Recently, there has been a debate between Professor Arvind Panagariya, former vice Chairman NITI Aayog and Congress leader and former Finance Minister P Chidambaram on the performance of the last four Indian prime ministers namely - Narendra Modi, Manmohan Singh, Atal Bihari Bajpayee and PV Narasimh...
India has ranked 94th among 107 countries in the Global Hunger Index (GHI) 2020. This implies that the Indian government has failed to provide adequate food to a substantial portion of the country’s population. The target of achieving zero hunger by 2030 is very difficult. Even before the Cov...
Most of the industries in India have been in crisis. Many of them are expecting the government's help to rescue them from both supply side and demand side constraints that they have been facing for months.The tea industry of the country speaks differently although it had to suffer huge production lo...
Paul R. Milgrom and Robert B. Wilson have been awarded the Nobel Prize in Economics in 2020. Both are Americans and professors of Stanford University. They won the Nobel Prize for designing mathematical models that promote improvements in the auction theory and for inventing new auction format...
India has been globally famous for its handloom industry for centuries. From the early seventeenth century, India’s two principal export items to Europe were food grains and textiles. In exchange, India predominantly imported horses and precious metals – mainly silver. For more than two centurie...
The Reserve Bank of India (RBI) has further extended the opportunity to banks to avail funds under the Marginal Standing Facility (MSF) by dipping into the Statutory Liquidity Ratio (SLR) up to March 31, 2020. So, the banks according to the RBI press release on September 28, can avail up...
A few days ago, economist Abhijit Banerjee said that the Indian economy had been one of the worst performing in the world. One of the main factors behind that, according to him, was inadequate fiscal stimulation in the economy which has led to no growth on the demand side or on the purch...
Economists, irrespective of schools of thought, are doubtful about the fruitfulness of the recently enacted agricultural reform laws. Even Ashok Gulati, who is one of the most prominent supporters of allowing free market dynamics in the Indian agricultural sector, is not very optimistic about the ne...
Krisnamurty Subramanian, the Chief Economic Advisor (CEA), India has recently stated that the downward economic trajectory would reverse shortly and hoped for a ‘V’ type recovery of the Indian economy. The opposition parties, particularly the Congress and the Left, are not taking the CEAâ€...
Throughout the world, festival seasons give a big boost to the economy. This is the only time in recent memory, festivals may not be able to boost growth.The Chinese New Year festival in January was impacted heavily. Japan is relatively less affected by Covid-19 but its ‘Hanami’ festival in Marc...