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Growth, Structural Change and Wage Rates in Rural India -A Amarender Reddy

-Economic and Political Weekly Examining the structural transformation in India and its developed states to know whether they have passed the Lewis turning point, this paper finds that there was slow structural change in labour markets at the national level. But states such as Kerala, Tamil Nadu, Himachal Pradesh, Punjab and Haryana are on the verge of the Lewis turning point with faster non-farm sector growth, high per capita income, urbanisation,...

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India’s two-speed demography -Prachi Priya & Anuj Agarwal

-The Financial Express With 66% of its population under the age of 35, India is home to the largest cohort of young people in the world-825 million. The median age of the country is just 27 years, much below 37 in the US and 46 in Japan. Numbers like these suggest that India has a competitive advantage over China and other Asian countries-a demographic dividend. But favourable demographics do not imply that...

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Into the abyss? -Jitendra

-Down to Earth The situation of India's farmers has only become grimmer in the past decade, according to the latest National Sample Survey Office report The lot of the embattled Indian farmer only keeps on getting worse with the passage of time. In the last 10 years, the voluminous debt of Indian agricultural households has increased almost four-fold whereas their undersized monthly income from cultivation has increased three-fold. Even the number of...

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‘Green Revolution is not a revolution’ -G Venkataramana Rao

-The Hindu Natural farmer Subhash Palekar says it has led to the destruction of environment and fall in productivity Andhra Pradesh: While the world praises Nobel laureate and father of the Green Revolution Norman Borlaug as the saviour of humanity, Subhash Palekar, zero-budget natural farmer, calls him a ‘fraud'. Mr. Palekar says that Green Revolution is not a revolution at all. ‘It has destroyed soil, water, air, environment, vegetation and finally human...

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Revisiting rural indebtedness - CP Chandrasekhar

-Frontline The problem in rural India is not one of too much credit to poor households that leads to debt waivers that damage bank balance sheets, but one of inadequate access to credit from formal sources. IF Reserve Bank of India Governor Raghuram Rajan is to be believed, efforts to help Indian farmers by providing them with cheap(er) credit and relieving them of an unsustainable debt burden only harms them in the...

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