-The Hindu The trends in employment have not shown any clear and consistent patterns over the years The two important indicators of structural transformation in any economy are rates of growth and changes in the structural composition of output and the workforce. India has experienced fairly consistent changes in the first indicator, especially after the 1991 reforms, but the trend in employment has not revealed any consistent or clear pattern. The growth rate...
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Number Theory: Protests over railway jobs are a grim reminder of the state of India’s job market -Abhishek Jha and Roshan Kishore
-Hindustan Times The protests over problems with recruitment for railway jobs in the states of Bihar and Uttar Pradesh, may well be India’s first large-scale unemployment riots The protests over problems with recruitment for railway jobs in the states of Bihar and Uttar Pradesh, may well be India’s first large-scale unemployment riots. The protests have taken place across a large number of places in these two states. News reports suggest that at...
More »Why we don’t like data? Psst…it disturbs the narrative -Vivek Kaul
-Deccan Herald Politicians may not agree with any data put out by non-government agencies but.. The word ‘data’ has Latin origins. As Jer Thorp writes in Living in Data: “It first appeared in the English language on loan from Latin, where it meant “a thing given, a gift delivered or sent”. In its early usage, the giver of data was the almighty god and hence, it carried a “particular strength of truth”. Data...
More »US Inflation and India’s Economic Recovery -Prabhat Patnaik
-NetworkIdeas.org The very day, December 11, when the Indian finance ministry spuriously claimed a robust recovery in the post-pandemic Indian economy, newspapers carried news of an acceleration in the US inflation rate. The inflation rate in November 2021 over November of the preceding year had been 6.8 per cent in the US, which was higher than the corresponding rate in any month over the previous 40 years; in particular, petrol prices...
More »Three economic fault lines will determine India’s trajectory over the next decade -Deepanshu Mohan
-Scroll.in It is essential for policy makers to understand the crises created by widening income inequalities and labour market ruptures. In the context of the current global macro-economic situation, there are three deep currents for the Indian government to be aware of. How it understands and responds to these challenges will shape the country’s socio-economic trajectory over the next few years. The first undercurrent: the deepening of income and wealth inequalities. Second: a...
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