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Taliban Takeover Alters Trade; Spices, Dry Fruit Price Increase

The trade between India and Afghanistan has come to a halt. Ahead of the festival season in India, many varieties of dry fruits and spices are in short supply due to disruption in Indo-Afghan trade, and prices have skyrocketed.

Mobile Phone Export Jumps Over Three-Fold To Rs 4,300 Cr In Jun Quarter: ICEA

BW Online Bureau

Companies & Markets

Mobile phones' exports had stood at around Rs 1,300 crore in the corresponding period a year ago, when the COVID-19 pandemic hit the globe, according to the ICEA.

Too Soon To Predict Indo-Afghan Trade Future: FIEO DG

Abhishek Sharma

Economy India

In the past few days, several reports have emerged about how import-export trade in India, the largest beneficiary of Afghanistan's exports, is at a halt which is taking a toll on the people in the business due to their stuck payments.

The Middle Classes Have Become Hollowed Out: Nobel Laureate Prof. Abhijit Banerjee

Manish Kumar Jha

Economy India

On an exceptionally clear afternoon in August, Manish Kumar Jha of BW Businessworld sought him out in the capital during a visit to India and picked his mind on the state of the Indian economy, India’s privatization programme and the need for centres of excellence in academia which is lacking in advance and cutting edge R&D. The discussion centered on the inflation--rise in prices of consumer products; a “realignment of the market” as it adjusts to the growing inequality among consumers. He advocated injecting more liquidity into the economy. He did not consider the Indian economy to be “unusually closed” in the perspective of the developed West or China. And let the “rupee slide” to promote Indian exports, among other things. Excerpts:

Leather, Its Products' Export Jumps To USD 641.72 Mn In Apr-May 2021: CLE

BW Online Bureau

Companies & Markets

The CLE plans to organise virtual meets and webinars in the US, Israel, Guatemala and Germany in co-ordination with Indian Missions concerned.

We Committed To Agriculture Reform As MSP Monies Are Paid Directly To The Farmers: Sanjeev Sanyal, Principal Economic Adviser

Manish Kumar Jha

Economy Policy

Principal Economic Adviser in the finance ministry Sanjeev Sanyal’s work in chaos theory and his belief that economic growth demands perpetual imbalance may be the right recipe for the Indian economy given its complexity. The government though is very conservative on fiscal balance. He talks to BW Businessworld’s Manish Kumar Jha about fiscal support and its multiplier effect, the bold steps and disruptions in opening the economy further, pushing pending reforms, gyrating out of pandemic-led economic disruptions, and more.

This Is Not The Time To Hold On To Fiscal Framework: Rajiv Kumar, Vice Chairman, Niti Aayog

Manish Kumar Jha

Economy India

“So a consumption-led fiscal stimulus will not result in a virtuous economic cycle unless its magnitude is huge as has been the case in the US or other advanced economies”

The Union Government Is Quite Clear about Its Decision To Privatise Several PSEs: Bibek Debroy, Chairman, Economic Advisory Council To the PM

Manish Kumar Jha

Economy Policy

The scale and spread of Covid 2.0 has once again subdued demand, especially in rural India. The economy will obviously need both fiscal and monetary support in greater measures at least to ensure recovery does not falter. To be able to entice more investment into the economy, some extraordinary policy measures will become necessary like reforms in the financial sector, the Railways and defence production, along with a more transparent fiscal deficit target. In a candid chat with BW Businessworld’s Manish Kumar Jha, Chairman of the Economic Advisory Council to the Prime Minister and leading economist, Bibek Debroy, talks of policies that will decide the future course of the Indian economy and that “illusive inclusive growth”.