Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
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Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | The pillars of an equitable post-COVID India -S Mahendra Dev    </title>
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In the post-pandemic world, addressing inequality is key to sustaining growth and well-being

COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class..."/>
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In the post-pandemic world, addressing inequality is key to sustaining growth and well-being

COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class..." />
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    <h1 class="cat-box-title">The pillars of an equitable post-COVID India -S Mahendra Dev</h1>
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		 Published on</span><span class="text-date"> Apr 6, 2021</span>
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>In the post-pandemic world, addressing inequality is key to sustaining growth and well-being</em></p><p style="text-align:justify">COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than 150 per day more than doubled. The Pew report also warned that the situation may actually be worse than estimated because of worsening inequalities. International organisations like the World Bank, the International Monetary Fund and the International Labour Organization have also warned about rising inequalities in several countries including India due to the pandemic.</p><p style="text-align:justify"><em>Made worse now</em></p><p style="text-align:justify">Inequalities in India have been high even in the pre-COVID-19 period. The economic shock due to the pandemic has been much more severe for the country for two reasons. First, pre-COVID-19, the economy was already slowing down, compounding existing problems of unemployment, low incomes, rural distress, malnutrition, and widespread inequality. Second, India&rsquo;s large informal sector is particularly vulnerable. Inequalities were increasing earlier also but the pandemic has widened them further. For example, the share of wages declined as compared to that of profits. The big companies and a large part of the corporate sector could manage the pandemic. The quarterly net profit of the BSE200 companies reached a record high of 1.67 trillion in the third quarter of FY21 and was up by 57% year-on-year. But the informal sector and workers have suffered a lot with loss of incomes and employment in the last one year. In other words, the recovery is more k-shaped with rising inequalities.</p><p style="text-align:justify">The economy recovered in the third quarter of FY21 with a positive GDP growth of 0.4% as compared to minus 24.4% in the first quarter and minus 7.3% in the second quarter. For the year FY21, the economy would contract by 8%. GDP growth is likely to increase by 10%-11% in FY22. But the levels of GDP show that it will grow only around 1.1% in FY22 as compared to FY20 levels. According to the Centre For Monitoring Indian Economy, the employment rate is still 2.5 percentage points lower now as compared to the level before the lockdown last year. Women lost more jobs and many are out of the workforce. Inequalities have increased in health care and education.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true">click here</a> to read more.</p>                                                           
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>In the post-pandemic world, addressing inequality is key to sustaining growth and well-being</em></p><p style="text-align:justify">COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than 150 per day more than doubled. The Pew report also warned that the situation may actually be worse than estimated because of worsening inequalities. International organisations like the World Bank, the International Monetary Fund and the International Labour Organization have also warned about rising inequalities in several countries including India due to the pandemic.</p><p style="text-align:justify"><em>Made worse now</em></p><p style="text-align:justify">Inequalities in India have been high even in the pre-COVID-19 period. The economic shock due to the pandemic has been much more severe for the country for two reasons. First, pre-COVID-19, the economy was already slowing down, compounding existing problems of unemployment, low incomes, rural distress, malnutrition, and widespread inequality. Second, India&rsquo;s large informal sector is particularly vulnerable. Inequalities were increasing earlier also but the pandemic has widened them further. For example, the share of wages declined as compared to that of profits. The big companies and a large part of the corporate sector could manage the pandemic. The quarterly net profit of the BSE200 companies reached a record high of 1.67 trillion in the third quarter of FY21 and was up by 57% year-on-year. But the informal sector and workers have suffered a lot with loss of incomes and employment in the last one year. In other words, the recovery is more k-shaped with rising inequalities.</p><p style="text-align:justify">The economy recovered in the third quarter of FY21 with a positive GDP growth of 0.4% as compared to minus 24.4% in the first quarter and minus 7.3% in the second quarter. For the year FY21, the economy would contract by 8%. GDP growth is likely to increase by 10%-11% in FY22. But the levels of GDP show that it will grow only around 1.1% in FY22 as compared to FY20 levels. According to the Centre For Monitoring Indian Economy, the employment rate is still 2.5 percentage points lower now as compared to the level before the lockdown last year. Women lost more jobs and many are out of the workforce. Inequalities have increased in health care and education.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true">click here</a> to read more.</p>                                                           
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        LATEST NEWS UPDATES | The pillars of an equitable post-COVID India -S Mahendra Dev    </title>
    <meta name="description" content="-The Hindu

In the post-pandemic world, addressing inequality is key to sustaining growth and well-being

COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class..."/>
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In the post-pandemic world, addressing inequality is key to sustaining growth and well-being

COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class..." />
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                            <p style="text-align:justify">-The Hindu</p><p style="text-align:justify"><em>In the post-pandemic world, addressing inequality is key to sustaining growth and well-being</em></p><p style="text-align:justify">COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India&rsquo;s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than 150 per day more than doubled. The Pew report also warned that the situation may actually be worse than estimated because of worsening inequalities. International organisations like the World Bank, the International Monetary Fund and the International Labour Organization have also warned about rising inequalities in several countries including India due to the pandemic.</p><p style="text-align:justify"><em>Made worse now</em></p><p style="text-align:justify">Inequalities in India have been high even in the pre-COVID-19 period. The economic shock due to the pandemic has been much more severe for the country for two reasons. First, pre-COVID-19, the economy was already slowing down, compounding existing problems of unemployment, low incomes, rural distress, malnutrition, and widespread inequality. Second, India&rsquo;s large informal sector is particularly vulnerable. Inequalities were increasing earlier also but the pandemic has widened them further. For example, the share of wages declined as compared to that of profits. The big companies and a large part of the corporate sector could manage the pandemic. The quarterly net profit of the BSE200 companies reached a record high of 1.67 trillion in the third quarter of FY21 and was up by 57% year-on-year. But the informal sector and workers have suffered a lot with loss of incomes and employment in the last one year. In other words, the recovery is more k-shaped with rising inequalities.</p><p style="text-align:justify">The economy recovered in the third quarter of FY21 with a positive GDP growth of 0.4% as compared to minus 24.4% in the first quarter and minus 7.3% in the second quarter. For the year FY21, the economy would contract by 8%. GDP growth is likely to increase by 10%-11% in FY22. But the levels of GDP show that it will grow only around 1.1% in FY22 as compared to FY20 levels. According to the Centre For Monitoring Indian Economy, the employment rate is still 2.5 percentage points lower now as compared to the level before the lockdown last year. Women lost more jobs and many are out of the workforce. Inequalities have increased in health care and education.</p><p style="text-align:justify">Please <a href="https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true" title="https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true">click here</a> to read more.</p>                                                           
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The pillars of an equitable post-COVID India -S Mahendra Dev

Published on Apr 6, 2021   Modified on Apr 6, 2021

-The Hindu In the post-pandemic world, addressing inequality is key to sustaining growth and well-being COVID-19 in the last one year has once again reminded us of the growing inequalities in India. A recent Pew Research Report shows that India’s middle class may have shrunk by a third due to the novel coronavirus pandemic while the number of poor people earning less than 150 per day more than doubled. The Pew report also warned that the situation may actually be worse than estimated because of worsening inequalities. International organisations like the World Bank, the International Monetary Fund and the International Labour Organization have also warned about rising inequalities in several countries including India due to the pandemic. Made worse now Inequalities in India have been high even in the pre-COVID-19 period. The economic shock due to the pandemic has been much more severe for the country for two reasons. First, pre-COVID-19, the economy was already slowing down, compounding existing problems of unemployment, low incomes, rural distress, malnutrition, and widespread inequality. Second, India’s large informal sector is particularly vulnerable. Inequalities were increasing earlier also but the pandemic has widened them further. For example, the share of wages declined as compared to that of profits. The big companies and a large part of the corporate sector could manage the pandemic. The quarterly net profit of the BSE200 companies reached a record high of 1.67 trillion in the third quarter of FY21 and was up by 57% year-on-year. But the informal sector and workers have suffered a lot with loss of incomes and employment in the last one year. In other words, the recovery is more k-shaped with rising inequalities. The economy recovered in the third quarter of FY21 with a positive GDP growth of 0.4% as compared to minus 24.4% in the first quarter and minus 7.3% in the second quarter. For the year FY21, the economy would contract by 8%. GDP growth is likely to increase by 10%-11% in FY22. But the levels of GDP show that it will grow only around 1.1% in FY22 as compared to FY20 levels. According to the Centre For Monitoring Indian Economy, the employment rate is still 2.5 percentage points lower now as compared to the level before the lockdown last year. Women lost more jobs and many are out of the workforce. Inequalities have increased in health care and education. Please click here to read more.

The Hindu, 6 April, 2021, https://www.thehindu.com/opinion/op-ed/the-pillars-of-an-equitable-post-covid-india/article34247987.ece?homepage=true

Tagged with: Migrant Workers Informal Sector Informal Workers Income Disparity Wealth Inequality Universal Basic Income Social Safety Nets Human Development Productive Employment Micro, Small & Medium Enterprises MSMEs Social Security Minimum Wages Public Expenditure on Health MGNREGA

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