-TheWire.in A recent study has found that higher caste groups have experienced constant and high upward mobility over time, a result that contradicts a popular notion that it is increasingly difficult for upper-caste Hindus to get ahead. New Delhi: A new study focusing on intergenerational mobility – changes in social status between different generations within the same family – claims India’s Muslims to be the least upwardly mobile group, Indian Express reported....
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For The Farmer's Future -Ajay Vir Jakhar
-The Indian Express It is important to evaluate the consequences of the Centre’s agriculture policy. With elections around the corner, it’s too late for a course correction of the farm sector, but it’s an opportune time to document the unintended consequences of half-baked policies for the next five years. Otherwise, the momentum of existing policies will continue to feed rural economic misery. Agriculture GDP growth plummeted just as India’s agricultural trade surplus,...
More »Maitreesh Ghatak, Professor of Economics at London School of Economics, interviewed by Tathagata Bhattacharya (National Herald)
-National Herald Maitreesh Ghatak, Professor of Economics at London School of Economics, in an interview to Tathagata Bhattacharya says the government has failed on many counts At the end of the day, it is growth and employment generation via new investment that is key to long-term economic progress. Various welfare schemes are a way of providing a social safety net to the poor in the short-run. It is performance along these two...
More »2008 global financial crisis: What government overdid, or didn't do -P Vaidyanathan Iyer
-The Indian Express India bounced back from 2008 crisis thanks to stimulus packages, but faltered by letting these continue. And it still has a long way to go in ensuring greater coordination between govt and financial regulators. India did not have a rulebook to refer to a decade ago when it was hit by a seismic shock with its epicentre some 12,500 km away. In the initial days post the Lehman collapse...
More »CMIE's Mahesh Vyas says 3.5 million jobs lost due to demonetisation
-The Indian Express The impact on the labour force was even much more significant. While the job losses could have been at least 3.5 million, the reduction in the labour force was to the tune of 15 million. New Delhi: Demonetisation may have caused job losses of at least 3.5 million and the damaging impact on labour force was even starker, Centre for Monitoring Indian economy (CMIE) chief executive Mahesh Vyas said...
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