How India can be part of global supply chains
July 16, 2021
| The Hindu Business Line
A major shift in policy has been taking place in the pursuit of Atma Nirbhar Bharat. These found clear expression in the Finance Minister's Budget speech. The two key industrial policy instruments being adopted are a review of import duties to promote domestic manufacturing and a PLI (Production Linked Incentive) scheme for cash payment on the achievement of pre-determined benchmarks to firms across a wide spectrum of manufacturing.
Real exchange rate: Why the RER is so important
April 7, 2021
| The Financial Express
By 2017, the real exchange rate (RER) of India had appreciated by over 18%. There was hardly any significant growth in productivity to warrant such a large appreciation. To understand the RER movement, if in a year India has an inflation rate of 6% and its trading partners have a weighted average inflation rate of 2% and the nominal exchange rate remains the same, then the RER appreciates by 4% that year. Imports become cheaper by 4% due to the difference in inflation rates with the exchange rate remaining the same. Similarly, exports become more expensive by 4%.
Social security for faster growth
February 16, 2021
| The Hindu Business Line
The upgradation of the skills of the existing work force needs greater priority and focus under the Skill Mission. Programs have to evolve on the basis of an ongoing assessment of anticipated demand for skills in the area. The ready and abundant availability of trained and efficient manpower with the right skills for global supply chains is a major positive in attracting investment. It may be worthwhile for us to get retired skilled workers from countries such as Germany, Japan and Korea to help us in getting training content and methodology right.
Union Budget FY22: Giving tourism priority this year
January 28, 2021
| The Financial Express
In the forthcoming Union Budget, it would be worthwhile trying to shift to a growth trajectory that creates more productive and better-paying jobs. Accelerating the pace of job creation would naturally lead to faster decline in poverty as well as reduction in inequality. The way to do this would be to identify sectors where there is a huge potential for creating better jobs. We need the equivalent of the Production-Linked Incentive (PLI) scheme for creating jobs; an ELI (Employment-Linked Incentive) scheme.
Ladies of the Land
January 24, 2021 |
January 28, 2021
The Telegraph
Manish Anand of Delhi's The Energy and Resources Institute has co-authored a paper on enhancing the role of women in agriculture and allied activities and providing them institutional support.
Preserve natural resources, promote farming
March 1, 2018
| The Tribune
Tackling the agrarian crisis from its roots necessitates attention to the important aspect of the neglect and degradation of natural resources, the natural capital that underlies all agriculture production systems.
