Indias food security programme to have impact on world market: Report
The Dollar Business Bureau The large coverage of the National Food Security Act (NFSA) will inevitably intensify the requirements for food grain procurement, storage and distribution. And, given the size of India’s stocks compared to the world’s total utilisation, there will also be considerable potential impacts on the world market, said an Organisation for Economic Co-operation and Development (OECD) report. In 2013, the National Food Security Act (NFSA) was passed, which aims to provide food security to 67% of the population by distributing a fixed amount of subsidised grain each month. The government of India implements its price stabilisation and food security policies through the Food Corporation of India (FCI). FCI has been successful at providing remunerative prices for ...
Employment growth is flat in India: OECD report
The Dollar Business Bureau The workforce participation rate in India is on the lower side reflecting the greater size of the informal economy and lower literacy levels, said an OECD (Organisation for Economic Co-operation and Development) Report. In its latest report, “Securing Livelihoods for All: Foresight for Action,” OECD said that In most developing regions, 80% of people feel they are struggling or even suffering in their daily lives, rather than thriving. Furthermore, emerging trends in the economy, technology, demography, environment and security could negatively impact livelihoods – defined as the ability to support oneself and thrive now and in the future – in the next decades. “The outlook for livelihoods is fragile. Emerging global trends are creating a lot ...
Economic growth in India firming up, says OECD
The Dollar Business Bureau Close to Moody’s Investors Services affirming the Government of India’s credit rating outlook to ‘positive’ from ‘stable’, the Organisation for Economic Co-operation and Development (OECD)’s said that its Composite Leading Indicators (CLIs) for India indicate firming growth. Turning points of CLIs tend to precede turning points in economic activity relative to trend by approximately six months, point to strengthening of growth momentum in the euro area too. A release by OECD said that In Italy and France, the signs of a positive change in momentum, which were assessed as tentative in March, have now been confirmed while the CLI for Germany continues to point to positive change in Momentum. The outlook is for stable growth ...
Indian economy set to perform strongly, but challenges remain
The Dollar Business Bureau While India’s economic outlook remains fairly stable, recent revisions to the national accounts methodology and the revised historical data are lifting the forecast, says FocusEconomics, a Barcelona (Spain) - based research firm in its ‘Consensus Forecast’ on India. The firm’s panellists raised their projections by 0.6 percentage points in March 2015. The panel now expects GDP to increase 7.1% in FY 2015-2016. For FY 2016-2017, the panel sees the economy expanding 7.6%. The report added, India’s external sector showed that the trade deficit totalled USD 6.8 billion in February, which was below the USD 8.3 billion shortfall observed in the same month last year. February’s result represents the lowest deficit in 17 months. In the 12 ...
