India is beset with a perfect storm of shocks. The COVID-19 public health emergency has led to an unprecedented, months’ long lockdown of 1.3 billion citizens, which has displaced millions of migrant workers, put the economy under severe stress and stretched administrative capacity.
State finances of Madhya Pradesh mirrors the fiscal situation of states in India and emerging challenges that include lack of buoyancy of internal revenue, prolonged slow economic growth and uncertainties regarding central transfers, and impact of recommendations of the 15th Finance Commission.
The macroeconomic uncertainty created by COVID-19 is hard to measure. The situation demands simultaneous policy intervention in terms of public health infrastructure and livelihood. Along with the global community, India too has announced its initial dose of fiscal and monetary policy responses.
Groundwater has played a key role in success of Green Revolution in India especially in original Green Revolution states comprising Punjab, Haryana, and western Uttar Pradesh (UP). Data from minor irrigation census 2011 shows that the three states (Punjab, Haryana and UP) account for 55 percent of the tube wells in India.
A hornet’s nest could be an apt simile for fossil fuel prices in India. Over years a policy maze has evolved around it, with sharply diverging influence on disparate constituencies. Estimate the increase in total cost of farming as a multiple of direct input costs of fossil fuels in farming.
Impact of fiscal policy at the firm level is a rare field of research. A major lacuna to date is the paucity of studies on the impact of public policy – especially fiscal policy – on the mining firms and their competitiveness. This paper on the mining sector is an attempt to analyse the sector, in particular, at its competitiveness.
As the industrial sector has the largest sectoral share of final energy consumption in India this paper focuses on the assessment of energy savings potential in seven highly energy consuming industries. The paper estimates the energy savings potential for each of these industries using unit level Annual Survey of Industries data for 2007-08.
Multi-pronged initiatives are envisaged for the India: Hydrocarbon Vision-2025 with principal objectives to: ensure oil security, improve customer service, develop a competitive industry, enhance quality of life, and assure energy security.
This paper evaluates the Millenium Development Goals (MDGs) as a framework for measuring development and, subject to qualifications arising from that evaluation, assesses how India is doing in terms of the MDGs.