-The Indian Express If India’s overwhelming goal is to become a $5 trillion economy within a few years, there is no reason to pay attention to children. But if it is development in the full sense of the term, then child development is paramount. Leaving aside two or three countries like Niger and Yemen, India has the highest proportion of underweight children in the world: a full 36 per cent according to...
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Study points towards hunger and destitution amidst hope for a V-shaped economic recovery
Preliminary findings of a survey among 3,994 respondents from 11 states reveal that most vulnerable households and communities, such as SCs, STs, OBCs, PVTGs, slum dwellers, daily wage labourers, farmers, single women headed households, etc. continue to witness depressed incomes during September-October in comparison to their income levels prior to the lockdown. The face-to-face survey conducted by the Right to Food Campaign and Center for Equity Studies (instead of telephonic...
More »Has personal loans seen a rebound ahead of the festive season? The answer is in the negative
Just before Dhanteras and Diwali this year, the Reserve Bank of India (RBI) released the November edition of its monthly bulletin. The latest RBI Monthly Bulletin says that the GDP has contracted by -8.6 percent in the second quarter of fiscal year 2020-21 (i.e. July-September, 2020) as compared to the gross domestic product (GDP) during the corresponding period last year. It may be noted that India’s GDP shrunk by -23.9...
More »Festive season opens up gig economy jobs, brings respite to the jobless -Arnab Mitra
-The Indian Express As per a report by Betterplace, around 14 lakh jobs will be created in 2020 for blue-collar workers, adding that 80 per cent of the overall demand comes from the gig economy New Delhi: After facing a lay-off in May, Bengaluru-based software engineer Ridhhi Sharma was unemployed for six months. He tried searching for a new position but could not find a suitable one. However, the festive season turned...
More »The Indian Economy on The Verge Of Collapse -Prabhat Patnaik
-Networkideas.org The GDP growth in the first quarter (April-June) of 2020 over the first quarter of the previous year has been minus 24 per cent according to preliminary official estimates. But most knowledgeable people believe that even this is an underestimate of the actual contraction brought about by the lockdown. In fact, a former chief statistician of India, Pronab Sen, believes that the actual contraction would have been about 32 per...
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