-Press Note by People's Action for Employment Guarantee dated September 10th, 2020 MGNREGA during the pandemic and beyond: Implementation highlights, concerns and questions and demands for parliamentarians We are confronting an unprecedented crisis in the history of modern India. On the one hand, the increasing number of COVID cases point to a dubious distinction for India on the world stage. On the other hand, the unplanned lockdown has resulted in a massive...
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An Expert Explains: Decoding GDP contraction --Neelkanth Mishra
-The Indian Express The contraction seen in first-quarter GDP data is severe, but not unexpected. What should be done — or not done – at the level of govt policy so that the economy gets a chance to rebound as quickly as possible? * How should one read the first-quarter GDP data and the contraction by 23.9%? What signal does it offer for the future? And does it give any idea of...
More »Role of collective organisations during economic crises -Indranil De, Mubashshir Iqbal and Rooba Hasan
-The Hindu Business Line The government, market and collectives should have worked in tandem to develop resilience of economic institutions during the slowdown in India The sharp downfall in the economic growth rate could be attributable to a lack of resilience of Indian economy. Only fiscal and monetary policies may not halt the downfall of the economy. Collective organisations, including NGOs, have played an important role in consumption and income-smoothing. The downfall...
More »What GDP numbers didn’t tell -Surajit Das
-TelanganaToday.in Pvt consumption and investment (90% of GDP) have shrunk 35% and revised numbers could present a scarier picture On 31st August, the National Statistical Office (NSO) came out with the provisional estimate of the GDP. According to this, the GDP shrunk by 23.9% during April, May and June as compared with the first quarter of the last financial year (2019-20). Aggregate private final Consumption Expenditure contracted 26.7% and investment (including gross...
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...
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