-The Times of India CHENNAI: Unemployment rate in the country rose to 6.9% in October, the highest in two years, according to the Centre for Monitoring Indian Economy. Worse still, the labour participation rate – a measure of the proportion of adults willing to work – fell to 42.4%, the lowest since January 2016, CMIE said. “Labour participation rate fell sharply after demonetization”, from around 47-48%, “and it has still not recovered,”...
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Jean Dreze -- development economist -- interviewed by Jipson John and Jitheesh PM (Frontline.in)
-Frontline.inJean Dreze is a well-known Indian economist working in the field of "development economics". Born in Belgium, he studied mathematical economics at the University of Essex and completed his PhD from the Indian Statistical Institute (New Delhi) in 1982.He has taught at the London School of Economics and the Delhi School of Economics and is currently visiting professor at Ranchi University as well as honorary professor at the Delhi School...
More »Is "Formalisation" possible? -CP Chandrasekhar and Jayati Ghosh
-Networkideas.org In recent times, the clamour for formalising economic activity, or shrinking its unorganised component and expanding the organised, has been heard from diverse sources. There are those who want formalisation to occur because the unorganised sector is seen as being largely outside the direct and indirect tax net, depriving the government of much needed resources. Hence, for example, one feature seen as favouring the Goods and Services Tax regime is...
More »These superwomen from Himachal Pradesh show why empowered women make for an empowered country -Raksha Kumar
-The Hindu Bhuira's women are coping with the higher workload by creating vastly more flexible family and community structures. And they are simultaneously pushing towards modernity much faster than their neighbours. Everyone in the village sneaks a glance when Upasana Kumari drives her White Maruti 800 to work. “Driving a car is intoxicating,” says Kumari. A winding, muddy, single lane road that starts from the edge of the hillock where Kumari’s house...
More »Did the Indian economy create nearly 13 million jobs in 2017? -Amit Basole and Anand Shrivastava
-Hindustan Times While a final conclusion on employment growth should wait for 2017-18 NSSO data, rosy estimates based on selective assumptions do not inspire much confidence . New Delhi: In a study prepared as a background report for the Prime Minister’s Economic Advisory Council, economists Surjit Bhalla and Tirthatanmoy Das have claimed that the Indian economy created around 12.8 million jobs (by principal status) in 2017. The authors also claim that net...
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