-Newsclick.in No scheme touches them, no law reaches them – but they hope that a better deal for farmers will benefit them. At the Ghazipur border between Delhi and Uttar Pradesh, Manish and a few of his friends have joined the farmers’ dharna only a few days back. They live in Baghpat district, barely a few dozen kilometres from the protest site but it could be another continent, or another age. “In the...
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2020 – How the Modi Govt Led India into Record Joblessness -Subodh Varma
-Newsclick.in Unemployment has inched up to over 9% as the year ends and the so-called economic recovery is a mirage. For Indians, 2020 will go down in history as the worst year for livelihoods and incomes. Unemployment levels rose to record highs, incomes plummeted to record lows and such was the scale of deprivation that thousands of families teetered on the brink of starvation. Tragically, this was not just the pandemic. It...
More »The anatomy of a stock market bubble staring India in the face -Vivek Kaul
-Livemint.com Easily buyable shares, a gush of cheap money and a burst of speculation have over-inflated prices On 18 December, the price to earnings (PE) RATio of the Nifty 50 stock market index reached an all-time high of 37.84. This was around 87% higher than the average PE RATio of 20.26 since 1 January 1999. The PE RATios of the Nifty 50 and other broader indices continue to remain at extremely high levels....
More »A brief history of the Indian economy in 2020 -Udit Misra
-The Indian Express India started the calendar year by recording the slowest GDP growth RATe in six years and ended it by entering a technical recession. Here's how it all unfolded. Dear Readers, Right through the year, at ExplainSpeaking, we have strived to make sense of the most important developments in the Indian economy. As the year ends, here are the highlights from 2020 and five things to watch out for in 2021. The...
More »Economic revival beating predictions: RBI bulletin
-The Hindu “Economic conditions continued to improve through November on the back of the uptick in agriculture and manufacturing,” RBI officials say in an article in the central bank’s monthly bulletin. There is now more evidence to show that the Indian economy “is pulling out of COVID-19’s deep abyss and is reflating” at a pace that beats most predictions, RBI officials, including Deputy Governor Michael Patra, said in an article in the...
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