-Livemint.com Clearly, there is much more to GDP data than aggregate estimates. The National Statistical Office (NSO) released estimates of gross domestic product (GDP) for the second quarter of this fiscal year on 30 November. Based on these, India’s GDP in the July-September quarter increased by 6.3% compared to last year, whereas the gross value added (GVA) during the same period increased by 5.6%; the manufacturing sector witnessed a contraction of 4.3%....
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Realistic analysis shows that the Indian economy has simply taken little steps in Q1 instead of a quantum leap
There is euphoria abound about India's growth performance during the first quarter of the current fiscal. As compared to the corresponding period last year, the year-on-year (y-o-y) GDP growth in the first quarter (Q1) of 2022-23 is down. However, one should take into account the fact that the high growth performance of the real GDP in Q1 of 2021-22 was due to the low base in the corresponding period of...
More »What Lies at the Foundation of the Prolonged Agrarian Crisis in India? -Shinzani Jain
-Newsclick.in The deeper rot in agriculture can be overcome through more far-reaching reforms, starting from an overhaul of pre-capitalist land relations and relations of production that continue to shackle productivity and are at the root of aggravating poverty, unemployment and inequality in rural India. It has been more than five months since farmers from different parts of the country began protesting in Delhi. They have been unflinching when it comes to their...
More »The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha
-Livemint.com Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter The first estimates of economic growth in the September quarter indicate that India’s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate...
More »Agri industrialisation is need of the hour, and this calls for focus on secondary agriculture -Ashok Dalwai
-The Financial Express In part one of this article (Secondary agriculture is of primary importance; August 10; https://bit.ly/31H0h0E), the need to expand the market range both horizontally (territorial extension) and vertically (functional expansion), as also the role of agro-processing in achieving the latter in particular, were discussed. In this part, the article dwells upon promoting secondary agriculture on the shoulders of food and non-food processing. Current status of agro-processing The processing sector in...
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