-The Hindu Public works could provide valuable support to the urban poor, especially if women get most of the jobs The COVID-19 crisis has drawn attention to the insecurities that haunt the lives of the urban poor. Generally, they are less insecure than the rural poor, partly because fallback work is easier to find in urban areas — if only pulling a rickshaw or selling snacks. Still, the urban poor are exposed...
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Do recent indicators hint at a real economic revival? -Vikas Dhoot
-The Hindu After India’s economy collapsed in the first quarter of 2020-21 following the nationwide lockdown imposed to curb the COVID-19 pandemic, some economic indicators from September and October, from power consumption to GST collections, suggest that things are improving. But is this a sustainable recovery under way, or just an expression of pent-up demand combined with India’s festive-season spending? In a conversation moderated by Vikas Dhoot, Naushad Forbes and M....
More »Coronavirus cases rising in Delhi, Kerala reports biggest jump among all states - Pooja Dantewadia and Tanay Sukumar
-Livemint.com A return of the coronavirus in Europe has spooked global markets. Even as India recovers, some regions are at a similar risk, including the national capital Several parts of Europe are under threat of fresh Lockdowns as the dreaded “second wave" of the coronavirus sweeps through the continent. Markets globally are reacting in panic, with European stock futures touching a five-month low on Wednesday. Indian markets have also been jittery in...
More »Credit Suisse report: ‘Despite Covid, wealth of Indian adults rises marginally in 6 months’
-The Indian Express Over the first half of 2020, while average wealth rose by only 1.7 per cent, Credit Suisse estimated that the full rise for 2020 will be 5-6 per cent and 2021 will see growth of about 9 per cent. The average wealth of Indian adults rose marginally by $120 (about Rs 8,800) to $17,420 (Rs 12.77 lakh) at end-June 2020, as against $17,300 as of December 2019, showing some...
More »Covid puzzles: Jobs back, labour shrinks, demand low but inflation still high -Aanchal Magazine and Anil Sasi
-The Indian Express While much of the world is seeing benign inflation trends, India is a clear exception. Among the drivers of headline inflation in India in recent months has been food prices, especially those of vegetables. With economic activity picking pace after the easing of lockdown measures, the recovery has thrown up some paradoxes: revival in employment amid a fall in labour force participation, surging inflation rate despite disinflationary impact from...
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