-The Hindu Pew Research report suggests middle class may have shrunk by 30% and number of poor risen by 7.5 crore India’s middle class may have shrunk by a third due to 2020’s pandemic-driven recession, while the number of poor people — earning less than ₹150 per day — more than doubled, according to an analysis by the Pew Research Center. In a comparison, Chinese incomes remained relatively unshaken, with just a...

-Livemint.com The shrinking of middle class population could have a medium-term impact on India’s growth trajectory The coronavirus pandemic may have shrunk India’s middle-class population by 32 million and driven 75 million below the poverty line in 2020, a Pew Research Centre report said, as a severe recession walloped Asia’s third-largest economy. The report, which is based on an analysis of World Bank data, said that in comparison China fared much better, with...

-The Indian Express The state must prioritise removing malnutrition, give uncompromising priority to improving primary health infrastructure In 1947, post-colonial India set off with the ambition of building a modern state on the principles of equality where citizens, by virtue of their birth in the country, would be entitled to a life of dignity. While the Constitution provided the rights to life, liberty, nutritional standards and maternity care, it did not explicitly...

-The Hindu ‘Not paying minimum wages amounts to forced labour’ VISAKHAPATNAM: The Human Rights Forum (HRF) and Samalochana Association expressed their disappointment over the quantum of increase in the wage rate of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) in Andhra Pradesh and Telangana. “The increase in wages by a meagre ₹8, from the existing ₹237 to ₹245 a day, is measly and amounts to mere eyewash. We are concerned about...

Quite often it is argued by mainstream economists that a sizeable chunk of the Union Budget every year is wasted because the Government spends that on food and fertiliser subsidies. The burgeoning size of these two subsidies relative to the entire budget as well as the gross domestic product (GDP) is often used to build the argument that economic as well as environmental sustainability of the country is at stake...