-TheWire.in Faced with a Union government that puts its own image-building ahead of the good of the people, let us imagine a scenario where Budget 2022-23 is, instead, drafted by a government which is willing to cooperate with the states and respond to the needs of the people. No matter where we look, bad news on the economy just keeps pouring in. Despite all the official and unofficial media attempts to talk up...
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Misleading Picture of Household Wealth -CP Chandrasekhar and Jayati Ghosh
-The Hindu Business Line/ NetworkIdeas.org In recent years, when the economy as a whole performed poorly, reports on how old and new businesspersons accumulated huge volumes of wealth in short timespans have been commonplace. There is also evidence that conspicuous consumption is on the rise. This has led observers to conclude that income and wealth inequality in India has increased. Hard evidence on the extent of that increase is difficult to...
More »India's income divide narrows, wealth divide persists: Survey data -Ishaan Gera
-Business Standard The top 10 per cent among the country's households own more than 50 per cent of the assets. India’s top 10 per cent households three years ago held 55.67 per cent of the wealth in urban areas and 50.84 per cent of it in rural, shows data released by a state survey last week. Results from the National Sample Survey Organisation’s All India Debt and Investment Survey (AIDIS) for 2018-19 are...
More »Here's What We Know About COVID's Impact on India's Workers – and What We Can Do About it -Rosa Abraham and Amit Basole
-TheWire.in The pandemic disproportionately impacted women and young workers. A school bus driver is struggling to make ends meet driving a tempo for hire, purchased with an informal loan; a five-star chef is volunteering for an NGO preparing cooked meals for distribution in the slums of Bangalore; and an MCA degree-holder is working as a door-to-door water purifier technician. These and many more such anecdotes give us a glimpse into the disruption...
More »Average monthly income for workers fell by 17%
-The Hindu Households coped with the loss of income by reducing food intake, selling assets, and borrowing from friends, relatives and money-lenders The COVID-19 pandemic has substantially increased informality in employment, leading to a decline in earnings for the majority of workers, and consequent increase in poverty in the country, according to ‘State of Working India 2021: One Year of Covid-19’, a report brought out annually by Azim Premji University’s Centre for...
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