is on the verge of losing status as a democracy due to shrinking space for media and civil society' More people are living under autocracies than under democracies across the world and India’s “steep decline” on democratic traditions despite electoral politics is a contributing factor to the global surge in autocratisation. India has also been put among the top 10 autocratising countries. This is one of the conclusions of a study...
More »Modi Govt is Blind to the Crushing Jobs Crisis -Subodh Varma
-Newsclick.in Additional funds for MSMEs and MGNREGA are going to create enough jobs, but the economy will remain in doldrums. There has been much mutual patting on the back and self-congratulation, after the narendra modi government announced two policy measures that could have a direct impact on job creation. These were: a special credit line of Rs.3 lakh crore for MSMEs (medium, small and micro enterprises) and an additional allocation of Rs.40,000...
More »India needs to go local with bees too -Sujana Krishnamoorthy
-Livemint.com * Pollinators, especially bees, are a vital part of our ecosystem, responsible for the food security of not just humans but all living beings. * The government needs to take steps for the protection of indigenous bees before it is too late. In his address to the nation on 12 May, Prime Minister narendra modi pointed out the criticality of local production. While its implications for industry et al have been discussed,...
More »The Modi Sarkar’s Project for India’s Informal Economy -Barbara Harriss-White
-TheWire.in From demonetisation to GST and now the lockdown, the government's policies towards the 'unorganised sector' has spelt nothing but rack and ruin. What has the BJP-led government of narendra modi done since 2014 that does not suggest it wishes to destroy the informal economy, also known as the unorganised sector? While the ‘unorganised’ informal economy now accounts for roughly half of India’s GDP – and is shrinking relative to the share of...
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