Media Monitor
Agriculture Industry
From plate to plough: No achhe din for the farmeredit
The Central Statistics Office (CSO) has released the second advanced estimates of national income for 2018-19, along with the quarterly GDP estimates for Quarter 3 (Q3). The overall GDP for Q3 is down to 6.6 per cent and for 2018-19 as a whole, the GDP is expected to grow at 7 per cent, a notch lower than 7.2 per cent achieved in 2017-18.
GDP slowdown to worsen, more rate cuts likely nowedit
Going into an election with GDP slowing for two quarters (it will be three once the Jan-March numbers come in) and at a 6-quarter low can’t be good news for a government, though the flipside is that the central bank can be expected to make another two rate cuts of 25 bps each over the next 2-3 monetary policy reveiews due to sluggish growth and inflation remaining below target. From 8 % in Q1FY19, GDP growth fell to 6.6% in Q3FY19—the last time growth was so low was in Q1FY18 when it clocked 6%. In fact, the quarter-on-quarter growth is the slowest in five years if you exclude the demonetisation quarter of FY17.
No achhe din for the farmer! Modi govt’s agriculture record is mediocreedit
The Central Statistics Office (CSO) has released second advanced estimates of national income for 2018-19, along with quarterly estimates of GDP (Q3). The overall GDP growth for Q3 is down to 6.6% and for the whole year (2018-19), GDP is expected to grow at 7%, a notch lower than the 7.2% achieved in 2017-18.
CM to start new agri policy for farmersedit
The Chief Minister Kamal Nath has said that a new agriculture policy will be formed in the State in order to make the farmers self-reliant and for their overall development.
Beyond loan waivers & dolesedit
Farmers do not need charity like loan-waivers or doles. They need income through fair returns on their produce to live with dignity,” maintains one of the major farmers’ organisations, the Consortium of Indian Farmers Association (CIFA).
Opinion | Spotlight on clusters a welcome step for agri-exportsedit
It’s election time in India. Politicians know that the agricultural household voter still holds the key to the ‘vote bank’. Most farm-related election posturing takes the form of loan waivers or an increase in Minimum Support Prices. Between elections, little is done to increase agricultural productivity or foster a transition from the farm sector to services and manufacturing. Elections come and go, but the life of the marginal farmer stays largely the same.