The slowdown in Indian economy started knocking on Indian doors by the end of 2015 (Upadhyay, 2015) and it crept into unnoticed. Even the government, RBI, most of the economists and industry leaders are taken by surprise that were optimistic just a few months back (PTI, 2018). Even the global consumer confidence in India was on peak with Consumer Confidence Index score of 133 (Whye, 2019). As per news reports, about 200 manufacturing companies were eager to relocate its production bases from China to India (ET, 2019). However, in 2014 Raghuram Rajan expressed the possibility of financial meltdown in coming years (Schuman, 2014).
Sunday, August 25, 2019
Friday, August 2, 2019
Everyday there are a report about the suicide of farmers in the country. And most of the farmers who attempt suicide are found to be growing cash crop like cotton, sugarcane and jute. This has left so many unanswered questions about the reasons behind these suicides. However there is hardly any doubt about the distress in the Indian farm sector. There is a broad consensus about the same among the economists as well as the Indian administration (Iyer, 2018).