-TheWire.in A survey of mazdoor mandis in Surat, Lucknow and Pune shows that even many months after the lockdown ended, workers are struggling to make ends meet. “Since the time of COVID-19 lockdown, there has been a severe crisis of employment opportunities in local labour markets. Getting work for even two days a week is difficult for us. Daily wages too, for any work possible, have dipped by half,” says Rajesh Singh,...
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How PLI scheme is boosting Indian Manufacturing -Jagadish Shettigar and Pooja Misra
-Livemint.com The production-linked incentive (PLI) scheme is a central government scheme that seeks to make India an efficient, equitable and resilient Manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant India. Mint explains: The production-linked incentive (PLI) scheme is a central government scheme that seeks to make India an efficient, equitable and resilient Manufacturing hub, on the lines of Prime Minister Narendra Modi’s call for a self-reliant...
More »China tops emerging markets league table, India at third position -Tauseef Shahidi
-Livemint.com Growth in exports, easing inflation, and higher Manufacturing activity have lifted India to the top half of Mint’s Emerging Markets Tracker for the first time in four months India climbed five spots to attain the third position among key emerging markets in January, the latest update to Mint’s emerging markets tracker shows. Rising exports, falling inflation, and greater Manufacturing activity boosted India’s rank in January although it still remains a few...
More »Fix inverted tariff structures to boost industrial growth in India -C Veeramani and Anwesha Basu
-Livemint.com Correcting import-duty anomalies will attract foreign firms to set up assembly bases here and lift our global competitiveness A steady decline in import tariff rates in Manufacturing industries had been an important feature of India’s economic reforms during the 1990s and 2000s. The average import tariff rate was reduced from about 84% in 1990 to the lowest-ever level of 8.6% in 2010. Consequently, imports of goods plus services as a percentage...
More »The fiscal situation will not stabilise in 2020-21 unless consumption improves -Soumya Kanti Ghosh and Tapas Parida
-The Indian Express The Union budget should focus on enhancing credit flows to the small and marginal farmers, increase investment in health and education. The first advance estimates of GDP for 2020-21 are much better than the earlier market consensus and shows the inherent strengths of the Indian economy. The economy is expected to contract by 7.7 per cent implying a COVID-19 induced loss of Rs 9.61 lakh crore in real terms...
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