-Down to Earth Several Saurashtra migrants who had returned to work in Surat in May-end said they have fallen back on land resources for agriculture The Saurashtra region in western Gujarat has been witnessing a second wave of reverse migration amid the novel coronavirus disease (COVID-19) pandemic. Labourers employed in the diamond industry in Surat had first migrated back to their villages in Saurashtra when the Union government had first announced nationwide lockdown...

-The Hindu The longer-term decline in the labour participation rate can be attributed to a host of factors The COVID-19 pandemic has disrupted economies across the world and presented policymakers with the unenviable task of sustaining employment amidst lockdowns. However, the academic and political debates in India on unemployment, which is widely attributed to jobless growth amidst stagnation in the agricultural and manufacturing sectors, predate the pandemic. It will be useful to...

-The Hindu On the contrary, scrapping labour laws will only reduce wages, lower earnings and reduce consumer demand Following the adage, “never waste a crisis”, the government of Uttar Pradesh, last week, introduced an ordinance that has scrapped most labour laws for three years — ostensibly for creating jobs and for attracting factories exiting China following the outbreak of the novel coronavirus. These laws deal with the occupational safety, health and working...

-The Hindu All categories of manufacturing industries showed a contraction in production, with the worst affected being the automobile sector India’s factory output plummeted to record lows in March, with the Index of Industrial Production contracting 16.7%, reflecting the drastic impact of the countrywide lockdown that began on March 25. This comes after a positive growth of 4.5% recorded in February. Manufacturing sector output slumped 20% in March, while electricity generation shrank almost...

-The Hindu India slid into the pandemic crisis in the backdrop of economic downslide; fiscal stimulus has to be structured The impact of COVID-19 will be debilitating for the global as well as the Indian economies. Various institutions have assessed India’s growth prospects for 2020-21 ranging from 0.8% (Fitch) to 4.0% (Asian Development Bank). This wide range indicates the extent of uncertainty and tentative nature of these forecasts. The International Monetary Fund...