-The Hindu ‘This indicates the extent of reverse migration from lockdown States to native States’ The demand for MGNREGA work so far in the month of April has increased to 2.57 crore households, 92% higher than a year ago, and a record high for April since 2013, as per State Bank of India (SBI) research. “This indicates the extent of reverse migration from the lockdown States to their native States,” SBI group chief...
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ADB sees India grow by 11%, adds caveat
-The Hindu Lender sees ‘considerable downside risk’ from latest COVID wave, says may revise forecast in July The Asian Development Bank has raised its forecast for India’s growth in 2021-22 to 11%, from 8% earlier, even as it warned that failure to control the resurgence of COVID-19 cases including April’s exponential jump poses a “considerable downside risk to the recovery”. ‘Targeted containment’ In its assessment based on end-March data, the ADB cited this year’s...
More »Blunting the Economic Impact of the Second Wave of COVID-19 With a 3, 6, 9-Month Plan -Deepanshu Mohan
-TheWire.in A three to six-month fiscal plan has to be chalked out to make vaccines and drugs available to people of all ages across the states by bringing in the private sector. An income support scheme has to be rolled out for nine months at least. India reported a new high of 2 lakh fresh coronavirus positive cases for the first time last week, and the last few days continue to see...
More »Care economy: Why India must recognise and invest in care work -Mitali Nikore
-The Indian Express Building infrastructure and services, including pre-primary education, maternity, disability and sickness benefits, and long-term care, will help ensure that India’s post-COVID recovery is equitable and gender-inclusive. The Cambridge Dictionary defines “infrastructure” as “the basic systems and services that are needed in order to support an economy.” Traditionally, infrastructure has been understood and interpreted to mean physical, immovable assets, primarily in the energy, transport, telecommunications and water sectors. Over the last...
More »The virus threatens India’s Economic Recovery again. But don’t panic yet -Sonal Varma and Aurodeep Nandi
-The Indian Express The spectre of lockdowns is looming large once more, and while there are bright spots, there are also risks and uncertainties to watch out for. As India’s economy embarks on a new financial year, a dark cloud is on the horizon: The second wave. Every day brings further reconfirmation that the second wave is no longer a Maharashtra-centric phenomenon. With the daily run-rate of cases surpassing the first-wave peak,...
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