-The Indian Express The country’s GDP registered an annual decline, at minus 5.2%, last in 1979-80. But that year also recorded negative growth for agricultural GDP, at minus 12.8%. April-June may be the first time that India’s economy would contract year-on-year since the government started coming out with quarterly estimates of GDP from 1996-97. But the data for the quarter, to be released by the National Statistical Office on August 31, could...
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Post-Lockdown, Workers Demand More Work, Better Wages Under Rural Jobs Scheme -Rajat Kumar
-Hindustan Times Dungarpur: India’s rural employment guarantee scheme is falling short in helping residents tide over the economic distress caused by the COVID-19 outbreak and the subsequent lockdown restrictions, data from Rajasthan suggest. Nearly 43% households who took up work under the scheme in Dungarpur, a largely tribal district in southern Rajasthan, had completed more than 50 of their 100 days of work in the first four months of the current financial...
More »6.1 million youth may lose jobs in India due to Covid-19: ADB-ILO report -Indivjal Dhasmana
-Business Standard Unemployment rate in the country will rise to a staggering 32.5 per cent, but will be higher in Sri Lanka at 37.8 per cent As many as 6.1 million young people (15-24 years) may lose jobs in India in 2020 if the containment of the virus takes six months (roughly till September), says a report by Asian Development Bank (ADB) and International Labour Organisation (ILO). India will be followed by Pakisan,...
More »Why farmers are not cheering their exceptional feat this kharif season -Richard Mahapatra
-Down to Earth Highest rice acreage in six years, more farmers in farms, a bounty monsoon and an expected bumper harvest don't enthuse farmers as their earning dips It is a piece of news that everybody would love to cheer about, except those who made this possible. The current kharif season is exceptional. In comparison to last year, over eight million more hectares of farms are under cultivation this season. There are more...
More »‘Lockdown takes toll on 18.9 mn salaried jobs, informal sector shows silver lining’
-The Indian Express The plight of salaried employees has worsened since the lockdown, with a loss of 17.7 million salaried jobs in April, additional 0.1 million jobs in May, followed by gain of 3.9 million jobs in June and then again loss of 5 million jobs in July, it said. New Delhi: Salaried jobs suffered the biggest hit during the lockdown, with total loss estimated to be at 18.9 million during April-July,...
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