-Newsclick.in Inequality is not natural but manufactured. It’s time policymakers stopped normalising the wealth and income gap. Else, post-Covid inequality could become a permanent feature. Wealth and income inequality are more than just economic concepts. They also influence education and health outcomes, poverty levels, employment and unemployment rates, opportunities, choices, and, ultimately, happiness. Of late, several reports have investigated the impact of COVID-19 on various segments of society at the regional, national,...
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A reality check -Renu Kohli
-The Telegraph India’s economic recovery is uneven India’s ranking as one of the world’s fastest growing economies — a bright spot in a troubled and slowing world economy — routinely figures in the public discourse. It was upheld even as oil prices zoomed and inflation surged early this year. It did not waver when growth forecasts were lowered some six months ago. It wasn’t rattled when growth underperformed in the April-June quarter....
More »Recovery analysis that points out what India got wrong -Suvojit Chattopadhyay
-The Hindu Being fiscally conservative resulted in a rise in extreme poverty, with there being no signs of any course correction A recent World Bank report, titled “Correcting Course”, captures the impact of the COVID-19 pandemic on global poverty. The number of people living in extreme poverty rose by seven crore million in 2020, as the global poverty rate rose from 8.4% in 2019 to 9.3% in 2020. This is the first...
More »Various estimates point towards one conclusion – the number of poor Indians swelled in 2020
The newly released World Bank report has estimated that the number of extremely poor people globally went up by nearly 71 million in the year 2020 as compared to 2019 — a 11 percent increase. Between 2019 and 2020, the number of poor swelled by around 56 million in India. It means that about 79 percent of the total people globally who slipped into poverty during the first year of...
More »Trends in Economic Inequality in India -Maitreesh Ghatak, Ramya Raghavan and Linchuan Xu
-The India Forum There has been an increase in economic inequality in India over the past few decades, with the rich-poor gaps among the largest of several peer economies. Household surveys show that alongside the slowdown of growth in recent years, there appears to have been some decrease in inequality. 1. Introduction Popular discussions on inequality in India receive periodic attention with the annual publication of reports by the World Inequalities Database (WID),...
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