Often exports made by a country to the rest of the world are seen in a positive light by us. It is because exports not only earn precious foreign currencies (that can be used for importing goods and services or simply be used for building forex reserves), it also helps in generating effective demand for goods and services produced in that country and hence, contributes to economic or GDP growth....
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Over three-fourth of workers lost their livelihoods since lockdown, finds ActionAid India's national survey of informal labourers
ActionAid Association's (AAA) national level survey among people dependent on the informal economy during the third phase of the national lockdown towards the end of May 2020 (i.e. between May 14th and May 22nd, 2020) has documented the "nature and extent of the transitions in the lives and livelihoods of informal workers, including migrant workers, during the pandemic and provide[s] an insight into the precarity they experience and the coping...
More »The tale of two economies: What changed in 30 years -Vivek Kaul
-Livemint.com World Bank data shows that India’s per capita income, as of 2019, is about a fifth of China’s. What changed in the last three decades? Mint explores Until 1990, India’s per capita income was higher than that of China. However, data from the World Bank shows that India’s per capita income, as of 2019, is about a fifth of China’s. What changed in the last three decades? Mint explores. What was China’s...
More »Ordinances on agriculture show unwise haste, may do harm along with good -Ajay Vir Jakhar
-The Indian Express Rather than coax the states financially to correct the markets, an unregulated marketplace has been created where 15 crore farmers will be exposed to the skulduggery of traders. Imagine the mayhem in stock markets if ROC and SEBI were similarly made redundant. Just as all ordinances aren’t reforms, all reforms aren’t the “1991 moment” for agriculture. The ordinances announced recently to facilitate trade in agricultural produce were historically resisted...
More »'There Has Been No Business This Year': Demand Plummets For Bengal's Weavers -Gurvinder Singh
-TheWire.in “The opening of the markets would bring no respite to us. There would be hardly any sales during the festive months due to financial doom," said a weaver in Dhaniekhali. Kolkata: Raju Singha Rao, a handloom sari weaver at Phulia in West Bengal’s Nadia district, has been having sleepless nights since the nationwide lockdown was announced on March 24. The financial crisis coupled with thoughts of starvation and hunger has been keeping...
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