-Newsclick.in A World Bank study ignores slumping economy and raging Joblessness to praise ‘reforms’. A charming little bromance seems to be brewing between the World Bank and India’s Modi-led government. A series of reports by the World Bank has praised Modi for various kinds of “reforms”. The latest is the so called “Doing Business” report of the World Bank which lavishes praise on the Modi govt. for making it easier to do...
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From 'Job-less' to 'Job-loss' Economy: What is PM Modi Doing -Savera
-Newsclick.in The falling work participation rate shows that the economy is in deep crisis. Various other economic indicators show this as well. In a stark and chilling confirmation of what the whole country has known for some time, a govt. report shows that Indian workforce (those actually working) declined from about 54% of the working age population in 2011-12 to 51% in 2015-16. While the working age population increased by 2.9% per...
More »The case for a rural stimulus -Himanshu
-Livemint.com It is clear that not only has the govt failed to do anything to revive the sagging rural demand, it has also refused to acknowledge the demand problem The fact that the economy is on a downward slide is no longer a matter of debate. It is neither a technical issue nor is it a transient blip which will go away on its own. However, matters are complicated as far as...
More »Public anger over unemployment a big challenge for Modi govt -Sanjay Kumar and Pranav Gupta
-Livemint.com A CSDS survey shows that the public perception about job growth is worse than what it was during the second term of the UPA government Negative perception about jobs could become the Achilles heel of the Narendra Modi-led Union government, a recent survey conducted by research group Lokniti at the New Delhi-based Centre for Developing Societies (CSDS) seems to suggest. The “Mood of the Nation” survey of more than 11,000 respondents across...
More »Economy growing at 7%, jobs at 1% -Subodh Varma
-The Times of India While the economy is growing at just over 7% per year, jobs increased by just 1.1% last year, according to a recently-released report covering eight key sectors of the non-farm economy. An earlier report had pegged Joblessness at a fiveyear high of 5% in 2015, and under-employment at a staggering 35% of the over-15 years labour force. Seen in this context, the government is facing a growing employment...
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