There is some respite expected for India in terms of prices of imported commodities. This may ease the depletion of its foreign exchange reserves. The country has faced a widening of its merchandise trade deficit from US$ -17.91 billion to US$ -26.91 billion between October 2021 and October 2022. The commodity price data provided by the World Bank in December 2022 (termed as The Pink Sheet) shows that energy prices plummeted by...
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Cereal inflation would be hard to tame amidst low rice acreage
Is India going to face inflation in cereal prices during the rest of the current financial year? Experts differ on this. An analysis by Nomura Global Economics and CEIC finds that a below normal monsoon does not always translate into high retail inflation in food. Similarly, an above normal southwest monsoon does not always bring down the rate of food inflation. However, some agricultural experts (please click here, here and...
More »Dipa Sinha, economics professor at Ambedkar University and lead campaigner with the Right to Food Campaign, interviewed by Rashme Sehgal (Newsclick.in)
-Newsclick.in Dipa Sinha, economist and lead campaigner with the Right to Food Campaign, explains the myriad reasons for India faring worse on crucial hunger indicators and the way out. Economist Dipa Sinha, who teaches at the School of Liberal Studies at Ambedkar University, is actively involved with the Right to Food Campaign. In an interview with Newsclick, she explains why hunger is not an isolated concern but the result of a confluence...
More »Are we witnessing depeasantisation in Indian agriculture?
The newly released Situation Assessment Survey of Agricultural Households and Land and Livestock Holdings of Households in Rural India (NSS 77th Round) establishes the fact that the farm households are more and more relying on wage incomes instead of 'net incomes from crop cultivation' for their livelihoods. In Marxian lexicon, proletarisation (a term that we can loosely use for depeasantisation) refers to the process in which the farmers/ tillers are...
More »Why Tamil Nadu’s welfare politics can’t be called ‘freebies’ -Bethanavel Kuppusamy and Dharanidharan Sivagnanaselvam
-TheNewsMinute.com One highly criticised Tamil Nadu government scheme was giving colour TV sets to households. While it was derided as a ‘freebie’, research has proved otherwise, write Dharanidharan Sivagnanaselvam and Bethanavel Kuppusamy. In a stratified society such as India trickle down economics do not work. Even in a society such as the US, which has a much lower stratification compared to India, trickle down economics has not worked well. Historically, India has...
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