-ThePrint.in Greater formalisation will see a shift from low-paying, labour-intensive jobs in informal sector to more productive, formal-sector jobs. This could lead to disruption in short term. A report issued by the State Bank of India (SBI) last month estimated that India’s informal economy has shrunk to 15-20 percent of the GDP in 2020-21 from 52 percent in 2017-18. The report uses employment and digitisation to assess the extent of formalization in...
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Jaideep Hardikar gives an intimate account of India’s farm crisis -Manu Moudgil
-The Tribune A farmer ends his life every 30 minutes in India. There are some who don’t end up in this pile of statistics and are saved through timely action of family and friends. Ramrao Panchleniwar, a cotton grower in Maharashtra’s Vidarbha region, is one such survivor. He wished to drown his financial worries in two bottles of insecticide in 2014. In this book titled after him, Ramrao’s life and near-death...
More »TN destitute misses Demonetisation bus, loses life savings -Sivaguru S
-The New Indian Express One such person, A Chinnakannu, a visually-impaired destitute man from Krishnagiri, recently got a shock on hearing his savings of Rs 65,000 are now worthless. KRISHNAGIRI: It’s been about five years since Prime Minister Narendra Modi announced the Demonetisation of Rs 500 and Rs 1,000 notes, but apparently, there are people who’ve just received the news. One such person, A Chinnakannu, a visually-impaired destitute man from Krishnagiri, recently...
More »Growing Distress and a Falling Unemployment Rate: What is going on in the labour market? -Ishan Anand and Anjana Thampi
-TheIndiaForum.in The Periodic Labour Force Survey for 2019-20 has thrown up some unusual and contradictory patterns in employment and unemployment. However, the trends in the labour market over three years of the PLFS from 2017-18 onwards are clear and cause for worry. The pandemic has had a disastrous impact on lives and livelihoods. The national lockdown of March–May 2020 will be remembered for its devastating neglect of migrant workers and the unprecedented,...
More »Modinomics’ Legacy ― Labour Traffic Now Flows From Factories to Farms -MK Venu
-TheWire.in The ‘vikas’ train has begun to chug the wrong way, as it were. A worrisome aspect of the Indian economy is reflected in the share of employment in agriculture dramatically rising from 42.5% of the total employed in 2018-19 to 45.6% in 2019-20. This may signify an unusually large movement of labour from industry or services sectors to agriculture. The total number of persons employed in India varies between 400 million and...
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