The Policy Monitor
The education budget was presented under the umbrella of an ‘aspirational India’ theme. The theme itself kept me wondering if it just meant a meagerly increased spending and a few ‘new’ schemes like always, or did it really mean a stronger emphasis on ‘quality of education’.
. The government’s estimate of 10% nominal growth in GDP for next year with retail inflation currently at 7.35% is worrisome as it indicates a real growth rate of 2.5%, lagging at the tax buoyancy front. With this statistic and the option of new tax slabs, it is necessary to estimate and observe the interaction effect of these variables. Will the government be able to meet its fiscal deficit target with a negative effect of tax buoyancy and elasticity?
The only path forward is to build trust in the bureaucratic and administrative functions of the state. Following or setting up clear objectives like in the China and South Korea model can push infrastructural growth and development.
The contrasting scenarios of record agricultural production and grinding poverty illustrate what is described as the “paradox of plenty” in the agriculture sector. India wastes around food worth approximately $14 billion each year, according to government figures.
Perspective of a Health Activist on the Niti Aayog’s scheme to link new and existing private medical colleges with functional district hospitals and the related ‘Concession Agreement Guiding Principles for Setting up Medical Colleges through PPP’.
The passbook that she showed me was absorbed in the dirt with many stains and inappropriate folding’s. It was not just a passbook for her it was a symbol of economic independence. I turned on my scooter and left the village with the thought of silent revolution the MGNREGA is carrying out in lakhs of Indian villages.
From a GDP perspective, nuclear warheads do just as well as hospital beds or apple pie. -David Pilling, Author of the Growth Delusion
The immediate need is to prioritize high-impact and cost-effective interventions at India’s current stage of development — such as finishing the agenda on infectious diseases, which the government should fund fully. The Health & Wellness Centres — with their promise of comprehensive primary care — has to be accorded top most priority.
The ability of a bank to absorb losses on its capital is compromised when its Capital Adequacy Ratio (CAR) is low. India, amongst its G-20 peers, falls on the lower side of the ratio as a proportion to risky assets.
The state of the Indian Economy is right now best described as worrisome and the latest macroeconomic figures are anything but a reassurance. Dipping growth, shrinking core sectors, rising inflation with even higher unemployment is what in economic theory is defined to be a stagflation or recession-inflationary territory, even though […]