Newsclick discusses with Deepak Nayyar, eminent Economist, India's External Credit Balance Crisis. Nayyar says the situation is serious and we have the seeds of a macro-economic crisis in the external sector. The Current Account Deficit is at a level which is unsustainable. Financing it in the short term is no solution. He says unless there is a beginning to address the fundamentals in the external sector, the situation cannot be remedied. Talking about the export sector, Nayyar says, “ We have killed auto parts exports by entering into Free Trade Agreement with ASEAN and there are serious concerns on the FTA with the European Union.”

Newsclick discusses with Biswajit Dhar, Director General of Research and Information System for Developing Countries, the India – EU Free Trade Agreement and its fall-outs.

Dhar says the agriculture sector is going to be particularly affected by the dumping of highly subsidised agricultural products from the EU. Several sections like the automobile industry and the milk co-operative, Amul, have expressed concerns over the FTA. The entire negotiating process has been non-transparent. Even the Parliament of our country has not been taken into confidence. Addressing concerns like the Current Account Deficit actually get defeated by agreements like these FTAs. Dhar feels such policies will make India more import-dependent.

Prof Jayati Ghosh speaks to Newsclick on global price rise and its impact on developing countries, India in particular.

Dr Smita Gupta, senior economist with the Institute of Human Development and someone who is actively involved with farmers' organisations comments on the issues related to "land acquisition" in India. A Newsclick Presentation.

The ongoing India EU FTA has far reaching consequences for the agricultural sector and its production for both the partners. To better understand the scenario, a brief overview of the background is necessary.

The ongoing India EU FTA has far reaching consequences for the agricultural sector and its production for both the partners. To better understand the scenario, a brief overview of the background is necessary.

The Bt Brinjal debate has featured technological worries relating to genetically modified crops which appear relatively minor in comparison to the critical issue of who controls Indian agriculture and therefore food security in India. While there cannot be a mere technological fix to the problems of Indian agriculture, technology – and therefore GM will be part of the solutions. The article is an extract from a larger manuscript to be published in the EPW.