The writer, a former Union minister, is an economist.
There are obviously differences between the two nations on the trade pact. There is “progress”, diplomatese to say we were not at blows, but otherwise we don’t know the way forward.
Advice for North Block: Please don’t cool down the stimulus and start getting back only to “reform” to keep the economy going. If your gross savings and investment rates keep on falling, don’t expect the economy to revive.
Last year, a consultant came to meet me. He was commissioned to give a report on how to build globally eminent universities and since JNU had done it in my days, he wanted the “formula”. There isn’t one: A great university is built with autonomy and accountability.
Women are not the only ones we discriminate against. Brahmanical leadership in thought will be changed to take advantage of the large Adivasi and Dalit population as another great asset for growth.
There is also a need to support the newer kind of farmers’ organisations that are coming up. The need for initial financing for such arrangements, drawing in private rural savings and other financial sector savings, is tremendous.
Ignoring the medium and long-term needs of agriculture can prove to be very expensive in a land and water-deficit regime.
Let us critically examine the relevance of Gandhi’s main economic ideas. The first is that wants should be limited. This is important in a poor economy.
Development required technology, capital, and other resources but above all, motivation and capability of the concerned people to utilise their resources in efficient, equitable, and sustainable manner. Such participation was the core of sustainable development.
Yugandhar was busy as long as his legs and lungs, devastated by cigarette smoking, would allow. He would travel to Anand to help IRMA to develop its State of Panchayati Raj reports.
Most of the announcements will take a few weeks to implement. But if the action starts now, the last quarter of the year should see the economy clocking a 6 plus per cent growth rate.
Gujarat has correctly stated that after the reservoir fills up, if water is still flowing into the dam, the largest main canal of the world will be used to take water to Saurashtra and will fill up the many small dams in the plateau. This was modelled as a benefit of the project in the original blueprint of the SSP in 1984.
Economic policy needs to finetune its focus. It needs fewer lectures on reform.
Rural distress is real. The first is to recognise it. Drinking water, improving efficiency of existing irrigation systems, rural finance, including temporary waiver of loan repayments, needs funds, which the affected states do not have.
Planning in a strategic sense was revived and agriculture was accorded priority after the thoughtless WTO agreements signed by the Narasimha Rao government.
Elections are also a moment for policy fantasies. Perhaps some will come true.
Quarterly GDP growth has set a record. It’s at a six quarter low. Our woes are compounded by the disaster in agriculture. Growth in 2018/19 is sharply lower at 2.7 per cent.
The Indian National Sample Survey is respected the world over. Not just because of its size, but also for its sample design, that uses methods honed by some of the world’s most reputed statisticians.
The new government may not back the allocations in the budget.
The real issue for the country is to ensure growth across gender, caste or religious lines. For markets cannot function otherwise.
New year could see revival of more pluralistic institutions.