-National Herald The media and publishing industry employed over 10.3 lakh people across India in September 2016 and now in August 2021, it employs 2.3 lakh only, according to a survey by the CMIE At least 78% of those working in the media and publishing industry have lost their jobs, according to a survey by the Centre for Monitoring Indian Economy (CMIE). The media and publishing industry employed over 10.3 lakh people...
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Brace up for recession -Aunindyo Chakravarty
-The Tribune Govt must prepare for worst-case scenario as things won’t be resolved on their own In February this year, a restaurateur friend turned optimistic. Business was back to 70 per cent of pre-Covid days and things could only get better. There could be no stronger signal that India’s economy had turned the corner. Experts had predicted that restaurants would be the last places to see a full recovery. They are closed...
More »Signs of a plutocracy -Aunindyo Chakravarty
-The Tribune The bulk of assets with the ultra-rich who make up top 0.3% of our population RUPERT HOOGEWERF, better known by his Chinese name Hu Run, went to Eton College, a school for the rich and the well-heeled. It is fitting therefore that he should track the rich in China and India. His latest Hurun Wealth Report for India paints an interesting picture of the direction India’s economy has taken. We learn...
More »Why Sensex Is On Fire -Aunindyo Chakravarty
-NDTV blog If you had invested all your savings in the stock market at the end of March last year, by now, you would have almost doubled your money. But in the same period, India's GDP in today's prices would have slid by at least 9-10 percent. Anyone who looks at this divergence will say that the markets have completely 'decoupled' from the economy. Conventional wisdom tells us that this is a...
More »The Enormous Extra Spend In Budget Is An Illusion -Aunindyo Chakravarty
-NDTV blog Nirmala Sitharaman said: "We have spent, we have spent and we have spent." She had every reason to claim that, since the budget numbers show that the centre spent ₹ 4.1 lakh crore, or 13 percent above what it had planned for last year. Additional spending will continue this year: expenditure is estimated to go up by 14.5 percent in 2021-2022 compared to last year, even though the government's...
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