-The Hindu/ PTI The COVID-19 outbreak came at a time when India’s economy was already slowing due to persistent financial sector weaknesses, says World Bank report. Washington: India is likely to record its worst Growth performance since the 1991 liberalisation this fiscal year as the coronavirus outbreak severely disrupts the economy, the World Bank said on Sunday. India’s economy is expected to grow 1.5% to 2.8% in the 2020-21 fiscal which started on...
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India was Never Close to a 7-Day Doubling Growth Rate of COVID-19 Cases -Aravindhan Nagarajan
-Newsclick.in “If we compare Tablighi Jamaat congregation and if that had not taken place, our doubling rate is 4.1 days and had those cases not happened the doubling rate would be 7.4 days right now,” the MoHFW had claimed. On April 5, officials of the Ministry of Health and Family Welfare (MoHFW) of the Government of India made a claim: “If we compare Tablighi Jamaat (TBJ) congregation and if that had not...
More »The Coronavirus Pandemic Has Strengthened Class Segregation in India -Harish S. Wankhede
-TheWire.in Both the government and middle-class society have left the country's migrant workers to their own devices. As citizens bearing equal rights, migrant workers, Dalits, tribals, Muslims and sexual minorities are a substantial part of the modern nation-state. However, the actual story of India’s economic Growth has showcased their persistent marginalisation and exclusion. These groups survive in isolation and have often been treated with disdain, mistrust or even as a threat to...
More »Coronavirus Will Upend the 'Profits Over People' Mantra of Globalisation -Maitreesh Ghatak
-TheWire.in Our relentless pursuit of economic Growth poses serious risks not just to the environment but also to public health. The COVID-19 pandemic is first and foremost a public health crisis, but it brings along with it an economic crisis that is no less devastating. The public health crisis and the economic crisis are closely interrelated, especially in a country like India. India’s healthcare system lacks the resources to withstand the potential...
More »The Covid-19 Pandemic and Indian Agriculture: A Note -R Ramakumar
-Foundation for Agrarian Studies blog The world is sliding rapidly towards a recession. The Covid-19 pandemic will shut down large parts of the world economy for at least a few months more. IMF managing director Kristalina Georgieva stated on March 23, 2020 that the outlook for global Growth in 2020 was “negative.” Recovery, if any, is expected only in 2021. According to the International Labour Organisation (ILO), the rise in unemployment...
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