According to the 2011 census 7.4 million people in the country were married before the age of 18 years 88 per cent of whom were girls. UP Andhra Pradesh West Bengal Rajasthan Bihar Maharashtra and Madhya Pradesh together amounted to 70 per cent of child marriages in India We celebrated the fifth anniversary of the... Read More
India’s economy had grown at 6.8 per cent during the last fiscal but quarterly GDP growth has been on a steady slide for six straight quarters from 8.1 per cent in Q4FY18 to 5 per cent in Q1FY20 NEW DELHI: Joining the steady stream of agencies slashing India’s growth forecasts Delhi-based think tank National... Read More
The National Council of Applied Economic Research (NCAER) has pegged India’s gross domestic product (GDP) growth for 2019-20 at 4.9 per cent the lowest among the recent forecasts by rating agencies multilateral institutions research firms and government institutions. “India is experiencing a decline in growth which is sharper than the global slowdown. The sharp decline... Read More
Focussing on short-term revenue maximisation can hurt long-term welfare. Auctions must be redesigned to meet a wider set of goals. Since the last decade the auction of key public goods has emerged as yet another important tool in India for resource mobilisation. As a result the auction mechanisms are increasingly being designed to maximise revenue.... Read More
The survey by think tank NCAER showed that the Business Confidence Index fell 15.3% from the preceding quarter The numbers suggest a deep and all-pervasive worsening of business sentiments NCAER said in a statement New Delhi: Business confidence of India Inc declined to its lowest in six years in August-October according to the latest survey... Read More
Business confidence across the industry declined in the September quarter over the previous three months due to an all-pervasive worsening of business sentiment said a survey by economic think tank NCAER on Monday. NCAER's Business Confidence Index (BCI) an indicator of business sentiment across Indian industry stood at 103.1 in the second quarter of 2019-20... Read More
Budget subsidies have been defined as the unrecovered cost of economic and social services. The incidence of these implicit and explicit budget subsidies provided by the central and state governments has declined from about 12.9 % of GDP in 1987-88 to 10.3 % at present. The bulk of these subsidies is provided by the states... Read More
The economy of Bihar is dominated by agriculture, which contributes over a quarter of the state’s income and accounts for employment of about 70 per cent of the rural workforce. Hence, robust growth of the agriculture sector holds the key to the economic and social development of the state. Keeping this in view, the Government... Read More
Bihar has a geographical area of 9.4 million hectares and fertile agricultural land spread across the Indo-Gangetic plains. The net cultivated area in the state accounted for about 57 per cent of the total reported geographical area during 2012-14. Over 70 per cent of rural workers depend on agriculture for livelihood. Despite its importance for... Read More
Given fund shortages, government can at best address one/two most important constraints for agricultural growth. Applying Hausmann growth diagonostic framework, we have attempted to identify binding constraints to agricultural growth in Bihar. We find that the poor functioning of agricultural markets, reflected in the instability in the prices of agricultural produces and the low level... Read More