National Council of Applied Economic Research
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
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
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
Fully 70 percent of its Bihar's rural work force is employed in agriculture, which contributes over a quarter of the state GDP. Hence, rapid agricultural development remains important for Bihar. Recognizing this, the State government started implementing what it called Agricultural Road Maps in 2008, and is currently on its third Road Map (2012-13 to... Read More
he five-year period 2012-13 to 2016-17 witnessed a decline in Indian merchandise exports at an average rate of 4.5 percent per annum. The Ministry of Commerce and Industry initiated a discussion in August 2018 on designing a strategy for doubling India’s exports by 2025. This growth from US$ 504 billion exports of goods and services... Read More
NCAER’s Mid-Year Review of the Indian Economy (MYR) presents the most comprehensive, independent assessment of the Indian economy. The 2019-20 Review has been published in a longstanding partnership with the India International Centre (IIC), New Delhi. NCAER is grateful to Rudrani Bhattacharya at NIPFP for collaborating with us on the crucial forecasting and nowcasting exercises:
The high logistics costs in India as compared to those in countries that have similar business environments and are going through the same stage of growth is a matter of serious concern for both the country’s manufacturing sector and its comprehensive development as a whole. Several reasons are cited for the high logistics costs in... Read More
Globalisation has opened up economic opportunities for developing countries in the form of outflow of value-added services, low-cost raw materials , human resource skills, improved market access for their exports, efficiency gains in their economies through technology transfer and spill-over, and resource re-allocations. Consequently, various developing countries, including India, have increasingly begun to position themselves... Read More
The prevalence of high logistics costs in India as compared to other countries with a similar environment and level of development is a matter of concern as it poses challenges for the manufacturing growth and comprehensive development of the country. Several reasons are cited for the high logistics costs in India, including an unfavourable policy... Read More
Before making any policy intervention, it is important to estimate the overall logistics costs, including the various associated components/elements in order to understand and identify the problem areas and arrive at meaningful solutions. This NCAER report symbolises a major step in the direction of quantification of logistics costs. Such an exercise, in fact, needs to... Read More
