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Opinion: Bornali Bhandari and Laxmi Joshi.  Small farmers lack access to tools, as the tractor-dominated farm machinery sector suffers from demand, supply constraints India is simply not producing the sort of farm machinery that our small and marginal farmers want or can readily use at a price which appeals to them. Farm machinery comprises equipment...   Read More


  • GDP to grow 7.4% in FY16: NCAER

    India's gross domestic product (GDP) would grow 7.4 per cent in 2015-16 much lower than current official estimates of 8.1-8.5 per cent the National Council of Applied Economic Research said in its mid-year review of the economy on Saturday. The think-tank said: "Industrial growth continues to gather strength while the outlook for services remains mixed....   Read More

  • NCAER lowers GDP forecast to 7.4 per cent for next fiscal

    Economic think tank NCAER on Saturday marginally lowered GDP forecast at 7.4 per cent because of slowdown in agriculture due to deficient monsoon. “This marginal fall is due to the anticipated slowdown in the agriculture sector. Industrial growth continues to gather strength while the outlook for the services remains mixed” National Council of Applied Economic...   Read More

  • India needs to triple steel capacity: Report

    Even as it sees no possibility of India achieving its 300 MT production target for steel by 2025 economic think-tank National Council of Applied Economic Research (NCAER) on Tuesday said the industry needs to create at least 450 MT capacity by 2050. “Our baseline estimate of demand for additional steel production capacity by 2050 is...   Read More

  • Mineral assets: Govt’s auction-only strategy to backfire, hurt steel sector

    The government’s strategy of auctioning mineral resources to ensure transparency in the allocation process would bring exploration activities in the country “to a halt” while adversely impacting the ‘Make in India’ programme the National Council of Applied Economic Research (NCAER) has said in a report. Instead the Centre must focus on incentivising mineral exploration and...   Read More

  • Call to address inverted duty structure in steel sector

    The steel sector at present faces an inverted duty structure which needs to be addressed according to NITI Aayog Member VK Saraswat. Customs duties levied on key raw materials such as coking coal iron ore and metal scrap are higher than those on the end product he said adding: “Most steel exporting countries don’t impose...   Read More

  • An unjustified pay hike

    As public servants get ready to enjoy the New Year’s blessing that the Seventh Pay Commission is expected to bestow it may be a time for the rest of us to look this gift horse in the mouth. The Fourteenth Finance Commission estimates the cost of the Sixth Pay Commission at over Rs. 90000 crore...   Read More

  • No chance of steel sector meeting 12th Plan targets: NCAER

    The steel sector won’t be able to meet this year’s production target of 300 million tonnes (mt) proposed in the draft steel policy 2012 a study by the National Council of Applied Economic Research (NCAER) has said. It added the sector which contributes two per cent to India’s gross domestic product won’t be able to...   Read More

  • Steel industry still in the cold: NCAER

    KOLKATA: National Council of Applied Economic Research (NCAER) a leading economic think tank has said the enthusiasm of 'Make in India' programme seems to be bypassing the steel industry. The current condition of the Indian steel industry is dismal with low profits low capacity utilization and dim prospects for new private investment either foreign or...   Read More

  • Case for inverted duty structure in steel sector: NITI Aayog member

    NEW DELHI OCT 6:  A case of inverted duty structure can be argued for the steel sector said V K Saraswat Member NITI Aayog on Tuesday. Saraswat was releasing a report of the National Council of Applied Economic Research (NCAER) on the reforms required for the domestic steel industry. He said customs duties levied on...   Read More

  • Stumbling blocks to India’s economic aspirations

    This article published in The Straits Times  is written by Dr Shekhar Shah Director-General and Dr Rajesh Chadha Senior Research Counsellor NCAER.     India the world's third-largest economy measured in purchasing power parity terms became a middle-income country in 2007. It has one of the world's youngest populations with some 260 million people below the...   Read More

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