-CaravanMagazine.in In the budget unveiled in July, the finance minister Nirmala Sitharaman ambitiously claimed that India’s economy would hit $5 trillion by 2025. In the weeks that followed, the Central Statistics Office revealed that the gross domestic product growth rate for the April–June quarter fell to a six-year low of five percent; the Reserve Bank of India cleared a surplus transfer of Rs 1.76 lakh crore to the union government; and...

  Is it the case that the global economic downturn instead of shrinking domestic demand has affected our economy more? If the aforesaid statement is true, then ideally the trade related data should indicate improvement in our imports and deceleration in the country's exports. However, that is not the case and we get a mixed picture.   A press release by the Ministry of Commerce & Industry dated 13th September, 2019 shows...

-The Hindu Business Line The government must simplify and rationalise GST, kickstart rural consumption, revive agriculture and tackle the lack of credit for capital creation, says former PM Former Prime Minister Manmohan Singh, an eminent economist himself, feels that the Narendra Modi-led government needs to come out of its habit of headline management and address the economic challenges which the country is facing today. “We cannot afford to deny that India is facing...

-Economic and Political Weekly The widely accepted “success” of India’s green revolution in making the country self-sufficient in foodgrains has made it the model for all agrarian futures envisioned in the country. This article argues that this vision of the future is based on a selective understanding of India’s agrarian past as backward and needing redemption. There is inadequate evidence to support the claim that India was food-insecure in the 1960s....

-The Hindu Disturbing a federal system that protects the complexity of human identities could pave the way for conflict It is sometimes claimed that once ordinary people benefit from economic development, they automatically set aside issues related to their identity. Such a view was found not only in materialist theories that gave explanatory prIMAcy in human life to economic factors but also among leaders of social and political movements. Nehru, for instance,...