KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
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India's Sustainability Goals at Risk Because of Extreme Heatwaves - Carbon Copy
A new study suggests that climate change-induced heatwaves in India can hinder or reverse the country’s progress in fulfilling the sustainable development goals (SDGs) Recurrent heatwaves have greater socio-economic impact in India than previously known. A study published in PLOS Climate suggested that heatwaves made more likely by climate change may impede India’s progress toward its sustainable development goals. India has committed to achieve 17 United Nations Sustainable Development Goals (SDG), including...
More »34 Million or 373 Million: Do We Know How Many In India Are Poor? - Nushaiba Iqbal
IndiaSpend There are at least five estimates of the number of poor people in India, which put the number of poor in India between 34 million--equivalent to the population of Kerala--to 373 million--more than four times the population of West Bengal. This puts the number of the poor between 2.5% of the population to 29.5%, based on different estimates between 2014 and 2022. Economists have arrived at these estimates through various means, including projections...
More »India posts GDP growth of 6.1 % in fourth quarter, 7.2 % in FY23 - The Tribune
India continues to maintain its streak of world-beating economic growth after GDP for the March quarter beat all expectations with a 6.1 per cent expansion that helped push the annual growth rate to 7.2 per cent. After this, the Indian economy is now USD 3.3 trillion in size. Asia’s third-largest economy beat all estimates to grow at 6.1 per cent in January-March, the last quarter of the 2022-23 fiscal, up from...
More »Rains hit Punjab’s wheat crop but grain piling up at mandis, govt procurement shooting up - Sonal Matharu
The Print In compounds outside wheat mandis across Punjab, gunny bags full of golden grain are piled up in huge quantities. Less than a month into the procurement season, the state has already contributed more than 100 lakh metric tonnes (LMT) of wheat in 2023-24 to the central government’s reserves. Haryana and Madhya Pradesh are the next big contributors with around 55 LMT and 50 LMT, respectively. Earlier this year, unseasonal rains...
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