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Youth employment deteriorated in India: ILO report -AM Jigeesh

-The Hindu ‘COVID-19 has hurt young people more than any other age group’ India experienced severe working-hour and employment losses in 2020 and 2021, and Indian youth employment deteriorated in 2021 compared to 2020, according to the Global Employment Trends for Youth 2022 report released by the International Labour Organisation on Thursday. The recovery in youth employment is still lagging globally, the report says confirming that COVID-19 has hurt young people more...

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Macrovariable projections in uncertain times -Arun Kumar

-The Hindu International factors and faulty data will impact India’s projections of GDP, inflation and balance of payments The Fed has raised its benchmark interest rate again by a whopping 0.75%. The Reserve Bank of India has also been forced to raise interest rates further but also take other steps. These decisions in the Monetary Policy Committee (MPC) meeting are based on what the members of the MPC see as the likely...

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Rebuild agriculture to make it future-ready -Devinder Sharma

-The Tribune Rebuild agriculture to make it future-ready With Green Revolution having outlived its utility, it’s time to move to the next stage. The 75th anniversary of Independence provides an excellent opportunity to rethink and redesign the road map. This will call for moving away from the economic thought that has always relied on sacrificing agriculture for the sake of industry. The focus has to be on making the village the hub...

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Whose GDP is it anyway? -Praveen Chakravarty

-The Hindu It is time for political leaders to clamour for an overhaul of India’s economic performance measurement framework In a few weeks, a quarterly ritual will play out in India. The Government will release the first quarter’s Gross Domestic Product (GDP) growth numbers with some chest-thumping about how India is among the fastest-growing economies in the world. Opposition parties will hold press conferences on the same day to counter such bombast...

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PM Modi May Decry 'Revdi Culture' – But it Still Runs Our Political Economy -Arun Kumar

-TheWire.in There is little doubt that the practice of handing out freebies undermines both democracy and development. But the problem doesn't lie just with the opposition. Constitutional authorities in India have recently spoken about key challenges the country is facing. The Chief Justice of India (CJI) has said that there is “diminishing” space for the opposition, that there was no longer any mutual respect between the Union government and the opposition, and that...

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