Agriculture Sector – ‘Marketed Surplus’ and Other Issues..

The passage of farm bills recently has brought focus on the agriculture sector. While agriculture, as a whole, remains an under-developed sector, the inter-state variation is even starker. This is reflected in the ‘marketed surplus’ of different states. Marketed surplus is the quantity that farmer sells in the market after keeping aside the produce for … Continue reading Agriculture Sector – ‘Marketed Surplus’ and Other Issues..
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India’s International Trade – Understanding the Constituents (Part II)

India recorded merchandise exports of $320 bn in FY20 against imports of $474 bn, leading to trade deficit of $154 bn. The surplus on ‘invisibles’ account was $132 bn, reducing the current account deficit to $32 bn. Invisibles as a category comprises of large number of sub-groups. Invisibles comprise of three segments – Services, Transfers … Continue reading India’s International Trade – Understanding the Constituents (Part II)
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India’s International Trade – Understanding the Constituents (Part I)

India’s performance on international trade front, recording persistent deficit, is possibly the reason behind government’s push at Atma Nirbhar Bharat (Self-reliant India). The objective is to generate sufficient foreign exchange to meet our needs without creating future liability. An achievement of sorts on this was generation of current account surplus, a reasonable $20 billion, in … Continue reading India’s International Trade – Understanding the Constituents (Part I)
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The Farmers Bill – Understanding the provisions

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

GDP Q1’FY21 – A Quarter is Lost…

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…

Status of Employment in India – An Overview

While the nation grapples with the paradoxical situation of lack of jobs in rural India for the returnee migrants and lack of sufficient workforce in industries trying to re-start, the annual employment survey, released recently, points to other weak spots of the economy. Other than the employment situation, the report also gives important insights on … Continue reading Status of Employment in India – An Overview
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GDP – March’20 Analysis

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