-Business Standard A relatively slower growth in IT Services exports has made India ever more dependent on Capital Inflows and workers remittances to fund its trade and the overall current account deficit IT services are India's single biggest export and a key source of foreign exchange. But there has been a sharp decline in the IT industry’s ability to fund India’s fast-growing merchandise trade deficit and current account deficit. Please click here to...

-The Telegraph Kaushik Basu credits country’s intellectual influx and links its downfall to the practice of hyper-nationalism by junta in 1930s Calcutta: The pursuit of hawkish nationalism is detrimental to the growth of a country’s economy, Kaushik Basu, C. Marks Professor of international studies and professor of economics at Cornell University, said at Para in Purulia on Thursday. “We cannot be hyper-nationalistic…,” Basu said while delivering a lecture on “India’s economy and the...

-TheWire.in Supriya RoyChowdhury's 'City of Shadows' is a compelling study of the lives of the poor in a rapidly globalising Bengaluru. The long caravans of workers leaving the cities for their villages during the national lockdown in 2020 made visible the large proportion of urban workers whose homes are in the villages. Combined with the farmers’ protests, they brought attention to the crisis in agriculture and the failure of agrarian livelihoods that...

-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...

-The Hindu The inflows during 2020-21 have not been in sync with the Government’s priorities for economic recovery In an otherwise gloomy economic scenario, one area of cheer for the Government has been the numbers on inflows of foreign direct investment (FDI). In a recent press release, the Ministry of Commerce and Industry announced that “India has attracted highest ever total FDI inflow of U.S.$81.72 billion during the financial year 2020-21 and...