C P Chandrasekhar & Jayati Ghosh

Policy has not addressed effectively low growth brought on by the global financial crisis, which predates the new threats of unresolved trade tensions and shocks such as coronavirus

After last year’s experience of fudged fiscal statements, Union Budget numbers appear suspect. The fear is that falling revenues will again lead to reduced public spending

A closer look at India’s export performance challenges the view that high growth in the 2000s was due to improvements in export competitiveness, especially in manufacturing

Labour force and work participation rates are low among young women across India. But in some States, already low rates have fallen even further

The slowdown in registered manufacturing draws attention to the structural crisis afflicting the Indian economy, which is both generalised and deep

Faced with dwindling revenues, the government chose to slash expenditure. The burden of these cuts fell disproportionately on social and developmental sectors and on the States

Faced with financial uncertainty and slowing income growth, they are moving away from low-yielding bank deposits. They have also stepped up their NBFC borrowings

Labour force surveys show an increase in public employment. However, this increase is unlikely to have taken place among formal jobs, which promise decent working conditions

Although the rupee has stabilised after a steep fall, it remains under pressure from multiple sources. Depreciation currently brings many costs in lieu of few benefits