-Economic and Political Weekly A comparison of the consumption expenditure and associated nutritional intake data for 2009-10 with that of 2004-05 shows worsening poverty in terms of the percentage of people unable to reach the minimum required calories energy intake through their monthly spending on all goods and services. This result must be seen in the context of neo-liberal policy, the financial crisis and consequent Global Recession affecting export production, the...
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Indian economy destroyed by mindless consumption -Bharat Jhunjhunwala
-The Hindustan Times In his Independence Day address, Prime Minister Manmohan Singh said the rupee is down because of the global economic crisis. A look at the events of the last decade reveals otherwise. When the global economy was doing well between 2002 and 2008, the rupee was stable at about Rs. 45 to a dollar. When the global crisis erupted in 2008 and continued until 2012, the rupee held stable...
More »Sen vs Bhagwati: Parallels from an earlier titanic clash-Rupa Subramanya
-The Business Standard Can Bhagwati-Sen debate bring the same change as Hayek-Keynes duel in the US in 1932 At a time of economic crisis, a distinguished group of economists wrote a letter to a major newspaper, making a case for increased government involvement in the economy. A few days later, an equally distinguished group of economists wrote a letter to the same newspaper, arguing against the first lot. No, this...
More »What the poverty numbers don’t say -Bhaskar Dutta
-The Indian Express What caused the steep fall in poverty reported by the Planning Commission? The evidence is mixed Earlier this week, the Planning Commission released estimates of the incidence of poverty in 2011-12. As in virtually the entire literature on the measurement of poverty in India, these estimates are based on data on per capita consumption expenditure collected by the National Sample Survey Organisation. The estimates show that there has been...
More »Grim news on jobs front for women -Latha Jishnu
-Down to Earth About nine million women went out of the job market in the rural areas between 2009-10 and 2011-12, a grim facet of the employment crisis in the countryside The dismal trend in India's jobless growth story was reinforced when the National Sample Survey Office (NSSO) of the ministry of statistics and programme implementation released the highlights of its 68th round of its surveys, conducted from July 2011 to June...
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