-Newsclick.in It is bizarre that the recent GDP numbers are being celebrated even as there are no jobs, workers wages are frozen and farmers are demanding better prices. There is much celebration in government circles and, of course, in the mainstream media, that in the first quarter of 2018-19 (April to June 2018), the GDP growth rate picked up to touch 8.2% compared with the same quarter last year (April to June...
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Factory workers in India -CP Chandrasekhar and Jayati Ghosh
-NetworkIdeas.org Recent data from the Annual Survey of Industries, covering up to 2015-16, provide some interesting insights into the changing nature of industrial employment in India. In the decade up to 2015-16, there was a significant increase in the number of factory workers, by around 40 per cent. This expansion can be dated from around 2005-06 onwards and especially up to 2011-12. This is to be expected, given that that was...
More »Monthly income per farm household grew between NSSO & NABARD surveys, but so has the level of outstanding loans
A recent report by the National Bank for Agriculture and Rural Development (NABARD) enlightens one about the state of farmers' income and indebtedness in 2015-16. Entitled NABARD All India Rural Financial Inclusion Survey 2016-17 – in short NAFIS 2016-17 – the report says that between 2012-13 and 2015-16 the average monthly income for agricultural households grew by around 39 percent. One may recall that the Key Indicators of Situation Assessment Survey...
More »Rural Wage Growth killed by demonetisation; fell from 11% to mere 0.45% in last 3 years, shows Ind-Ra data -Pragya Srivastava
-The Financial Express India’s rural Wage Growth has slumped from an average of 11% in the financial years 2013-15 to a mere 0.45% in the financial years 2016-18, due to the negative impact of demonetisation, a report said. An analysis of 25 different occupations in rural areas by India Ratings showed that rural Wage Growth slumped to decimal points from double-digit in last three years despite government support. India Ratings noted that...
More »ILO Wage Report Paints a Sorry Picture of Economic Inequalities in India -Anumeha Yadav
-TheWire.in Real average daily wages improved between 1993-94 and 2011-12, but gains of growth have bypassed casual workers, women and rural areas. Over the past two decades, India became one of the two fastest growing economies in the world, alongside China. The gross domestic product (GDP) has risen four folds since 1993. But has this growth been distributed to lower economic inequality? Has the increase in wages matched the pace of growth...
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