-Newsclick.in The poorest, whose annual income surged by 183% between 2005 and 2016, have been most impacted by COVID-19, shows survey In a K-shaped economic recovery since COVID-19 hit India, there was a massive plunge of 53% in the annual income of the poorest 20% of Indian households from 2015-16 to 2020-21. Besides the drastic fall in their annual income, which was rising since 1995, the share of the poorest 20% in...
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Dropping the ball on growth and jobs -Santosh Mehrotra
-Financial Express The state desperately needs a strategy for labour-intensive manufacturing; the attacks on cattle-trade have knocked down its once-thriving leather industry In 1955, the share of population below the poverty line (NSS 1955) in Uttar Pradesh was 64%, not too different from that in the Madras State (present-day Tamil Nadu), at 73.6%, or in West Bengal, at 53.6%. Four decades later, in 1993-94, while India’s poverty rate was 45.3%, UP’s was...
More »NFHS data reveals that children in the Bundelkhand region suffer from double burden of malnutrition
In the previous news alert, we looked at the under-nutrition problem in the Bundelkhand region in terms of 3 indicators -- proportion of children under 5 years who are stunted (height-for-age); proportion of children under 5 years who are wasted (weight-for-height); and proportion of children under 5 years who are underweight (weight-for-age). However, the National Family Health Survey (NFHS) data also indicates that severe under-nutrition like severe wasting and anaemia among...
More »India’s Economic System Rigged in Favour of the Super-Rich, Says Oxfam Report -Ditsa Bhattacharya
-Newsclick.in The report points out that in India, during the pandemic the wealth of billionaires increased from Rs 23.14 lakh crore to Rs 53.16 lakh crore. At the same time, more than 4.6 crore Indians are estimated to have fallen into extreme poverty in 2020. While 84% of households in India suffered a decline in their income in a year marked by the tremendous loss of life and livelihoods, the number of...
More »Income of 84% Indian households fell in 2021 while 40 new billionaires emerged: Oxfam report
-Scroll.in The non-profit group said that while the wealth of Indian billionaires rose by Rs 30 lakh crore during pandemic, over 4.6 crore people fell to extreme poverty. The income of 84% Indian households declined in 2021 while the number of billionaires in the country grew from 102 to 142 during the last year, non-profit group Oxfam said in a report released on Sunday. In its report titled “Inequality Kills”, Oxfam said that...
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