-The Telegraph The last time that India faced a full-year contraction in its real GDP was in 1980 The Indian economy shrank by 23.9 per cent in the first quarter ended June 30, signalling that the road to recovery would be more arduous than most economists have projected. It marks the steepest decline since the National Statistical Office (NSO) started quarterly measurement of gross domestic product (GDP) in 1996. The slide in real GDP...
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Migrant workers who were affected by the Lockdown are afraid about livelihoods and health, finds new survey
-WorkingPeoplesCharter.in Working People's Charter- a national alliance of informal sector workers (WPC) presents a preliminary survey titled “After the long marches: What do workers want?” surveying migrant workers – who returned home from big cities due to the Lockdown - across some of the major states in India. This survey examines whether there have been changes in the decision of migrant workers to return to cities in order to find work....
More »Fears of contraction, GDP data today will mark Covid effect & phase of recession -Aanchal Magazine
-The Indian Express With economic activity severely disrupted in the first two months of this fiscal, hit hard by a series of localised Lockdowns and rising Covid-19 cases, GDP contraction for the first quarter is being pegged at an average 20 per cent by economists, with the de-growth range between 15.2 per cent and 25.5 per cent. The April-June Gross Domestic Product (GDP) will mark India’s entry into a recessionary phase —...
More »A 29% non-govt GDP fall is behind abysmal growth -Vivek Kaul
-Livemint.com The collapse of GDP growth by 23.9% for the Apr to Jun period isn’t a surprise. The economy was under a strict Lockdown for most of the time to contain the pandemic. Nevertheless, a little digging throws up interesting trends. Mint takes a look. * What does the GDP figure highlight? One way to measure the GDP is to add private consumption expenditure, government consumption expenditure, investment and net exports (exports minus...
More »Before we blame forest-dwellers for ‘poaching’ during the pandemic, we must recognise our own hypocrisy -Meera Anna Oommen and Kartik Shanker
-The Hindu Forest communities are being seen as the primary drivers of denudation during Lockdown, while we continue to ignore the impacts of fast-tracked environmental clearances for dams and mines A photograph of a young man, presumably tribal, or a returning migrant, or both, with the carcasses of two hares slung over his shoulder, was recently emblazoned on the cover of a report by a reputed wildlife NGO. The report — based...
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