Economists call for new approach to rejuvenate agro-economy ‘hit by GST, demonetisation’

The Print 
October 20, 2019
Samayak Pandey

At JNU conference, social scientists, economists, political commentators and activists speak on poverty, inequality, Indian agrarian distress & shape of economy.

Noted economist Prabhat Patnaik Saturday called for a new methodology to rejuvenate India’s agro-economy.

“Agriculture growth rate should be the new growth rate for India rather than GDP and other data points,” Patnaik, a former professor at Centre for Economic Studies and Planning in the School of Social Sciences at JNU, said Saturday.

He was speaking at a conference, “Theory, Planning and India’s Development Challenge”, organised by JNU to honour another eminent economist, Professor Abhijit Sen.

“Manufacturing is a demand constraint sector whereas agriculture is largely a production constraint sector. Henceforth, more emphasis should be laid on it,” he said.

Various social scientists, economists, political commentators and activists attended the conference and spoke on poverty, inequality, the Indian agrarian distress and the shape of the economy.

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