-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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Arvind Panagariya’s plan for NITI Aayog: Focus on labour reforms, SMEs -P Vaidyanathan Iyer
-The Indian Express For Arvind Panagariya, the first Vice-Chairman of NITI Aayog, policy-making, rather than planning, will be his top priority. In his first interaction with officers of the erstwhile Planning Commission, he spoke at length on the need to push through labour reforms and strengthen the SME (small and medium enterprise) segment - the backbone of manufacturing - to take India up several notches in the competition ladder. On Tuesday, his...
More »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...
More »Rural Wage Growth Plunges To 10-year Low
-IndiaSpend.com The wages of people living in rural India are no longer rising at the same rate as they were under the United Progressive Alliance government. Last week, The Indian Express reported that the average daily wage rate for rural India grew by 3.8% in November 2014 as compared to the same month the previous year. This is the lowest since 2005, said the paper. As recently as June, growth figures were...
More »Decoding the oil price fall -Raghuvir Srinivasan
-The Hindu Year 2015 will be crucial as shale oil firms begin to feel the pinch of low prices Are falling oil prices good or bad for the global economy? And how do they work for India? Till recently these questions were no-brainers. Cheaper oil is obviously good for the global economy; for an energy-intensive economy such as India's, which also depends on imported oil for meeting four-fifths of its needs, a...
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