PRAGOTI

While India is not likely to face a financial meltdown of the kind that was nearly experienced in the US, the global financial crisis will certainly have an impact. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh consider the possible negative effects of the crisis on India and whether the Government’s response so far has been appropriate. Courtesy: Business Line.

The National Rural Employment Guarantee Act has now been in operation for more than two years, even though it is still being extended to all the rural areas of the country.

In that relatively short time, it has already become one of the most avidly studied programmes of the Central Government, with many independent evaluations in different States as well as government audit of its performance thus far.

The last two decades have seen the gradual erosion of US and EU dominance in hi-tech manufacturing. The principal challenger has been and remains China. India, unfortunately, has lagged far behind, though capabilities generated during the import substitution years have given it some recent gains in global markets, argue C. P. Chandrasekhar and Jayati Ghosh, in The Hindu Business Line. Article courtesy, The Business Line.

Despite the apparent public complacency regarding the balance of payments, there are reasons to be concerned about recent trends. In this edition of Macroscan published in the Business Line, C. P. Chandrasekhar and Jayati Ghosh specifically examine tendencies in the current account and assess their significance for the immediate future. Article courtesy, Business Line newspaper.