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Growth matters but income levels matter more -M Suresh Babu

-The Hindu India needs a sharp revival of demand for which higher per capita incomes are necessary The provisional estimates of annual national income (2020-21), released on May 31 by the National Statistical Office, did not have any surprises, but for one, that is, there is nothing encouraging in the numbers. The agriculture sector continued its impressive growth performance, reiterating that it still remains as the vital sector of the economy, especially at...

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Tapping on the potential of the youth -Poonam Muttreja and Dipa Nag Choudhury

-The Hindu It is critical that we safeguard young people’s well-being because India’s welfare hinges on them World Population Day is marked on July 11 every year to focus attention on the importance of population-related issues. It was first observed by the United Nations Development Programme (UNDP) in 1989 and aims to raise the discourse on sustainable ways to safeguard each life that adds up to a population. As flagged by a UNDP...

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The pandemic in data: How Covid-19 has devastated India’s economy -Swati Dhingra & Maitreesh Ghatak

-Scroll.in The sharp drop in GDP is the largest in the country’s history – and even that may well underestimate the economic damage experienced by the poorest households. From April to June 2020, India’s GDP dropped by a massive 24.4%. According to the latest national income estimates, in the second quarter of the 2020-’21 financial year (July-September 2020), the economy contracted by a further 7.4%, with the third and fourth quarters (October...

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Migrant workers bore the brunt of 2020 lockdown due their poor access to social security schemes & legal rights, depicts latest NHRC report

The rise in COVID-19 daily new cases and daily new deaths compelled many state governments to impose local level lockdowns during April-May 2021. As of 20th April, 2021, partial lockdowns were noticed in 10 states across the country and complete lockdown was imposed in Delhi. As of 8th May, 2021, nearly the entire country was under complete lockdown as a result of either partial lockdowns and night curfews or complete...

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The Poverty of Economic Conservatism -Prabhat Patnaik

-NetworkIdeas.org In terms of economic policy, the Modi government must be perhaps the most conservative in the world. During the entire period of the pandemic when millions of people lost their incomes and livelihood support, most governments around the world provided universal cash transfers to the people, but not the Modi government. True, many other third world countries too did not provide such universal cash transfers, but their hands were tied;...

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