ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Trends in Agricultural Production

The fourth advance estimates of agricultural production in 2012-13 see only a small change in output forecasts, but the outlook for 2013-14 is for a substantially higher level of foodgrain production. In the recent past, the area and production of non-foodgrains has risen faster than of foodgrains.

RBI's Policy Stance

The Reserve Bank of India has in its attempt to control the exchange rate volatility of the rupee perplexed the market. The short-term measures announced to limit money market liquidity went against its accommodative medium-term stance, causing considerable uncertainty in the market. In hindsight, they seem to have hurt the financial system as a whole.

The Balance of Payments Situation: 1991 and Now

There is a fear that the current vulnerabilities on the balance of payments front signal another crisis as in 1991. This article analyses the factors underlying the current problems in the BoP and points out the key differences and also a few similarities between the state of the Indian economy then and now.

A Rethink on India's Foreign Trade Policy

With the global recovery nowhere in sight, this note looks at alternative strategies available to India to bridge the widening current account deficit by playing to the strengths of domestic production systems and through diversifying trading partners.

Nuances of the Reserve Bank's Exchange Rate and Reserves Management

There is a widely-held view that due to widening inflation differentials in India vis-à-vis the advanced economies, the rupee is, infact, overvalued in real terms and a downward adjustment would help in boosting sagging exports and in narrowing down the trade deficit. This note attempts to address related issues and suggests a way forward.

Sustainability Issues in India's Balance of Payments

The cover provided to the balance of payments all these years by invisible receipts and capital infl ows made the government lax about the widening merchandise trade defi cit. Now with the current account defi cit widening to dangerous levels, policy has shifted to wooing foreign capital at all costs and looking at options to control gold imports. The key to sustainability of the BOP lies in boosting manufactured exports and thereby containing the trade defi cit.

Priority Sector Credit

The revised RBI guidelines on priority sector lending discriminate against small and marginal farmers and favour corporates involved in agriculture. The guidelines seem to have been drawn up under pressure from banks.

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