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India's new GDP data speaks of robust growth (6.9%) rather than of policy paralysis and industrial decline in 2013-14. But even Chief Economic Advisor Arvind Subramanian is not convinced by the new data. Because, other indicators do not seem to corroborate the high rate of growth, especially when imports actually declined last year.
Pulses are the cheapest source of protein for Indians – and thus a favoured food item nationwide. The Indian pulses sector, however, faces numerous challenges. Scrutiny of the sector increased sharply after price fluctuations in 2015-16 and the increase in import of pulses. Government interventions, as part of the anticipated supply response to the shortfall in availability of pulses, did not entirely mitigate the problem. The sector stands at
Saying that the rise of China and the declining power of the US hint to a new vacuum, Dr. Arvind Subramanian argues that the US should empower the rise of China rather than contain it. By giving China the necessarily positions in existing multilateral institutions, it would force it to behave as a responsible stakeholder, he says.
