While the passage of bills related to agriculture reforms passed by Lok Sabha this week is indeed landmark, it is not exactly new. The bills had already been promulgated as ordinance in May, earlier this year. That makes the current protests interesting as there was no opposition then. If the bill was wrong, why was it not opposed when the ordinance was passed?! Nevertheless, here is a brief look at the provisions of the bill and why it matters so much. Continue reading The Farmers Bill – Understanding the provisions
The GDP for the quarter ended June’20 (Q1’FY21) has suffered an unprecedented decline as per the data released by NSO (National Statistical Office) today. With a decline of 23.9%, almost a quarter of the GDP has got wiped out! The economy’s performance is among the worst across the globe and with daily Covid cases hitting close to 80,000, global highest, government seems to have failed to protect both – health of the economy and of its people. While this may have been the worst for the economy, it is difficult to predict how far it would go before the worst is over for the people. Here is a brief analysis of GDP and its constituents. Continue reading GDP Q1’FY21 – A Quarter is Lost…
The much-awaited GDP data, released yesterday by MOSPI, shows that economy expanded by 3.1% during the quarter ended March’20, lowest in all the quarters since the beginning of current series (2011-12). While the decline puts the economy in a grim situation, what is even more concerning is that growth rate for the first nine months (April-Dec’19) has been revised down from 5.1% to 4.5%. This puts a question mark over this quarter numbers also and there is a high likelihood that this may also see a downward. Nevertheless, here is a brief analysis of GDP and its constituents. Continue reading GDP – March’20 Analysis
