-The Business Standard Why Indian unemployment figures puzzle many Census data released on Tuesday contained a shocking piece of information: that 47 million young Indians, under the age of 24, were jobless, and looking for work. That's 20 per cent of the youth population. This is hard data confirming a fact that has long been anecdotal: that India has a jobs crisis. The picture that emerges from the Census data is intriguing:...
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Drought forever -Richard Mahapatra
-Down to Earth As June ends, the monsoon, it turns out, is deficient by 40 per cent. Despite the forecast of its revival in July, it is a concern for India's rainfed areas that account for significant foodgrain production and also host the largest number of farmers in the country. More than 100 districts are officially "chronic drought-affected" areas. Why have we not been able to drought-proof them? On June 28 Prime...
More »Why Delhi needs to step back -Lant Pritchett and Gulzar Natarajan
-The Indian Express Most of the dynamism of the Indian economy comes from its states. They must be given more room to chart their growth trajectories In the euphoria surrounding the election results, it is tempting to avoid facing up to the harsh realities of making development happen. Even for those who characterise the election as "the dawn after the dusk", in the new light of day, India's development challenges remain essentially...
More »India’s Informal Economy: 400 Million Strong, Little Or No Access To Workplace Benefits -Angelo Young
-International Business Times Consider this: There are 400 million Indians with no access to workplace benefits, such as social security, health insurance or unemployment insurance, a number higher than the population of the United States and Canada combined, according to a Delhi-based group of economic researchers. So, as the United States grapples with growing income inequality, it takes a country like India to put some of those economic and working realities into...
More »Domino effect of poor monsoon -Gargi Parsai
-The Hindu A welter of problems may be in store for the country These are testing times for the Narendra Modi government in the farm and food sector: the south-west (June-September) monsoon is delayed, deficient and weak; kharif sowing, much of which is rain-fed, is lagging by over 17 per cent over last year; rising food prices are pushing up inflation and pulling down growth. Right now the prices of only perishable...
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