The World Economic Outlook – a bi-annual publication of the International Monetary Fund (IMF) -- released in October 2020 has anticipated that the economic progress made by the countries since the 1990s to reduce poverty would be turned upside down by the COVID-19 pandemic. On top of that, economic disparity would rise too in the post-COVID world because the crisis has disproportionately impacted women, informal sector workers and people with...
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A Livelihood Project in Rajasthan's Kushalgarh Helps Women Escape Poverty -Shruti Jain
-TheWire.in The programme has been able to make a positive impact in the lives of around 3,000 tribal women by equipping them with skills in sewing, soft-toy making, clay art, embroidery, among others. Jaipur: When Deepa had to move to Kushalgarh, a small sub-divisional township in the southern part of Rajasthan, with her husband, she had little idea that it would alter her life substantially. Deepa’s husband, Narendra Biswas, who worked as a...
More »Price risks make farmers wary of private markets -Sayantan Bera
-Livemint.com For over 12 days now, farmers have been pressing the Centre to repeal a set of agriculture laws passed in September. Centre argues that the agenda is to offer choice to farmers while growers see unregulated private markets as a threat to minimum support prices. Mint explores. * Why are farmers more wary of pvt markets? Over the last five years, low global and domestic commodity prices have taken a toll on...
More »The Indian economic recovery seems led by profits, not wages -Niranjan Rajadhyaksha
-Livemint.com Such a recovery will be stress-tested in an economy with excess capacity. That is why wages matter The first estimates of economic growth in the September quarter indicate that India’s ongoing recovery has been better than expected. This is a good time to resurrect a question this column had raised in August: Will the economic recovery be led by profits or wages? The answer matters because it has implications for aggregate...
More »Why Recovery at Cost of Worker Immiserisation Won’t Last Long -Prabhat Patnaik
-Newsclick.in GDP recovery from the lockdown-induced abyss is accompanied by significant labour displacement and squeeze on wages, which will impact aggregate demand. Ministers from Narendra Modi to Nirmala Sitharaman are talking about a recovery of the Indian economy from the pandemic-induced crisis. Even the Reserve Bank of India (RBI), which estimated the second quarter GDP growth to have been -8.6%, has seen signs of recovery in October. Of course, there had to be...
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