-TheWire.in How did the onset of the pandemic affect already-struggling budget management, how did the second wave affect the measures taken in Budget 2021-22 and what should we look for in the upcoming Budget? The latest estimates suggest that India’s economic output in 2021-22 is likely to, once again, reach the level it was at in 2019-20. If this happens, the pandemic would have delayed India’s journey to prosperity by two years....
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Global unemployment projected to stand at 207 million in 2022: ILO -Susan Chacko
-Down to Earth The COVID-19 pandemic prevented a full and balanced recovery of labour markets in 2021 Global unemployment is projected to stand at 207 million in 2022. This is 21 million more than in 2019 before the novel coronavirus disease (COVID-19) pandemic began, according to the ILO World Employment and Social Outlook – Trends 2022. Global working hours in 2022 will be almost two per cent below their pre-pandemic level — that...
More »India reaps high growth from agriculture, allied products in FY22 -Subhayan Chakraborty
-Moneycontrol.com An intense focus on securing market access abroad and promoting Indian goods saw dozens of new products including Himachali millets and Chandauli’s black rice being shipped from India to several new destinations such as the UAE, and Denmark India’s agriculture and allied exports grew at a brisk 21 percent in the first eight months of the current financial year despite broken supply chains and various challenges brought about by the COVID-19...
More »Three economic fault lines will determine India’s trajectory over the next decade -Deepanshu Mohan
-Scroll.in It is essential for policy makers to understand the crises created by widening income inequalities and labour market ruptures. In the context of the current global macro-economic situation, there are three deep currents for the Indian government to be aware of. How it understands and responds to these challenges will shape the country’s socio-economic trajectory over the next few years. The first undercurrent: the deepening of income and wealth inequalities. Second: a...
More »India’s fertiliser subsidy set to rise by 62% in current financial year: Crisil
-The Hindu Business Line This is on the back of swift rise in prices of raw materials and global natural gas India is likely to witness an unprecedented jump in the Central government’s fertiliser subsidy on the back of swift rise in prices of raw materials and global natural gas. According to ratings agency Crisil, the government’s fertiliser subsidy bill is likely to be higher by ₹50,000 crore to touch the total...
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